California Public Employees Retirement System raised its stake in shares of Collectors Universe, Inc. (NASDAQ:CLCT) by 500.0% during the first quarter, Holdings Channel reports. The fund owned 108,000 shares of the business services provider’s stock after acquiring an additional 90,000 shares during the quarter. California Public Employees Retirement System’s holdings in Collectors Universe were worth $1,892,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dalton Greiner Hartman Maher & Co. boosted its stake in Collectors Universe by 48.4% during the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 194,472 shares of the business services provider’s stock valued at $3,407,000 after acquiring an additional 63,421 shares during the last quarter. Pembroke Management LTD boosted its stake in Collectors Universe by 25.5% during the 1st quarter. Pembroke Management LTD now owns 138,337 shares of the business services provider’s stock valued at $2,424,000 after acquiring an additional 28,137 shares during the last quarter. Barclays PLC boosted its stake in Collectors Universe by 74,327.3% during the 4th quarter. Barclays PLC now owns 8,187 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 8,176 shares during the last quarter. North Star Investment Management Corp. boosted its stake in Collectors Universe by 6.2% during the 1st quarter. North Star Investment Management Corp. now owns 302,325 shares of the business services provider’s stock valued at $5,297,000 after acquiring an additional 17,600 shares during the last quarter. Finally, Global Strategic Management Inc. bought a new position in Collectors Universe during the 4th quarter valued at $1,127,000. Hedge funds and other institutional investors own 45.70% of the company’s stock.
NASDAQ CLCT opened at $19.11 on Thursday. Collectors Universe, Inc. has a 12 month low of $10.01 and a 12 month high of $22.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.55 and a current ratio of 1.73. The firm has a market cap of $175.28 million, a price-to-earnings ratio of 20.83 and a beta of 1.09.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a $0.175 dividend. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 3.66%.
Separately, TheStreet upgraded shares of Collectors Universe from a “c+” rating to a “b” rating in a research note on Friday, May 3rd.
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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 in the United States. It operates through three segments: Coins, Trading Cards and Autographs, and Other High-End Collectibles.
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