I read a thread the other day(think it was right here in the LPS section?) where a hammer coral can change the shape of its "hammers" according to how much or how little light its getting. Forget exactly what shape they were with what lighting, but they were either small round balls, or flat hammers. Not like the typical ball peen hammer shape when they are healthy.
Your looks relatively healthy and happy except for the clown trying to sleep in it, which would explain why its closed up most of the time. If the clown continues to host in it, it will eventually get used to it and fully open. It will close from time to time when the clown gets really aggressive in it, but just normal hosting they will get used to.