Collectors Universe (NASDAQ:CLCT) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Thursday.

Shares of Collectors Universe (CLCT) traded up $0.30 during mid-day trading on Thursday, hitting $28.16. The stock had a trading volume of 22,100 shares, compared to its average volume of 33,000. Collectors Universe has a 12-month low of $19.69 and a 12-month high of $30.82. The firm has a market capitalization of $251.22, a price-to-earnings ratio of 23.08 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.06.

Collectors Universe (NASDAQ:CLCT) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.41 EPS for the quarter. Collectors Universe had a return on equity of 70.02% and a net margin of 14.24%. The firm had revenue of $19.75 million for the quarter.

In related news, President David G. Hall sold 20,000 shares of Collectors Universe stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $26.07, for a total value of $521,400.00. Following the transaction, the president now directly owns 423,499 shares of the company’s stock, valued at $11,040,618.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President David G. Hall sold 6,500 shares of Collectors Universe stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $26.42, for a total value of $171,730.00. Following the completion of the sale, the president now owns 423,499 shares of the company’s stock, valued at $11,188,843.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,460 shares of company stock worth $1,203,108. 14.00% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Citigroup Inc. increased its holdings in shares of Collectors Universe by 5.0% during the second quarter. Citigroup Inc. now owns 4,906 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 232 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Collectors Universe by 15.9% during 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 acquiring an additional 960 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Collectors Universe by 3.4% during the second quarter. Martingale Asset Management L P now owns 33,104 shares of the business services provider’s stock valued at $823,000 after acquiring an additional 1,100 shares in the last quarter. Martin & Co. Inc. TN increased its holdings in shares of Collectors Universe by 2.8% during 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 acquiring an additional 1,390 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Collectors Universe by 2.9% during the third quarter. Wells Fargo & Company MN now owns 69,770 shares of the business services provider’s stock valued at $1,672,000 after acquiring an additional 1,941 shares in the last quarter. Institutional investors and hedge funds own 45.65% of the company’s stock.

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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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