Emerald Mutual Fund Advisers Trust Sells 49,766 Shares of Clear Secure, Inc. (NYSE:YOU)

Emerald Mutual Fund Advisers Trust lowered its position in shares of Clear Secure, Inc. (NYSE:YOU) by 34.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,779 shares of the company’s stock after selling 49,766 shares during the quarter. Emerald Mutual Fund Advisers Trust owned about 0.07% of Clear Secure worth $3,174,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Montag A & Associates Inc. purchased a new stake in Clear Secure in the first quarter worth about $26,000. University of Texas Texas AM Investment Management Co. purchased a new stake in shares of Clear Secure in the 2nd quarter worth approximately $26,000. Future Financial Wealth Managment LLC bought a new position in Clear Secure during the 3rd quarter valued at approximately $33,000. Plato Investment Management Ltd raised its stake in Clear Secure by 10,535.4% during the second quarter. Plato Investment Management Ltd now owns 5,105 shares of the company’s stock valued at $96,000 after buying an additional 5,057 shares during the last quarter. Finally, NBC Securities Inc. purchased a new stake in shares of Clear Secure in the third quarter worth $105,000. Institutional investors own 73.80% of the company’s stock.

Insider Activity at Clear Secure

In other news, Director Alclear Investments Ii, Llc sold 150,000 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Clear Secure news, CAO Dennis W. Liu sold 1,500 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $25.03, for a total value of $37,545.00. Following the completion of the sale, the chief accounting officer now owns 10,211 shares in the company, valued at approximately $255,581.33. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Alclear Investments Ii, Llc sold 150,000 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $34.08, for a total value of $5,112,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,173,935 shares of company stock worth $36,826,532. Corporate insiders own 37.85% of the company’s stock.

Clear Secure Trading Up 0.2 %

Shares of YOU opened at $36.84 on Monday. The firm has a market cap of $5.13 billion, a PE ratio of 47.23 and a beta of 1.63. Clear Secure, Inc. has a 1-year low of $16.05 and a 1-year high of $38.04. The firm has a fifty day simple moving average of $32.71 and a two-hundred day simple moving average of $24.33.

Clear Secure (NYSE:YOU) last announced its earnings results on Tuesday, August 6th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.08. The business had revenue of $186.75 million for the quarter, compared to analysts’ expectations of $183.78 million. Clear Secure had a return on equity of 35.33% and a net margin of 10.36%. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period last year, the firm posted $0.05 earnings per share. As a group, research analysts forecast that Clear Secure, Inc. will post 1.01 EPS for the current fiscal year.

Clear Secure Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Stockholders of record on Tuesday, December 10th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.36%. This is a positive change from Clear Secure’s previous quarterly dividend of $0.10. The ex-dividend date is Tuesday, December 10th. Clear Secure’s dividend payout ratio is 64.10%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. The Goldman Sachs Group upped their price target on shares of Clear Secure from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of Clear Secure from $24.00 to $32.00 and gave the stock a “hold” rating in a report on Monday, October 28th. Finally, Telsey Advisory Group lifted their target price on Clear Secure from $34.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Clear Secure has an average rating of “Hold” and a consensus price target of $31.83.

Clear Secure Company Profile

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.