Dana Investment Advisors Inc. Sells 6,724 Shares of Clearfield, Inc. (NASDAQ:CLFD)

Dana Investment Advisors Inc. trimmed its position in Clearfield, Inc. (NASDAQ:CLFD) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,527 shares of the communications equipment provider’s stock after selling 6,724 shares during the period. Dana Investment Advisors Inc. owned about 0.82% of Clearfield worth $3,612,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CLFD. Quantbot Technologies LP purchased a new position in shares of Clearfield in the third quarter worth approximately $53,000. Truvestments Capital LLC bought a new position in Clearfield in the third quarter worth approximately $80,000. SG Americas Securities LLC raised its position in Clearfield by 45.5% in the fourth quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider’s stock worth $164,000 after acquiring an additional 1,656 shares during the period. Easterly Investment Partners LLC boosted its stake in shares of Clearfield by 31.3% during the 3rd quarter. Easterly Investment Partners LLC now owns 11,632 shares of the communications equipment provider’s stock worth $453,000 after acquiring an additional 2,774 shares during the last quarter. Finally, Bard Associates Inc. grew its position in shares of Clearfield by 6.5% during the 3rd quarter. Bard Associates Inc. now owns 12,220 shares of the communications equipment provider’s stock valued at $476,000 after acquiring an additional 741 shares during the period. 88.73% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on CLFD shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Clearfield in a report on Friday, February 7th. StockNews.com raised Clearfield from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Clearfield currently has a consensus rating of “Moderate Buy” and an average price target of $46.75.

Insider Activity at Clearfield

In related news, COO John P. Hill sold 16,539 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $33.26, for a total transaction of $550,087.14. Following the completion of the transaction, the chief operating officer now owns 189,886 shares in the company, valued at approximately $6,315,608.36. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.80% of the stock is owned by corporate insiders.

Clearfield Stock Down 5.5 %

Shares of CLFD stock opened at $29.77 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 10.57 and a quick ratio of 7.41. Clearfield, Inc. has a one year low of $27.06 and a one year high of $44.83. The company’s fifty day moving average price is $34.51 and its 200-day moving average price is $34.89. The company has a market capitalization of $420.71 million, a price-to-earnings ratio of -47.25 and a beta of 1.28.

Clearfield (NASDAQ:CLFD) last posted its quarterly earnings results on Thursday, February 6th. The communications equipment provider reported ($0.13) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.13. Clearfield had a negative return on equity of 3.31% and a negative net margin of 5.41%. Sell-side analysts expect that Clearfield, Inc. will post -0.29 EPS for the current fiscal year.

About Clearfield

Clearfield, Inc manufactures and sells various fiber connectivity products in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures; WaveSmart, an optical components integrated for signal coupling, splitting, termination, multiplexing, demultiplexing, and attenuation for integration within its fiber management platform; and active cabinet products.