Collectors Universe (CLCT) Downgraded to “Buy” at BidaskClub

BidaskClub downgraded shares of Collectors Universe (NASDAQ:CLCT) from a strong-buy rating to a buy rating in a research report sent to investors on Thursday morning.

Shares of Collectors Universe (NASDAQ:CLCT) traded up $0.39 during mid-day trading on Thursday, reaching $28.55. 21,500 shares of the company traded hands, compared to its average volume of 29,167. Collectors Universe has a one year low of $19.69 and a one year high of $30.82. The stock has a market cap of $254.69, a P/E ratio of 23.40 and a beta of 0.94. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.06.

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

In related news, President David G. Hall sold 6,500 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.42, for a total transaction of $171,730.00. Following the sale, the president now directly owns 423,499 shares of the company’s stock, valued at approximately $11,188,843.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David G. Hall sold 20,000 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $24.32, for a total transaction of $486,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,460 shares of company stock worth $1,203,108 over the last three months. 14.00% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in the stock. Citigroup Inc. boosted its holdings in shares of Collectors Universe by 5.0% during the 2nd quarter. Citigroup Inc. now owns 4,906 shares of the business services provider’s stock valued at $122,000 after acquiring an additional 232 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Collectors Universe by 15.9% during 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. OxFORD Asset Management LLP purchased a new stake in shares of Collectors Universe during the 2nd quarter valued at about $385,000. JPMorgan Chase & Co. purchased a new stake in shares of Collectors Universe during the 3rd quarter valued at about $463,000. Finally, EAM Investors LLC purchased a new stake in shares of Collectors Universe during the 2nd quarter valued at about $482,000. 45.65% of the stock is currently owned by institutional investors.

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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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