Collectors Universe, Inc. (CLCT) Issues Quarterly Earnings Results
Collectors Universe, Inc. (NASDAQ:CLCT) issued its quarterly earnings results on Thursday. The business services provider reported $0.41 EPS for the quarter, Bloomberg Earnings reports. Collectors Universe had a net margin of 14.24% and a return on equity of 72.77%. The company had revenue of $19.75 million during the quarter.
Shares of Collectors Universe (NASDAQ CLCT) traded up $2.32 during mid-day trading on Friday, reaching $26.82. 93,745 shares of the company’s stock traded hands, compared to its average volume of 26,946. The company has a market cap of $218.83 million, a PE ratio of 20.11 and a beta of 0.90.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Wednesday, November 15th will be given a $0.35 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.40 annualized dividend and a yield of 5.22%. Collectors Universe’s dividend payout ratio is presently 114.75%.
In other Collectors Universe news, President David G. Hall sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $23.08, for a total value of $230,800.00. Following the completion of the transaction, the president now owns 479,999 shares of the company’s stock, valued at approximately $11,078,376.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President David G. Hall sold 20,000 shares of the firm’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 transaction of $447,000.00. Following the completion of the transaction, the president now directly owns 459,999 shares of the company’s stock, valued at approximately $10,280,977.65. The disclosure for this sale can be found here. Insiders sold a total of 70,960 shares of company stock valued at $1,650,578 in the last three months. 14.00% of the stock is currently owned by corporate insiders.
A hedge fund recently raised its stake in Collectors Universe stock. The Manufacturers Life Insurance Company lifted its position in shares of Collectors Universe, Inc. (NASDAQ:CLCT) by 15.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,011 shares of the business services provider’s stock after purchasing an additional 960 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Collectors Universe worth $174,000 at the end of the most recent reporting period. 42.88% of the stock is currently 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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