Collectors Universe, Inc. (NASDAQ:CLCT) Sees Significant Growth in Short Interest

Collectors Universe, Inc. (NASDAQ:CLCT) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totalling 91,200 shares, an increase of 37.8% from the May 30th total of 66,200 shares. Based on an average daily volume of 77,400 shares, the short-interest ratio is presently 1.2 days. Currently, 1.2% of the shares of the stock are sold short.

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

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

Institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC increased its position in Collectors Universe by 74,327.3% during the fourth quarter. Barclays PLC now owns 8,187 shares of the business services provider’s stock worth $93,000 after purchasing an additional 8,176 shares during the last quarter. First Trust Advisors LP increased its position in Collectors Universe by 19.3% during the fourth 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 last quarter. Two Sigma Advisers LP increased its position in Collectors Universe by 23.7% during the fourth 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 last quarter. Juncture Wealth Strategies LLC acquired a new stake in Collectors Universe during the first quarter worth about $201,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Collectors Universe during the first quarter worth about $210,000. Hedge funds and other institutional investors own 45.70% of the company’s stock.

Shares of NASDAQ:CLCT traded up $0.26 during midday trading on Friday, hitting $22.81. The company’s stock had a trading volume of 76,298 shares, compared to its average volume of 130,763. The business’s 50 day moving average is $20.41. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.55 and a current ratio of 1.73. The stock has a market cap of $208.67 million, a P/E ratio of 24.79 and a beta of 1.04. Collectors Universe has a 12-month low of $10.01 and a 12-month high of $24.60.

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

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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