Short Interest in Collectors Universe, Inc. (NASDAQ:CLCT) Grows By 120.9%

Collectors Universe, Inc. (NASDAQ:CLCT) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 201,500 shares, a growth of 120.9% from the June 15th total of 91,200 shares. Based on an average daily volume of 86,900 shares, the short-interest ratio is presently 2.3 days. Approximately 2.5% of the company’s shares are short sold.

Separately, TheStreet downgraded shares of Viewray from a “c-” rating to a “d” rating in a report on Friday, May 3rd.

In related news, CFO Joseph John Wallace sold 2,611 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $21.89, for a total transaction of $57,154.79. Following the transaction, the chief financial officer now directly owns 101,224 shares in the company, valued at approximately $2,215,793.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Joseph J. Orlando sold 5,326 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $21.89, for a total transaction of $116,586.14. Following the transaction, the chief executive officer now owns 28,780 shares in the company, valued at $629,994.20. The disclosure for this sale can be found here. Corporate insiders own 13.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its position in Collectors Universe by 0.7% in the 1st quarter. Royce & Associates LP now owns 180,575 shares of the business services provider’s stock valued at $3,164,000 after buying an additional 1,275 shares during the period. First Trust Advisors LP lifted its position in shares of Collectors Universe by 19.3% in the 4th quarter. First Trust Advisors LP now owns 14,210 shares of the business services provider’s stock worth $161,000 after purchasing an additional 2,296 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Collectors Universe by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 327,770 shares of the business services provider’s stock worth $3,723,000 after purchasing an additional 2,522 shares during the period. Two Sigma Advisers LP lifted its position in shares of Collectors Universe by 23.7% in the 4th quarter. Two Sigma Advisers LP now owns 16,700 shares of the business services provider’s stock worth $190,000 after purchasing an additional 3,200 shares during the period. Finally, Intl Fcstone Inc. lifted its position in shares of Collectors Universe by 33.9% in the 1st quarter. Intl Fcstone Inc. now owns 16,126 shares of the business services provider’s stock worth $283,000 after purchasing an additional 4,082 shares during the period. 45.24% of the stock is owned by institutional investors.

Collectors Universe stock traded up $0.53 during trading hours on Friday, hitting $23.15. The company had a trading volume of 54,443 shares, compared to its average volume of 61,992. The company has a market cap of $211.78 million, a price-to-earnings ratio of 24.23 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.55 and a current ratio of 1.73. Collectors Universe has a 1 year low of $10.01 and a 1 year high of $24.60. The business’s 50-day simple moving average is $20.97.

Collectors Universe (NASDAQ:CLCT) last released its quarterly earnings data on Wednesday, May 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $19.47 million during the quarter. Collectors Universe had a net margin of 11.66% and a return on equity of 52.41%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a $0.175 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.70 annualized dividend and a yield of 3.02%.

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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