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Collectors Universe (NASDAQ:CLCT) Raised to "Buy" at BidaskClub

Friday, June 19, 2020 | MarketBeat

Collectors Universe (NASDAQ:CLCT) was upgraded by investment analysts at BidaskClub from a "hold" rating to a "buy" rating in a report released on Friday, BidAskClub reports.

CLCT has been the topic of a number of other research reports. TheStreet upgraded shares of Collectors Universe from a "c+" rating to a "b" rating in a research report on Friday, June 12th. ValuEngine upgraded shares of Collectors Universe from a "sell" rating to a "hold" rating in a research report on Thursday, April 2nd.

Shares of NASDAQ:CLCT opened at $29.61 on Friday. The stock has a market cap of $257.44 million, a PE ratio of 24.47 and a beta of 1.59. The company's fifty day moving average is $22.51 and its 200 day moving average is $22.17. Collectors Universe has a 52 week low of $13.26 and a 52 week high of $30.54. The company has a quick ratio of 1.70, a current ratio of 1.86 and a debt-to-equity ratio of 0.47.

Collectors Universe (NASDAQ:CLCT) last issued its earnings results on Wednesday, May 6th. The business services provider reported $0.21 EPS for the quarter. Collectors Universe had a net margin of 14.02% and a return on equity of 50.87%. The company had revenue of $18.72 million for the quarter.

In related news, Director Albert J. Moyer sold 3,373 shares of the business's stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $25.16, for a total transaction of $84,864.68. Following the transaction, the director now owns 61,347 shares in the company, valued at $1,543,490.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in shares of Collectors Universe by 90.1% during the first quarter. AQR Capital Management LLC now owns 297,969 shares of the business services provider's stock valued at $4,669,000 after buying an additional 141,192 shares during the period. Invesco Ltd. increased its position in shares of Collectors Universe by 4.7% during the first quarter. Invesco Ltd. now owns 58,270 shares of the business services provider's stock valued at $912,000 after buying an additional 2,614 shares during the period. Amica Retiree Medical Trust increased its position in shares of Collectors Universe by 36.3% during the first quarter. Amica Retiree Medical Trust now owns 29,332 shares of the business services provider's stock valued at $460,000 after buying an additional 7,806 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of Collectors Universe by 98.5% during the first quarter. BNP Paribas Arbitrage SA now owns 2,771 shares of the business services provider's stock valued at $43,000 after buying an additional 1,375 shares during the period. Finally, Citigroup Inc. increased its position in shares of Collectors Universe by 39.3% during the first quarter. Citigroup Inc. now owns 2,564 shares of the business services provider's stock valued at $40,000 after buying an additional 724 shares during the period. Institutional investors own 67.58% 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 in the United States. It operates through three segments: Coins, Trading Cards and Autographs, and Other High-End Collectibles.

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