Insider Buying: Clearone Inc (NASDAQ:CLRO) Major Shareholder Purchases 8,941 Shares of Stock

Clearone Inc (NASDAQ:CLRO) major shareholder Edward D. Bagley bought 8,941 shares of Clearone stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $2.12 per share, for a total transaction of $18,954.92. Following the purchase, the insider now directly owns 7,388,148 shares in the company, valued at approximately $15,662,873.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of NASDAQ CLRO opened at $2.16 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 3.12 and a current ratio of 5.59. Clearone Inc has a 1 year low of $1.12 and a 1 year high of $5.91.

Clearone (NASDAQ:CLRO) last issued its earnings results on Monday, May 20th. The communications equipment provider reported ($0.12) earnings per share (EPS) for the quarter. The business had revenue of $6.31 million during the quarter. Clearone had a negative net margin of 63.26% and a negative return on equity of 31.02%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC grew its position in shares of Clearone by 14.1% during the 1st quarter. Renaissance Technologies LLC now owns 242,775 shares of the communications equipment provider’s stock valued at $490,000 after buying an additional 30,000 shares during the last quarter. Northern Trust Corp grew its position in shares of Clearone by 45.0% during the 1st quarter. Northern Trust Corp now owns 16,686 shares of the communications equipment provider’s stock valued at $34,000 after buying an additional 5,177 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Clearone by 100.0% during the 4th quarter. Geode Capital Management LLC now owns 38,214 shares of the communications equipment provider’s stock valued at $47,000 after buying an additional 19,107 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Clearone by 100.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 60,734 shares of the communications equipment provider’s stock valued at $76,000 after buying an additional 30,367 shares during the last quarter. Finally, Alambic Investment Management L.P. bought a new stake in shares of Clearone during the 4th quarter valued at about $39,000. 5.22% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Insider Buying: Clearone Inc (NASDAQ:CLRO) Major Shareholder Purchases 8,941 Shares of Stock” was first reported by WKRB News and is owned by of WKRB News. If you are reading this news story on another site, it was copied illegally and republished in violation of United States & international copyright and trademark law. The correct version of this news story can be viewed at https://www.wkrb13.com/2019/06/10/insider-buying-clearone-inc-nasdaqclro-major-shareholder-purchases-8941-shares-of-stock.html.

About Clearone

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.

Featured Story: How Do Front-End Loads Impact an Investment?

Insider Buying and Selling by Quarter for Clearone (NASDAQ:CLRO)

Receive News & Ratings for Clearone Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clearone and related companies with MarketBeat.com's FREE daily email newsletter.