Millennium Management LLC Has $150,000 Stake in Collectors Universe, Inc. (CLCT)
Millennium Management LLC trimmed its stake in shares of Collectors Universe, Inc. (NASDAQ:CLCT) by 81.1% in the fourth quarter, Holdings Channel reports. The fund owned 13,221 shares of the business services provider’s stock after selling 56,561 shares during the quarter. Millennium Management LLC’s holdings in Collectors Universe were worth $150,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of CLCT. Barclays PLC increased its holdings in Collectors Universe by 74,327.3% in 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 in the last quarter. First Trust Advisors LP increased its holdings in Collectors Universe by 19.3% in 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 in the last quarter. Two Sigma Advisers LP increased its holdings in Collectors Universe by 23.7% in 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 in the last quarter. Isthmus Partners LLC increased its holdings in Collectors Universe by 26.9% in the fourth quarter. Isthmus Partners LLC now owns 71,357 shares of the business services provider’s stock worth $811,000 after purchasing an additional 15,133 shares in the last quarter. Finally, Global Strategic Management Inc. bought a new stake in Collectors Universe in the fourth quarter worth approximately $1,127,000. Institutional investors own 46.25% of the company’s stock.
Shares of CLCT stock opened at $21.10 on Thursday. The company has a market capitalization of $185.80 million, a price-to-earnings ratio of 22.08 and a beta of 1.39. The company has a quick ratio of 1.55, a current ratio of 1.73 and a debt-to-equity ratio of 0.11. Collectors Universe, Inc. has a fifty-two week low of $10.01 and a fifty-two week high of $21.21.
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a $0.175 dividend. The ex-dividend date is Thursday, May 16th. This represents a $0.70 dividend on an annualized basis and a yield of 3.32%.
Separately, TheStreet upgraded Collectors Universe from a “c+” rating to a “b” rating in a report on Friday, May 3rd.
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Collectors Universe 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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