Collectors Universe Will Buy Back Shares

Collectors Universe Inc., a Santa Ana provider of services to dealers and collectors of coins, cards and memorabilia, said Thursday that its directors authorized a program to buy back up to 500,000 shares of company stock.

Collectors said in a press release that the stock repurchase program, which will take place over the next six months, is aimed at boosting the company’s low stock price.

The stock lost 3 cents a share Thursday to close at $3.13 a share in Nasdaq trading.