Northern Trust Corp Cuts Holdings in Collectors Universe, Inc. (CLCT)
Northern Trust Corp cut its holdings in shares of Collectors Universe, Inc. (NASDAQ:CLCT) by 55.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,629 shares of the business services provider’s stock after selling 66,684 shares during the period. Northern Trust Corp owned 0.61% of Collectors Universe worth $805,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in CLCT. Bank of America Corp DE lifted its position in Collectors Universe by 457.4% during the 2nd quarter. Bank of America Corp DE now owns 8,144 shares of the business services provider’s stock valued at $120,000 after purchasing an additional 6,683 shares during the period. Laurion Capital Management LP acquired a new position in Collectors Universe during the 2nd quarter valued at about $200,000. LMR Partners LLP acquired a new position in Collectors Universe during the 2nd quarter valued at about $309,000. Paloma Partners Management Co acquired a new position in Collectors Universe during the 2nd quarter valued at about $542,000. Finally, Millennium Management LLC acquired a new position in Collectors Universe during the 2nd quarter valued at about $1,600,000. Institutional investors own 45.84% of the company’s stock.
In related news, Director Deborah A. Farrington sold 12,823 shares of the stock in a transaction that occurred on Friday, November 9th. The shares were sold at an average price of $14.31, for a total value of $183,497.13. Following the sale, the director now directly owns 16,174 shares in the company, valued at approximately $231,449.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.20% of the company’s stock.
Collectors Universe (NASDAQ:CLCT) last announced its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.24 earnings per share for the quarter. The business had revenue of $17.50 million for the quarter. Collectors Universe had a net margin of 7.15% and a return on equity of 32.79%.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.25%.
Separately, ValuEngine upgraded shares of Collectors Universe from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd.
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Collectors Universe 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 in the United States. It operates through three segments: Coins, Trading Cards and Autographs, and Other High-End Collectibles.
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