New Age Alpha Advisors LLC Purchases New Stake in Clear Secure, Inc. (NYSE:YOU)

New Age Alpha Advisors LLC acquired a new position in shares of Clear Secure, Inc. (NYSE:YOU) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 125,907 shares of the company’s stock, valued at approximately $3,354,000. New Age Alpha Advisors LLC owned 0.09% of Clear Secure at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. IQ EQ FUND MANAGEMENT IRELAND Ltd bought a new stake in shares of Clear Secure during the 4th quarter worth about $5,097,000. JPMorgan Chase & Co. boosted its holdings in shares of Clear Secure by 5.7% during the fourth quarter. JPMorgan Chase & Co. now owns 1,769,257 shares of the company’s stock worth $47,133,000 after acquiring an additional 95,660 shares during the period. Elo Mutual Pension Insurance Co bought a new stake in shares of Clear Secure during the fourth quarter worth approximately $458,000. EntryPoint Capital LLC acquired a new position in shares of Clear Secure in the fourth quarter valued at approximately $286,000. Finally, Vanguard Group Inc. increased its stake in shares of Clear Secure by 3.9% during the fourth quarter. Vanguard Group Inc. now owns 12,526,949 shares of the company’s stock worth $333,718,000 after purchasing an additional 473,207 shares during the period. 73.80% of the stock is currently owned by institutional investors and hedge funds.

Clear Secure Stock Performance

YOU opened at $26.53 on Friday. Clear Secure, Inc. has a 52-week low of $16.05 and a 52-week high of $38.88. The firm has a market cap of $3.63 billion, a P/E ratio of 30.85 and a beta of 1.37. The business’s fifty day moving average is $24.45 and its 200-day moving average is $27.99.

Clear Secure Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 18th. Shareholders of record on Monday, March 10th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, March 10th. Clear Secure’s dividend payout ratio is currently 32.47%.

Analyst Ratings Changes

YOU has been the topic of a number of research reports. Stifel Nicolaus decreased their price objective on Clear Secure from $32.00 to $26.00 and set a “hold” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 price target on shares of Clear Secure in a research report on Thursday, February 27th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 price objective on shares of Clear Secure in a report on Monday, March 24th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.00.

About Clear Secure

Clear Secure, Inc operates a secure identity platform under the CLEAR brand name primarily in the United States. Its secure identity platform is a multi-layered infrastructure consisting of front-end, including enrollment, verification, and linking, as well as back-end. The company also offers CLEAR Plus, a consumer aviation subscription service, which enables access to predictable entry lanes in airport security checkpoints, as well as access to broader network; and CLEAR mobile app, which is used to enroll new members and improve the experience for existing members.