Black Diamond, Inc. (CLAR) Shares Sold by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its stake in Black Diamond, Inc. (NASDAQ:CLAR) by 17.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 41,705 shares of the company’s stock after selling 8,917 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Black Diamond were worth $277,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. California Public Employees Retirement System purchased a new position in shares of Black Diamond in the first quarter worth $105,000. Stifel Financial Corp lifted its holdings in shares of Black Diamond by 2.0% in the second quarter. Stifel Financial Corp now owns 20,898 shares of the company’s stock worth $139,000 after buying an additional 400 shares in the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Black Diamond in the second quarter worth $146,000. Marquette Asset Management Inc. lifted its holdings in shares of Black Diamond by 9.5% in the second quarter. Marquette Asset Management Inc. now owns 25,124 shares of the company’s stock worth $167,000 after buying an additional 2,176 shares in the last quarter. Finally, Rhumbline Advisers purchased a new position in shares of Black Diamond in the second quarter worth $175,000. 47.96% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Black Diamond, Inc. (CLAR) opened at $7.57 on Friday. The company has a quick ratio of 1.68, a current ratio of 4.53 and a debt-to-equity ratio of 0.18. Black Diamond, Inc. has a 12 month low of $5.00 and a 12 month high of $7.95.

In other Black Diamond news, insider Aaron Kuehne purchased 5,923 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average price of $7.21 per share, with a total value of $42,704.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicolas Sokolow purchased 19,625 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average cost of $6.39 per share, for a total transaction of $125,403.75. Following the purchase, the director now owns 65,000 shares of the company’s stock, valued at $415,350. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 71,424 shares of company stock worth $484,212. 46.80% of the stock is owned by insiders.

Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Black Diamond from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Stifel Nicolaus boosted their target price on shares of Black Diamond from $8.00 to $9.00 and gave the stock a “buy” rating in a report on Tuesday, November 7th. Finally, Roth Capital set a $7.00 price target on shares of Black Diamond and gave the company a “hold” rating in a research note on Tuesday, August 8th.

Black Diamond Profile

Clarus Corporation, formerly Black Diamond, Inc, through its ownership of Black Diamond Equipment, Ltd., is engaged in designing, manufacturing and marketing of active outdoor performance equipment and apparel for climbing, mountaineering, backpacking, skiing and a range of other year-round outdoor recreation activities.

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Institutional Ownership by Quarter for Black Diamond (NASDAQ:CLAR)

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