Dimensional Fund Advisors LP Buys 40,174 Shares of Cricut, Inc. (NASDAQ:CRCT)

Dimensional Fund Advisors LP boosted its stake in shares of Cricut, Inc. (NASDAQ:CRCT - Free Report) by 46.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 127,114 shares of the company's stock after buying an additional 40,174 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Cricut worth $725,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRCT. Bank of New York Mellon Corp increased its position in Cricut by 175.0% during the 4th quarter. Bank of New York Mellon Corp now owns 476,540 shares of the company's stock valued at $2,716,000 after buying an additional 303,236 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Cricut by 25.8% in the 4th quarter. American Century Companies Inc. now owns 1,190,019 shares of the company's stock worth $6,783,000 after purchasing an additional 244,058 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Cricut in the 4th quarter worth $1,029,000. JPMorgan Chase & Co. increased its holdings in shares of Cricut by 296.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company's stock worth $1,283,000 after purchasing an additional 138,385 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Cricut in the 4th quarter worth $651,000. Institutional investors own 19.60% of the company's stock.

Insider Transactions at Cricut

In other Cricut news, CEO Arora Ashish sold 60,000 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $6.22, for a total transaction of $373,200.00. Following the completion of the sale, the chief executive officer now owns 3,879,329 shares of the company's stock, valued at approximately $24,129,426.38. The trade was a 1.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 305,009 shares of company stock worth $1,785,494 in the last ninety days. Insiders own 18.61% of the company's stock.

Cricut Stock Performance

Shares of CRCT stock remained flat at $6.11 on Thursday. The stock had a trading volume of 361,835 shares, compared to its average volume of 449,890. The firm has a market cap of $1.29 billion, a PE ratio of 21.82 and a beta of 0.01. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $7.17. The stock's 50-day simple moving average is $5.21 and its 200 day simple moving average is $5.50.

Cricut (NASDAQ:CRCT - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The firm had revenue of $162.63 million for the quarter, compared to the consensus estimate of $158.55 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. As a group, sell-side analysts predict that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Cuts Dividend

The company also recently declared a semi-annual dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a dividend yield of 3.3%. Cricut's dividend payout ratio (DPR) is currently 64.52%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRCT. Morgan Stanley reduced their target price on Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a report on Thursday, March 6th. Citigroup reissued a "sell" rating and issued a $4.00 target price (down previously from $6.00) on shares of Cricut in a report on Monday, April 14th.

Cricut Profile

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.