Insider Buying: CuriosityStream Inc. (NASDAQ:CURI) CEO Purchases 17,877 Shares of Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb bought 17,877 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $1.68 per share, for a total transaction of $30,033.36. Following the completion of the acquisition, the chief executive officer now owns 2,155,306 shares in the company, valued at approximately $3,620,914.08. This trade represents a 0.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CuriosityStream Price Performance

NASDAQ:CURI opened at $1.51 on Thursday. The firm has a 50-day moving average of $1.99 and a two-hundred day moving average of $1.57. The stock has a market cap of $83.77 million, a P/E ratio of -5.39 and a beta of 1.07. CuriosityStream Inc. has a 1-year low of $0.45 and a 1-year high of $3.00.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Wednesday, November 6th. The company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.05). CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The business had revenue of $12.60 million during the quarter, compared to analysts’ expectations of $13.80 million. During the same period in the prior year, the company posted ($0.14) EPS. As a group, equities analysts expect that CuriosityStream Inc. will post -0.2 earnings per share for the current year.

CuriosityStream Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.10 dividend on an annualized basis and a yield of 6.62%. CuriosityStream’s dividend payout ratio (DPR) is -35.71%.

Institutional Investors Weigh In On CuriosityStream

Several hedge funds and other institutional investors have recently modified their holdings of CURI. Acadian Asset Management LLC bought a new position in shares of CuriosityStream during the second quarter worth about $27,000. Virtu Financial LLC raised its stake in CuriosityStream by 115.5% during the third quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock valued at $53,000 after buying an additional 14,905 shares in the last quarter. CWM LLC raised its stake in CuriosityStream by 6,399.4% during the second quarter. CWM LLC now owns 72,468 shares of the company’s stock valued at $83,000 after buying an additional 71,353 shares in the last quarter. Delta Financial Group Inc. lifted its holdings in CuriosityStream by 26.4% during the 3rd quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock worth $110,000 after buying an additional 12,000 shares during the last quarter. Finally, Oldfield Partners LLP acquired a new position in shares of CuriosityStream in the 2nd quarter worth approximately $417,000. Institutional investors own 6.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC lifted their price objective on shares of CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

About CuriosityStream

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video and audio programming services in various categories of factual entertainment, including science, history, society, nature, lifestyle, and technology through direct subscription video on-demand (SVoD) platforms accessible by internet connected devices, or indirectly via distribution partners who deliver CuriosityStream content via distributor's platform or system, as well as through bundled content licenses for SVoD and linear offerings, talks and courses, and partner bulk sales.