Collectors Universe, Inc. (NASDAQ:CLCT) President David G. Hall sold 20,000 shares of the stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $23.14, for a total transaction of $462,800.00. Following the sale, the president now owns 479,999 shares in the company, valued at approximately $11,107,176.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Collectors Universe, Inc. (CLCT) traded up 2.26% during midday trading on Friday, reaching $23.53. 38,644 shares of the company traded hands. The firm’s 50 day moving average price is $24.76 and its 200 day moving average price is $24.77. Collectors Universe, Inc. has a 12 month low of $16.54 and a 12 month high of $28.83. The firm has a market capitalization of $209.89 million, a price-to-earnings ratio of 21.41 and a beta of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Wednesday, August 16th will be given a dividend of $0.35 per share. The ex-dividend date is Monday, August 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.95%. Collectors Universe’s dividend payout ratio (DPR) is currently 127.27%.
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Several hedge funds have recently modified their holdings of the stock. Seizert Capital Partners LLC acquired a new stake in shares of Collectors Universe during the first quarter valued at $367,000. Isthmus Partners LLC increased its position in shares of Collectors Universe by 1.3% in the first quarter. Isthmus Partners LLC now owns 37,506 shares of the business services provider’s stock valued at $979,000 after buying an additional 478 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Collectors Universe by 28.1% in the first quarter. Wells Fargo & Company MN now owns 59,411 shares of the business services provider’s stock valued at $1,551,000 after buying an additional 13,042 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Collectors Universe during the first quarter valued at about $240,000. Finally, Renaissance Technologies LLC increased its position in shares of Collectors Universe by 1.5% in the first quarter. Renaissance Technologies LLC now owns 716,419 shares of the business services provider’s stock valued at $18,699,000 after buying an additional 10,900 shares in the last quarter. Institutional investors and hedge funds own 44.10% of the company’s stock.
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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