Clearfield Inc (CLFD) Holdings Trimmed by Two Sigma Advisers LP

Two Sigma Advisers LP cut its holdings in shares of Clearfield Inc (NASDAQ:CLFD) by 9.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,300 shares of the communications equipment provider’s stock after selling 2,100 shares during the period. Two Sigma Advisers LP’s holdings in Clearfield were worth $201,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its stake in Clearfield by 1.5% during the third quarter. Renaissance Technologies LLC now owns 508,999 shares of the communications equipment provider’s stock worth $6,846,000 after purchasing an additional 7,700 shares during the last quarter. Vanguard Group Inc. lifted its stake in Clearfield by 8.6% during the third quarter. Vanguard Group Inc. now owns 487,386 shares of the communications equipment provider’s stock worth $6,556,000 after purchasing an additional 38,600 shares during the last quarter. Vanguard Group Inc lifted its stake in Clearfield by 8.6% during the third quarter. Vanguard Group Inc now owns 487,386 shares of the communications equipment provider’s stock worth $6,556,000 after purchasing an additional 38,600 shares during the last quarter. BlackRock Inc. lifted its stake in Clearfield by 0.5% during the fourth quarter. BlackRock Inc. now owns 818,955 shares of the communications equipment provider’s stock worth $8,124,000 after purchasing an additional 3,920 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Clearfield by 123.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,917 shares of the communications equipment provider’s stock worth $88,000 after purchasing an additional 4,935 shares during the last quarter. Hedge funds and other institutional investors own 28.80% of the company’s stock.

Several research firms have weighed in on CLFD. Zacks Investment Research upgraded Clearfield from a “sell” rating to a “hold” rating in a research note on Wednesday, January 9th. TheStreet upgraded Clearfield from a “c+” rating to a “b” rating in a research note on Monday, March 4th. Finally, ValuEngine upgraded Clearfield from a “hold” rating to a “buy” rating in a research note on Wednesday, February 13th.

NASDAQ CLFD opened at $14.92 on Friday. Clearfield Inc has a fifty-two week low of $8.41 and a fifty-two week high of $16.75. The firm has a market cap of $203.84 million, a price-to-earnings ratio of 46.63 and a beta of 1.68.

Clearfield (NASDAQ:CLFD) last released its earnings results on Thursday, April 25th. The communications equipment provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Clearfield had a return on equity of 7.88% and a net margin of 5.37%. The business had revenue of $19.08 million for the quarter, compared to the consensus estimate of $19.00 million. On average, equities analysts anticipate that Clearfield Inc will post 0.32 EPS for the current fiscal year.

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About Clearfield

Clearfield, Inc manufactures, markets, and sells standard and custom passive connectivity products to the fiber-to-the-premises, enterprises, and original equipment manufacturers markets in the United States and internationally. The company offers FieldSmart, a series of panels, cabinets, wall boxes, and other enclosures.

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Institutional Ownership by Quarter for Clearfield (NASDAQ:CLFD)

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