JPMorgan Chase & Co. acquired a new stake in Collectors Universe, Inc. (NASDAQ:CLCT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 19,119 shares of the business services provider’s stock, valued at approximately $463,000.

A number of other institutional investors have also made changes to their positions in the business. Seizert Capital Partners LLC grew its position in Collectors Universe by 75.8% in the 3rd quarter. Seizert Capital Partners LLC now owns 25,977 shares of the business services provider’s stock valued at $623,000 after acquiring an additional 11,201 shares during the last quarter. Martin & Co. Inc. TN grew its position in Collectors Universe by 2.8% in the 2nd 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 during the last quarter. The Manufacturers Life Insurance Company grew its position in 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 valued at $174,000 after acquiring an additional 960 shares during the last quarter. State Street Corp grew its position in Collectors Universe by 5.6% in the 2nd quarter. State Street Corp now owns 129,803 shares of the business services provider’s stock valued at $3,225,000 after acquiring an additional 6,923 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its position in Collectors Universe by 301.4% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 36,800 shares of the business services provider’s stock valued at $915,000 after acquiring an additional 27,633 shares during the last quarter. 45.65% of the stock is currently owned by institutional investors.

In other news, President David G. Hall sold 20,000 shares of the stock in a transaction on Monday, November 13th. The stock was sold at an average price of $26.07, for a total transaction of $521,400.00. Following the transaction, the president now owns 423,499 shares of the company’s stock, valued at approximately $11,040,618.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President David G. Hall sold 6,500 shares of the stock in a transaction 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 transaction, the president now directly owns 423,499 shares in the company, valued at approximately $11,188,843.58. The disclosure for this sale can be found here. 14.00% of the stock is currently owned by corporate insiders.

Separately, BidaskClub downgraded Collectors Universe from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th.

Collectors Universe, Inc. (NASDAQ:CLCT) opened at $27.46 on Wednesday. Collectors Universe, Inc. has a 12-month low of $19.82 and a 12-month high of $30.82. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 1.50. The stock has a market capitalization of $250.68, a price-to-earnings ratio of 22.51 and a beta of 0.94.

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

TRADEMARK VIOLATION WARNING: This news story was first published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.dailypolitical.com/2018/01/17/jpmorgan-chase-co-takes-position-in-collectors-universe-inc-clct.html.

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 (collectibles). The Company operates through three segments: coins, trading cards and autographs, and other collectibles.

Want to see what other hedge funds are holding CLCT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Collectors Universe, Inc. (NASDAQ:CLCT).

Institutional Ownership by Quarter for Collectors Universe (NASDAQ:CLCT)

Receive News & Ratings for Collectors Universe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Collectors Universe and related companies with MarketBeat.com's FREE daily email newsletter.