Collectors Universe, Inc. (NASDAQ:CLCT) was the target of a large increase in short interest in the month of August. As of August 31st, there was short interest totalling 341,300 shares, an increase of 75.5% from the July 31st total of 194,500 shares. Currently, 4.3% of the company’s stock are sold short. Based on an average daily trading volume, of 86,600 shares, the days-to-cover ratio is currently 3.9 days.
Shares of NASDAQ:CLCT traded up $0.24 during mid-day trading on Friday, hitting $25.94. 1,075 shares of the company traded hands, compared to its average volume of 70,669. The firm has a market cap of $249.34 million, a P/E ratio of 24.32 and a beta of 1.03. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.73 and a current ratio of 1.88. Collectors Universe has a 52-week low of $10.01 and a 52-week high of $27.75. The firm’s 50 day simple moving average is $23.87 and its 200 day simple moving average is $20.35.
Collectors Universe (NASDAQ:CLCT) last announced its earnings results on Wednesday, August 28th. The business services provider reported $0.31 EPS for the quarter. The business had revenue of $19.78 million for the quarter. Collectors Universe had a return on equity of 59.82% and a net margin of 13.77%.
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.70 annualized dividend and a dividend yield of 2.70%.
In related news, CFO Joseph John Wallace sold 2,611 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $21.89, for a total transaction of $57,154.79. Following the sale, the chief financial officer now directly owns 101,224 shares in the company, valued at approximately $2,215,793.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Joseph J. Orlando sold 5,326 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $21.89, for a total value of $116,586.14. Following the sale, the chief executive officer now owns 28,780 shares in the company, valued at $629,994.20. The disclosure for this sale can be found here. Company insiders own 13.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its holdings in shares of Collectors Universe by 69.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,200 shares of the business services provider’s stock valued at $45,000 after buying an additional 904 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in Collectors Universe during the 1st quarter worth approximately $210,000. Acadian Asset Management LLC purchased a new stake in Collectors Universe during the 2nd quarter worth approximately $298,000. GSA Capital Partners LLP increased its holdings in Collectors Universe by 15.3% during the 2nd quarter. GSA Capital Partners LLP now owns 15,100 shares of the business services provider’s stock worth $322,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in Collectors Universe during the 2nd quarter worth approximately $342,000. Institutional investors and hedge funds own 58.87% of the company’s stock.
Collectors Universe Company Profile
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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