Balboa Wealth Partners Invests $701,000 in Clear Secure, Inc. (NYSE:YOU)

Balboa Wealth Partners purchased a new stake in Clear Secure, Inc. (NYSE:YOU) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 26,321 shares of the company’s stock, valued at approximately $701,000.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in Clear Secure by 221.6% during the fourth quarter. GAMMA Investing LLC now owns 1,119 shares of the company’s stock valued at $30,000 after purchasing an additional 771 shares in the last quarter. SRS Capital Advisors Inc. increased its stake in Clear Secure by 56.1% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,132 shares of the company’s stock worth $57,000 after buying an additional 766 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Clear Secure during the fourth quarter valued at approximately $83,000. KBC Group NV purchased a new position in shares of Clear Secure in the third quarter valued at approximately $90,000. Finally, Blue Trust Inc. lifted its position in shares of Clear Secure by 376.0% in the fourth quarter. Blue Trust Inc. now owns 3,413 shares of the company’s stock valued at $91,000 after acquiring an additional 2,696 shares in the last quarter. Institutional investors and hedge funds own 73.80% of the company’s stock.

Clear Secure Trading Down 0.3 %

Shares of NYSE:YOU opened at $25.08 on Thursday. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of 29.16 and a beta of 1.37. Clear Secure, Inc. has a 12-month low of $16.05 and a 12-month high of $38.88. The business has a 50-day moving average price of $24.50 and a 200 day moving average price of $28.25.

Clear Secure Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 18th. Stockholders of record on Monday, March 10th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Monday, March 10th. Clear Secure’s dividend payout ratio (DPR) is 32.47%.

Analysts Set New Price Targets

Several analysts recently commented on YOU shares. Stifel Nicolaus dropped their price target on Clear Secure from $32.00 to $26.00 and set a “hold” rating for the company in a research report on Thursday, February 27th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $42.00 target price on shares of Clear Secure in a report on Thursday, February 27th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $45.00 target price on shares of Clear Secure in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Clear Secure presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

Clear Secure 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.