Clearone Inc (NASDAQ:CLRO) major shareholder Edward D. Bagley purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $2.18 per share, for a total transaction of $10,900.00. Following the completion of the purchase, the insider now owns 7,392,220 shares of the company’s stock, valued at $16,115,039.60. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Clearone stock traded up $0.05 on Friday, reaching $2.25. 200 shares of the stock were exchanged, compared to its average volume of 9,986. Clearone Inc has a 1-year low of $1.12 and a 1-year high of $5.40. The company has a current ratio of 5.59, a quick ratio of 3.12 and a debt-to-equity ratio of 0.05.
Clearone (NASDAQ:CLRO) last issued its quarterly earnings results on Monday, May 20th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. Clearone had a negative return on equity of 31.02% and a negative net margin of 63.26%. The firm had revenue of $6.31 million for the quarter.
Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC increased its stake in shares of Clearone by 14.1% during the first quarter. Renaissance Technologies LLC now owns 242,775 shares of the communications equipment provider’s stock worth $490,000 after acquiring an additional 30,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Clearone by 100.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 60,734 shares of the communications equipment provider’s stock worth $76,000 after acquiring an additional 30,367 shares during the period. California Public Employees Retirement System increased its stake in shares of Clearone by 100.0% during the fourth quarter. California Public Employees Retirement System now owns 50,600 shares of the communications equipment provider’s stock worth $63,000 after acquiring an additional 25,300 shares during the period. Geode Capital Management LLC increased its stake in shares of Clearone by 100.0% during the fourth quarter. Geode Capital Management LLC now owns 38,214 shares of the communications equipment provider’s stock worth $47,000 after acquiring an additional 19,107 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Clearone by 57.0% during the fourth quarter. BlackRock Inc. now owns 33,009 shares of the communications equipment provider’s stock worth $41,000 after acquiring an additional 11,978 shares during the period. Institutional investors and hedge funds own 5.22% of the company’s stock.
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Clearone Company Profile
ClearOne, Inc, together with its subsidiaries, designs, develops, and sells conferencing, collaboration, streaming, and digital signage solutions for voice and visual communications in the United States and internationally. The company offers various professional audio communication products, including professional conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; and professional microphones for use in various applications.
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