Bank of New York Mellon Corp boosted its position in shares of Collectors Universe, Inc. (NASDAQ:CLCT) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 134,121 shares of the business services provider’s stock after buying an additional 3,699 shares during the period. Bank of New York Mellon Corp owned approximately 1.50% of Collectors Universe worth $3,500,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CLCT. Algert Global LLC increased its position in shares of Collectors Universe by 23.3% in the first quarter. Algert Global LLC now owns 74,909 shares of the business services provider’s stock worth $1,955,000 after buying an additional 14,160 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its position in shares of Collectors Universe by 2.8% in the first quarter. Adams Diversified Equity Fund Inc. now owns 51,800 shares of the business services provider’s stock worth $1,352,000 after buying an additional 1,400 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Collectors Universe by 28.1% in the first quarter. Wells Fargo & Company MN now owns 59,411 shares of the business services provider’s stock worth $1,551,000 after buying an additional 13,042 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Collectors Universe by 10.5% in the fourth quarter. Teachers Advisors LLC now owns 12,410 shares of the business services provider’s stock worth $263,000 after buying an additional 1,178 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Collectors Universe by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 236,317 shares of the business services provider’s stock worth $5,017,000 after buying an additional 6,684 shares in the last quarter. Hedge funds and other institutional investors own 44.10% of the company’s stock.

Shares of Collectors Universe, Inc. (NASDAQ CLCT) traded down 0.57% during trading on Monday, hitting $24.37. The company’s stock had a trading volume of 14,815 shares. The company has a 50-day moving average price of $25.02 and a 200-day moving average price of $24.67. Collectors Universe, Inc. has a one year low of $16.54 and a one year high of $28.83. The stock has a market cap of $217.38 million, a PE ratio of 22.17 and a beta of 0.97.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Wednesday, August 16th will be paid a dividend of $0.35 per share. The ex-dividend date is Monday, August 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.74%. Collectors Universe’s dividend payout ratio is presently 127.27%.

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In related news, CEO Robert G. Deuster sold 9,364 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $25.23, for a total transaction of $236,253.72. Following the completion of the sale, the chief executive officer now directly owns 37,286 shares in the company, valued at $940,725.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, President David G. Hall sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $25.56, for a total transaction of $511,200.00. Following the sale, the president now owns 509,999 shares of the company’s stock, valued at $13,035,574.44. The disclosure for this sale can be found here. Insiders have sold 60,000 shares of company stock worth $1,500,400 in the last quarter. Company insiders own 16.90% of the company’s stock.

Collectors Universe Company 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 (collectibles). The Company operates through three segments: coins, trading cards and autographs, and other collectibles.

Institutional Ownership by Quarter for Collectors Universe (NASDAQ:CLCT)

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