Collectors Universe (CLCT) Sets New 12-Month Low at $12.92

Shares of Collectors Universe, Inc. (NASDAQ:CLCT) reached a new 52-week low during trading on Thursday . The company traded as low as $12.92 and last traded at $12.99, with a volume of 1100 shares changing hands. The stock had previously closed at $13.34.

Separately, ValuEngine upgraded Collectors Universe from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd.

The stock has a market cap of $117.97 million, a P/E ratio of 24.11 and a beta of 0.85. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.60 and a quick ratio of 1.38.

Collectors Universe (NASDAQ:CLCT) last issued its quarterly earnings results on Thursday, November 1st. The business services provider reported $0.24 EPS for the quarter. Collectors Universe had a return on equity of 32.79% and a net margin of 7.15%. The firm had revenue of $17.50 million during the quarter.

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 dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 5.38%. The ex-dividend date was Thursday, November 15th.

In related news, Director Deborah A. Farrington sold 12,823 shares of the business’s stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $14.31, for a total transaction of $183,497.13. Following the completion of the sale, the director now directly owns 16,174 shares in the company, valued at $231,449.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE increased its position in shares of Collectors Universe by 457.4% during the second quarter. Bank of America Corp DE now owns 8,144 shares of the business services provider’s stock worth $120,000 after purchasing an additional 6,683 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Collectors Universe during the third quarter worth approximately $176,000. Laurion Capital Management LP purchased a new stake in Collectors Universe in the 2nd quarter valued at $200,000. Selective Wealth Management purchased a new stake in Collectors Universe in the 3rd quarter valued at $245,000. Finally, LMR Partners LLP purchased a new stake in Collectors Universe in the 2nd quarter valued at $309,000. Hedge funds and other institutional investors own 45.84% of the company’s stock.

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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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