Collectors Universe (CLCT) Stock Rating Upgraded by BidaskClub

Collectors Universe (NASDAQ:CLCT) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, December 22nd.

Shares of Collectors Universe (CLCT) traded down $0.86 during midday trading on Friday, reaching $28.10. 36,606 shares of the company’s stock were exchanged, compared to its average volume of 19,670. The company has a market capitalization of $250.68, a PE ratio of 23.03 and a beta of 0.94. Collectors Universe has a twelve month low of $19.82 and a twelve month high of $30.82. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.50 and a quick ratio of 1.26.

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

In other Collectors Universe news, President David G. Hall sold 20,000 shares of the firm’s 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 completion of the transaction, the president now owns 423,499 shares of the company’s stock, valued at $11,040,618.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President David G. Hall sold 6,500 shares of the firm’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $26.42, for a total value of $171,730.00. Following the transaction, the president now owns 423,499 shares of the company’s stock, valued at $11,188,843.58. The disclosure for this sale can be found here. Company insiders own 14.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Algert Global LLC increased its holdings in Collectors Universe by 20.0% in the 3rd quarter. Algert Global LLC now owns 115,726 shares of the business services provider’s stock worth $2,774,000 after buying an additional 19,297 shares in the last quarter. Martin & Co. Inc. TN increased its holdings in Collectors Universe by 53.4% in the 3rd quarter. Martin & Co. Inc. TN now owns 78,085 shares of the business services provider’s stock worth $1,872,000 after buying an additional 27,175 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Collectors Universe by 2.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 281,307 shares of the business services provider’s stock worth $6,743,000 after buying an additional 6,198 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Collectors Universe by 2.9% in the 3rd quarter. Wells Fargo & Company MN now owns 69,770 shares of the business services provider’s stock worth $1,672,000 after buying an additional 1,941 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in Collectors Universe in the 3rd quarter worth about $463,000. Institutional investors own 45.65% of the company’s stock.

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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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