November 23, 2016 - By Louis Casey
Clearfield Inc Chief Financial Officer Daniel Herzog on the November 22, 2016 unloaded a total of 25,000 shares of the public company with a market value $482,506 US Dollars. This is based on an average stock price per share of $19.3 US Dollars. More information about the deal dated November 22, 2016, could be found at your disposal in a legal document on the SEC website here. At the moment, Daniel Herzog holds a total of 70,293 shares or 0.53% of Clearfield Inc’s total market cap (Market Capitalization is a measurement of business value based on share price and number of shares outstanding).
Out of 2 analysts covering Clearfield (NASDAQ:CLFD), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $19 is the highest target while $15 is the lowest. The $17.17 average target is -11.04% below today’s ($19.3) stock price. Clearfield has been the topic of 3 analyst reports since August 20, 2015 according to StockzIntelligence Inc. Zacks upgraded Clearfield Inc (NASDAQ:CLFD) on Thursday, August 20 to “Hold” rating. On Monday, November 23 the stock rating was initiated by Lake Street with “Buy”. The rating was initiated by Northland Capital with “Outperform” on Thursday, October 1.
Insitutional Activity: The institutional sentiment decreased to 1.26 in Q2 2016. Its down 0.39, from 1.65 in 2016Q1. The ratio dropped, as 6 funds sold all Clearfield Inc shares owned while 11 reduced positions. 11 funds bought stakes while 17 increased positions. They now own 3.45 million shares or 6.68% less from 3.69 million shares in 2016Q1.
Renaissance Technologies Limited Liability Corporation last reported 0.01% of its portfolio in the stock. Northern Tru holds 0% of its portfolio in Clearfield Inc (NASDAQ:CLFD) for 135,339 shares. Vanguard Gp Inc holds 0% of its portfolio in Clearfield Inc (NASDAQ:CLFD) for 377,387 shares. Blackrock Limited Liability Corporation, a Delaware-based fund reported 6,077 shares. Savings Bank Of America Corporation De holds 0% of its portfolio in Clearfield Inc (NASDAQ:CLFD) for 274 shares. Cadence Cap Mngmt Ltd Liability Com owns 65,388 shares or 0.09% of their US portfolio. American Gru Inc owns 6,595 shares or 0% of their US portfolio. Nationwide Fund Advisors, a Pennsylvania-based fund reported 7,445 shares. Morgan Stanley owns 37,868 shares or 0% of their US portfolio. Barclays Plc accumulated 0% or 93 shares. Natl Bank Of Mellon Corporation last reported 0% of its portfolio in the stock. Federated Invsts Pa last reported 0% of its portfolio in the stock. Benjamin F Edwards has 0% invested in the company for 500 shares. Wfg Advsrs Limited Partnership last reported 0.01% of its portfolio in the stock. Evercore Wealth Management Ltd Liability Corporation accumulated 48,800 shares or 0.04% of the stock.
Insider Transactions: Since August 2, 2016, the stock had 1 insider purchase, and 3 selling transactions for $287,331 net activity. Shares for $89,850 were bought by ROTH RONALD G. Another trade for 10,000 shares valued at $192,081 was made by Beranek Cheryl on Tuesday, August 2. On Monday, August 15 Hill John P sold $95,800 worth of the stock or 5,000 shares.
The stock decreased 1.28% or $0.25 during the last trading session, hitting $19.3. About 50,764 shares traded hands or 50.22% up from the average. Clearfield Inc (NASDAQ:CLFD) has risen 16.62% since April 21, 2016 and is uptrending. It has outperformed by 11.29% the S&P500.
Clearfield, Inc. manufactures, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The company has a market cap of $271.32 million. The Company’s products include Clearview Cassette, including Clearview Classic and Clearview Blue, and Clearview xPAK; Connectivity and Optical Components, including Cable-to-Cable Deployment and Optical Components; FieldSmart, including FieldSmart Fiber Crossover Distribution System, FieldSmart Fiber Scalability Center, FieldSmart Fiber Delivery Point and FieldSmart Small Count Delivery; FieldShield; CraftSmart, and Cable Assemblies. It has a 33.67 P/E ratio. The Company’s product line with a fiber delivery platform includes optical cable, connectors and microduct.
According to Zacks Investment Research, “CLEARFIELD INC., formerly APA Cables & Networks, designs and manufactures the FieldSmart fiber management platform, which includes its latest generation Fiber Distribution System and Fiber Scalability Center. The FDS and FSC product-lines support a wide range of panel configurations, densities, connectors and adapter options and is offered alongside an assortment of passive optical components. Clearfield also provides a complete line of fiber and copper assemblies for controlled and outside plant environments.”
More recent Clearfield Inc (NASDAQ:CLFD) news were published by: Streetinsider.com which released: “Form 4 Clearfield, Inc. For: Nov 18 Filed by: HERZOG DANIEL R” on November 22, 2016. Also Businesswire.com published the news titled: “Clearfield Chief Cheri Beranek Takes World’s Top Honor as Female Executive of ..” on November 22, 2016. Prnewswire.com‘s news article titled: “Clearfield, Inc. Pairs Zhone Technologies Access Hardware with Clearview ..” with publication date: October 06, 2015 was also an interesting one.
Clearfield, Inc., incorporated on March 7, 1979, makes, markets and sells fiber management and enclosure platform that consolidates, distributes and protects fiber as it moves from the inside plant to the outside plant and all the way to the home, business and cell site. The Company’s products include Clearview Cassette; Connectivity and Optical Components; FieldSmart; FieldShield; CraftSmart, and Cable Assemblies. The Company’s product line with a fiber delivery platform includes optical cable, connectors and microduct. The Firm supplies its products to target market of broadband service providers, including independent local exchange carriers (ILEC) (telephone), service operators (cable), wireless service providers, competitive local exchange carriers (CLEC) and municipal-owned utilities.
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By Louis Casey