Collectors Universe (NASDAQ:CLCT) Shares Up 10.3%

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Shares of Collectors Universe, Inc. (NASDAQ:CLCT) shot up 10.3% during trading on Wednesday . The company traded as high as $28.53 and last traded at $28.49, 169,536 shares were traded during trading. An increase of 157% from the average session volume of 66,062 shares. The stock had previously closed at $25.82.

The company has a market capitalization of $231.40 million, a PE ratio of 23.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.73 and a current ratio of 1.88. The stock’s 50 day moving average is $24.39 and its 200 day moving average is $20.68.

Collectors Universe (NASDAQ:CLCT) last announced its quarterly earnings results on Wednesday, August 28th. The business services provider reported $0.31 EPS for the quarter. The company had revenue of $19.78 million for the quarter. Collectors Universe had a net margin of 13.77% and a return on equity of 59.82%.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, August 15th.

In other Collectors Universe news, CFO Joseph John Wallace sold 2,611 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $21.89, for a total value of $57,154.79. Following the sale, the chief financial officer now directly owns 101,224 shares in the company, valued at approximately $2,215,793.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph J. Orlando sold 5,326 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $21.89, for a total transaction of $116,586.14. Following the completion of the sale, the chief executive officer now owns 28,780 shares in the company, valued at $629,994.20. The disclosure for this sale can be found here. Corporate insiders own 13.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of CLCT. JPMorgan Chase & Co. lifted its stake in Collectors Universe by 69.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,200 shares of the business services provider’s stock worth $45,000 after purchasing an additional 904 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Collectors Universe in the 1st quarter worth approximately $210,000. Acadian Asset Management LLC purchased a new stake in Collectors Universe in the 2nd quarter worth approximately $298,000. GSA Capital Partners LLP lifted its stake in Collectors Universe by 15.3% in the 2nd quarter. GSA Capital Partners LLP now owns 15,100 shares of the business services provider’s stock worth $322,000 after purchasing an additional 2,000 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in Collectors Universe in the 2nd quarter worth approximately $342,000. Institutional investors and hedge funds own 58.87% of the company’s stock.

Collectors Universe Company Profile (NASDAQ:CLCT)

Collectors Universe, Inc provides authentication and grading services to dealers and collectors of coins, trading cards, event tickets, autographs, and historical and sports memorabilia in the United States. It operates through three segments: Coins, Trading Cards and Autographs, and Other High-End Collectibles.

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