Collectors Universe (CLCT) Upgraded to Strong-Buy by BidaskClub
BidaskClub upgraded shares of Collectors Universe (NASDAQ:CLCT) from a buy rating to a strong-buy rating in a report published on Friday morning.
Collectors Universe (CLCT) opened at $29.96 on Friday. The company has a market capitalization of $267.27, a price-to-earnings ratio of 24.56 and a beta of 0.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.26 and a current ratio of 1.50. Collectors Universe has a 52 week low of $19.69 and a 52 week high of $30.82.
Collectors Universe (NASDAQ:CLCT) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.41 EPS for the quarter. The firm had revenue of $19.75 million for 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 Collectors Universe stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $24.32, for a total value of $486,400.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President David G. Hall sold 6,500 shares of Collectors Universe stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $26.42, for a total value of $171,730.00. Following the completion of the transaction, the president now owns 423,499 shares in the company, valued at approximately $11,188,843.58. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,460 shares of company stock worth $1,203,108. Insiders own 14.00% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of CLCT. Citigroup Inc. grew its stake in Collectors Universe by 5.0% in the second quarter. Citigroup Inc. now owns 4,906 shares of the business services provider’s stock valued at $122,000 after purchasing an additional 232 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Collectors Universe by 15.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,011 shares of the business services provider’s stock valued at $174,000 after purchasing an additional 960 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Collectors Universe in the first quarter valued at about $206,000. Seizert Capital Partners LLC grew its stake in Collectors Universe by 5.2% in the second quarter. Seizert Capital Partners LLC now owns 14,776 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 726 shares during the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in Collectors Universe in the second quarter valued at about $385,000. 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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