Collectors Universe (CLCT) Reaches New 52-Week High at $30.07
Collectors Universe, Inc. (NASDAQ:CLCT) reached a new 52-week high on Wednesday . The company traded as high as $30.07 and last traded at $29.37, with a volume of 24200 shares. The stock had previously closed at $28.86.
The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 1.26. The stock has a market capitalization of $262.01, a P/E ratio of 24.07 and a beta of 0.94.
Collectors Universe (NASDAQ:CLCT) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.41 earnings per share for the quarter. Collectors Universe had a return on equity of 70.02% and a net margin of 14.24%. The company had revenue of $19.75 million during the quarter.
The company also recently declared a quarterly dividend, which was paid on Friday, November 24th. Stockholders of record on Wednesday, November 15th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend was Tuesday, November 14th. Collectors Universe’s dividend payout ratio (DPR) is presently 114.75%.
In related news, President David G. Hall sold 6,500 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.42, for a total value of $171,730.00. Following the transaction, the president now directly owns 423,499 shares of the company’s stock, valued at approximately $11,188,843.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President David G. Hall sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $26.07, for a total value of $521,400.00. Following the completion of the transaction, the president now directly owns 423,499 shares in the company, valued at $11,040,618.93. The disclosure for this sale can be found here. Insiders have sold a total of 47,460 shares of company stock valued at $1,203,108 over the last ninety days. Company insiders own 14.00% of the company’s stock.
Several hedge funds have recently modified their holdings of CLCT. FMR LLC bought a new position in shares of Collectors Universe in the 2nd quarter valued at approximately $5,725,000. Hillsdale Investment Management Inc. raised its stake in shares of Collectors Universe by 301.4% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 36,800 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 27,633 shares in the last quarter. Martin & Co. Inc. TN raised its stake in shares of Collectors Universe by 53.4% in the 3rd quarter. Martin & Co. Inc. TN now owns 78,085 shares of the business services provider’s stock valued at $1,872,000 after acquiring an additional 27,175 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Collectors Universe by 53.8% in the 1st quarter. Geode Capital Management LLC now owns 71,762 shares of the business services provider’s stock valued at $1,872,000 after acquiring an additional 25,099 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Collectors Universe by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 275,109 shares of the business services provider’s stock valued at $6,836,000 after acquiring an additional 23,268 shares in the last quarter. 45.65% of the stock is currently owned by institutional investors and hedge funds.
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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 collectibles.
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