Adams Diversified Equity Fund Inc. Takes Position in Collectors Universe Inc. (CLCT)
Adams Diversified Equity Fund Inc. acquired a new stake in Collectors Universe Inc. (NASDAQ:CLCT) during the second quarter, Holdings Channel reports. The fund acquired 23,500 shares of the company’s stock, valued at approximately $464,000. Adams Diversified Equity Fund Inc. owned approximately 0.26% of Collectors Universe as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Collectors Universe by 2.8% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 84,315 shares of the company’s stock valued at $1,681,000 after buying an additional 2,327 shares in the last quarter. Menta Capital LLC boosted its position in shares of Collectors Universe by 9.1% in the first quarter. Menta Capital LLC now owns 44,661 shares of the company’s stock valued at $741,000 after buying an additional 3,729 shares in the last quarter. State Street Corp boosted its position in shares of Collectors Universe by 5.6% in the first quarter. State Street Corp now owns 106,610 shares of the company’s stock valued at $1,769,000 after buying an additional 5,653 shares in the last quarter. Finally, Algert Global LLC boosted its position in shares of Collectors Universe by 15.4% in the first quarter. Algert Global LLC now owns 68,006 shares of the company’s stock valued at $1,129,000 after buying an additional 9,080 shares in the last quarter. 40.00% of the stock is owned by hedge funds and other institutional investors.
Shares of Collectors Universe Inc. (NASDAQ:CLCT) traded up 0.11% during trading on Friday, reaching $18.39. The company had a trading volume of 28,422 shares. Collectors Universe Inc. has a 12 month low of $13.67 and a 12 month high of $22.49. The stock has a market capitalization of $163.63 million, a PE ratio of 20.55 and a beta of 1.03. The stock’s 50-day moving average price is $20.62 and its 200-day moving average price is $18.86.
Collectors Universe (NASDAQ:CLCT) last announced its quarterly earnings results on Tuesday, August 30th. The company reported $0.23 earnings per share for the quarter. The business had revenue of $16.40 million for the quarter. Collectors Universe had a return on equity of 47.40% and a net margin of 12.53%.
The business also recently declared a quarterly dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 7.61%. The ex-dividend date of this dividend was Wednesday, August 10th. Collectors Universe’s payout ratio is 155.56%.
Collectors Universe Company Profile
Collectors Universe, Inc provides authentication and grading services to dealers and collectors of coins, trading cards, event tickets, autographs and historical and sports memorabilia (collectibles). The Company operates through three segments: coins, trading cards and autographs, and other high-end collectibles.
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