AlphaQuest LLC Sells 5,961 Shares of Clearfield, Inc. (NASDAQ:CLFD)

AlphaQuest LLC lessened its position in shares of Clearfield, Inc. (NASDAQ:CLFD) by 40.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,865 shares of the communications equipment provider’s stock after selling 5,961 shares during the period. AlphaQuest LLC owned about 0.06% of Clearfield worth $275,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Janus Henderson Group PLC grew its position in Clearfield by 2.7% in the third quarter. Janus Henderson Group PLC now owns 30,062 shares of the communications equipment provider’s stock valued at $1,171,000 after purchasing an additional 794 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Clearfield in the 3rd quarter valued at about $53,000. SG Americas Securities LLC increased its position in shares of Clearfield by 45.5% in the fourth quarter. SG Americas Securities LLC now owns 5,297 shares of the communications equipment provider’s stock valued at $164,000 after acquiring an additional 1,656 shares during the last quarter. Truvestments Capital LLC bought a new stake in Clearfield during the third quarter worth about $80,000. Finally, Quest Partners LLC bought a new position in Clearfield in the third quarter valued at approximately $578,000. 88.73% of the stock is currently owned by institutional investors.

Insider Transactions at Clearfield

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

Clearfield Stock Up 3.4 %

CLFD opened at $29.46 on Friday. The stock’s fifty day simple moving average is $34.13 and its 200 day simple moving average is $34.49. Clearfield, Inc. has a 1-year low of $26.94 and a 1-year high of $44.83. The stock has a market cap of $416.33 million, a PE ratio of -46.76 and a beta of 1.26. The company has a current ratio of 10.57, a quick ratio of 7.41 and a debt-to-equity ratio of 0.01.

Clearfield (NASDAQ:CLFD) last issued its quarterly earnings data on Thursday, February 6th. The communications equipment provider reported ($0.13) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.13. Clearfield had a negative net margin of 5.41% and a negative return on equity of 3.31%. As a group, research analysts expect that Clearfield, Inc. will post -0.29 earnings per share for the current year.

Analysts Set New Price Targets

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

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.