Insider Selling: Collectors Universe, Inc. (CLCT) President Sells 20,000 Shares of Stock
Collectors Universe, Inc. (NASDAQ:CLCT) President David G. Hall sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $22.35, for a total value of $447,000.00. Following the transaction, the president now directly owns 459,999 shares in the company, valued at approximately $10,280,977.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Collectors Universe, Inc. (NASDAQ:CLCT) traded up 2.22% during trading on Tuesday, hitting $23.06. The stock had a trading volume of 39,366 shares. The company’s 50 day moving average is $23.70 and its 200-day moving average is $24.96. Collectors Universe, Inc. has a 12 month low of $16.54 and a 12 month high of $28.83. The company has a market cap of $205.70 million, a PE ratio of 20.98 and a beta of 0.98.
Collectors Universe (NASDAQ:CLCT) last posted its quarterly earnings results on Thursday, August 31st. The business services provider reported $0.12 EPS for the quarter. Collectors Universe had a return on equity of 59.50% and a net margin of 12.13%. The firm had revenue of $17.95 million during the quarter.
The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Wednesday, August 16th were issued a $0.35 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 6.07%. Collectors Universe’s dividend payout ratio is presently 141.41%.
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Several large investors have recently bought and sold shares of the stock. Martin & Co. Inc. TN increased its holdings in shares of Collectors Universe by 2.8% in the second quarter. Martin & Co. Inc. TN now owns 50,910 shares of the business services provider’s stock valued at $1,265,000 after purchasing an additional 1,390 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Collectors Universe by 15.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,011 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 960 shares during the last quarter. State Street Corp increased its holdings in shares of Collectors Universe by 5.6% in the second quarter. State Street Corp now owns 129,803 shares of the business services provider’s stock valued at $3,225,000 after purchasing an additional 6,923 shares during the last quarter. Hillsdale Investment Management Inc. increased its holdings in shares of Collectors Universe by 301.4% in the second quarter. Hillsdale Investment Management Inc. now owns 36,800 shares of the business services provider’s stock valued at $915,000 after purchasing an additional 27,633 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Collectors Universe in the second quarter valued at approximately $385,000. 44.75% of the stock is owned by hedge funds and other institutional investors.
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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