David G. Hall Sells 20,000 Shares of Collectors Universe, Inc. (NASDAQ:CLCT) Stock
Collectors Universe, Inc. (NASDAQ:CLCT) President David G. Hall sold 20,000 shares of Collectors Universe stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $23.14, for a total transaction of $462,800.00. Following the transaction, the president now directly owns 479,999 shares of the company’s stock, valued at $11,107,176.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Collectors Universe, Inc. (CLCT) traded up 2.26% during trading on Friday, reaching $23.53. 38,644 shares of the company traded hands. The stock has a market capitalization of $209.89 million, a PE ratio of 21.41 and a beta of 0.97. The company has a 50-day moving average of $24.76 and a 200-day moving average of $24.77. Collectors Universe, Inc. has a 12 month low of $16.54 and a 12 month high of $28.83.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Wednesday, August 16th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.95%. Collectors Universe’s payout ratio is currently 127.27%.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. American International Group Inc. raised its position in shares of Collectors Universe by 7.2% in the first quarter. American International Group Inc. now owns 4,608 shares of the business services provider’s stock worth $120,000 after buying an additional 309 shares during the period. Citigroup Inc. raised its position in Collectors Universe by 5.0% in the second quarter. Citigroup Inc. now owns 4,906 shares of the business services provider’s stock valued at $122,000 after buying an additional 232 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Collectors Universe during the first quarter valued at about $206,000. TFS Capital LLC purchased a new position in Collectors Universe during the first quarter valued at about $234,000. Finally, Hillsdale Investment Management Inc. purchased a new position in Collectors Universe during the first quarter valued at about $240,000. Institutional investors and hedge funds own 44.10% of the company’s stock.
About Collectors Universe
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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