Panagora Asset Management Inc. acquired a new position in shares of Collectors Universe, Inc. (NASDAQ:CLCT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,005 shares of the business services provider’s stock, valued at approximately $342,000. Panagora Asset Management Inc. owned 0.17% of Collectors Universe as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Acadian Asset Management LLC acquired a new stake in Collectors Universe during the 2nd quarter valued at approximately $298,000. JPMorgan Chase & Co. increased its holdings in shares of Collectors Universe by 69.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,200 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 904 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Collectors Universe by 57.8% in the 2nd quarter. Wells Fargo & Company MN now owns 205,935 shares of the business services provider’s stock valued at $4,393,000 after acquiring an additional 75,437 shares during the period. GSA Capital Partners LLP increased its holdings in shares of Collectors Universe by 15.3% in the 2nd quarter. GSA Capital Partners LLP now owns 15,100 shares of the business services provider’s stock valued at $322,000 after acquiring an additional 2,000 shares during the period. Finally, Hillsdale Investment Management Inc. grew its stake in Collectors Universe by 1.8% during the 2nd quarter. Hillsdale Investment Management Inc. now owns 121,500 shares of the business services provider’s stock worth $2,593,000 after buying an additional 2,100 shares during the last quarter. 58.87% of the stock is owned by institutional investors and hedge funds.
CLCT stock traded up $0.20 on Friday, hitting $25.90. 100 shares of the company’s stock were exchanged, compared to its average volume of 70,669. Collectors Universe, Inc. has a 12-month low of $10.01 and a 12-month high of $27.75. The firm has a 50 day moving average price of $23.87 and a two-hundred day moving average price of $20.35. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.73 and a current ratio of 1.88. The stock has a market cap of $249.34 million, a P/E ratio of 24.32 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Friday, August 16th were paid a dividend of $0.175 per share. The ex-dividend date was Thursday, August 15th. This represents a $0.70 annualized dividend and a yield of 2.70%.
In other news, CEO Joseph J. Orlando sold 5,326 shares of the business’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $21.89, for a total value of $116,586.14. Following the completion of the transaction, the chief executive officer now owns 28,780 shares of the company’s stock, valued at approximately $629,994.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Joseph John Wallace sold 2,611 shares of the business’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 $57,154.79. Following the completion of the transaction, the chief financial officer now directly owns 101,224 shares of the company’s stock, valued at approximately $2,215,793.36. The disclosure for this sale can be found here. Insiders own 13.20% of the company’s stock.
Collectors Universe 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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