Insider Selling: Collectors Universe, Inc. (CLCT) President Sells $447,000.00 in Stock
Collectors Universe, Inc. (NASDAQ:CLCT) 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 value of $447,000.00. Following the completion of the transaction, the president now owns 459,999 shares in the company, valued at approximately $10,280,977.65. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Collectors Universe, Inc. (NASDAQ CLCT) opened at 23.06 on Friday. The company has a market cap of $205.70 million, a price-to-earnings ratio of 23.32 and a beta of 0.98. Collectors Universe, Inc. has a 12-month low of $16.54 and a 12-month high of $28.83. The stock has a 50 day moving average price of $23.61 and a 200-day moving average price of $24.92.
Collectors Universe (NASDAQ:CLCT) last posted its quarterly earnings results on Thursday, August 31st. The business services provider reported $0.12 earnings per share for the quarter. The company had revenue of $17.95 million for the quarter. Collectors Universe had a return on equity of 59.50% and a net margin of 12.13%.
The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Wednesday, August 16th were paid 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 payout ratio is currently 141.41%.
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Several institutional investors have recently bought and sold shares of CLCT. American International Group Inc. grew its stake in shares of Collectors Universe by 7.2% in the 1st quarter. American International Group Inc. now owns 4,608 shares of the business services provider’s stock worth $120,000 after buying an additional 309 shares during the last quarter. Citigroup Inc. grew its stake in shares of Collectors Universe by 5.0% in the 2nd quarter. Citigroup Inc. now owns 4,906 shares of the business services provider’s stock worth $122,000 after buying an additional 232 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Collectors Universe by 15.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,011 shares of the business services provider’s stock worth $174,000 after buying an additional 960 shares during the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Collectors Universe in the 1st quarter worth approximately $206,000. Finally, TFS Capital LLC purchased a new stake in shares of Collectors Universe in the 1st quarter worth approximately $234,000. Institutional investors own 44.75% 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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