Collectors Universe, Inc. Announces Quarterly Dividend of $0.35 (CLCT)
Collectors Universe, Inc. (NASDAQ:CLCT) announced a quarterly dividend on Wednesday, October 25th, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.35 per share by the business services provider on Friday, November 24th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.88%. The ex-dividend date is Tuesday, November 14th.
Shares of Collectors Universe (NASDAQ CLCT) opened at 23.79 on Thursday. The stock has a 50 day moving average price of $23.76 and a 200-day moving average price of $24.72. Collectors Universe has a 52 week low of $16.54 and a 52 week high of $28.83. The stock has a market cap of $212.21 million, a P/E ratio of 24.05 and a beta of 0.99.
Collectors Universe (NASDAQ:CLCT) last issued its quarterly earnings results on Thursday, August 31st. The business services provider reported $0.12 earnings per share (EPS) for the quarter. The firm had revenue of $17.95 million for the quarter. Collectors Universe had a return on equity of 59.50% and a net margin of 12.13%.
In other Collectors Universe news, President David G. Hall sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 10th. The stock was sold at an average price of $23.08, for a total transaction of $230,800.00. Following the transaction, the president now owns 479,999 shares in the company, valued at approximately $11,078,376.92. The transaction 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 business’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $23.14, for a total value of $462,800.00. Following the transaction, the president now owns 479,999 shares in the company, valued at approximately $11,107,176.86. The disclosure for this sale can be found here. Insiders sold a total of 70,960 shares of company stock worth $1,650,578 in the last 90 days. 16.90% of the stock is currently owned by insiders.
A hedge fund recently raised its stake in Collectors Universe stock. The Manufacturers Life Insurance Company grew its holdings in shares of Collectors Universe, Inc. (NASDAQ:CLCT) by 15.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,011 shares of the business services provider’s stock after purchasing an additional 960 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Collectors Universe worth $174,000 at the end of the most recent reporting period. 42.87% of the stock is owned by institutional investors.
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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