Tributary Capital Management buys $9,314,112 stake in CLARCOR (CLC)

CLARCOR (CLC) : Tributary Capital Management scooped up 7,973 additional shares in CLARCOR during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 163,779 shares of CLARCOR which is valued at $9,314,112.CLARCOR makes up approximately 1.46% of Tributary Capital Management’s portfolio.

CLARCOR opened for trading at $55.63 and hit $56.91 on the upside on Friday, eventually ending the session at $56.87, with a gain of 1.61% or 0.9 points. The heightened volatility saw the trading volume jump to 2,66,533 shares. Company has a market cap of $2,758 M.

Other Hedge Funds, Including , Diversified Trust Co reduced its stake in CLC by selling 100 shares or 0.93% in the most recent quarter. The Hedge Fund company now holds 10,625 shares of CLC which is valued at $604,244. CLARCOR makes up approx 0.09% of Diversified Trust Co’s portfolio.Rockefeller Financial Services Inc reduced its stake in CLC by selling 2,093 shares or 1.43% in the most recent quarter. The Hedge Fund company now holds 144,779 shares of CLC which is valued at $8,508,662. CLARCOR makes up approx 0.16% of Rockefeller Financial Services Inc’s portfolio. Trutina Financial added CLC to its portfolio by purchasing 28,255 company shares during the most recent quarter which is valued at $1,660,546. CLARCOR makes up approx 1.82% of Trutina Financial’s portfolio.Curian Capital reduced its stake in CLC by selling 10,134 shares or 66.37% in the most recent quarter. The Hedge Fund company now holds 5,136 shares of CLC which is valued at $301,843. CLARCOR makes up approx 0.02% of Curian Capital’s portfolio.

On the company’s financial health, CLARCOR reported $0.74 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jan 13, 2016. Analyst had a consensus of $0.72. The company had revenue of $372.50 million for the quarter, compared to analysts expectations of $378.76 million. The company’s revenue was down -9.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.86 EPS.

CLARCOR Inc. is engaged in the marketing and manufacturing of mobile industrial and environmental filtration products. The Company’s segments are Engine/Mobile Filtration and Industrial/Environmental Filtration. The Company’s Engine/Mobile Filtration segment manufactures and sells filtration products for on-road and off-road mobile and stationary applications including trucks agricultural machinery construction and mining equipment marine automobiles transit buses and other industrial and specialty applications. The Company’s Industrial/Environmental Filtration segment manufactures and sells filtration products used in industrial and commercial processes and in buildings and infrastructures of various types. The Company’s filters and filter systems are used in commercial and industrial buildings hospitals manufacturing processes pharmaceutical processes clean rooms airports shipyards and refineries other oil and natural gas facilities among others.

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