Bank of New York Mellon Corp Purchases Shares of 445,171 CuriosityStream Inc. $CURI

Key Points

• Bank of New York Mellon acquired 445,171 CuriosityStream shares during the second quarter, valued at approximately $1.18 million and representing 0.75% of the company. Institutional investors collectively owned 6.79% of the stock.
• CuriosityStream reported quarterly revenue of $23.25 million and earnings per share of $0.15, exceeding analyst estimates of $21.32 million and $0.04, respectively.
• The company announced a quarterly dividend of $0.085 per share, implying a 13.1% yield at the reported share price. Analysts maintained a generally positive view, with a consensus “Buy” rating and a $5.50 price target, while shares were trading at $2.60.

Bank of New York Mellon Corp acquired a new stake in shares of CuriosityStream Inc. (NASDAQ:CURI - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 445,171 shares of the company's stock, valued at approximately $1,184,000. Bank of New York Mellon Corp owned 0.75% of CuriosityStream as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC lifted its holdings in CuriosityStream by 30.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company's stock valued at $50,000 after purchasing an additional 3,115 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in shares of CuriosityStream by 17.7% in the 4th quarter. MetLife Investment Management LLC now owns 24,630 shares of the company's stock worth $94,000 after acquiring an additional 3,704 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of CuriosityStream by 31.9% in the 4th quarter. Invesco Ltd. now owns 27,799 shares of the company's stock worth $106,000 after acquiring an additional 6,728 shares in the last quarter. Bank of America Corp DE grew its position in CuriosityStream by 36.6% during the 3rd quarter. Bank of America Corp DE now owns 26,920 shares of the company's stock worth $143,000 after acquiring an additional 7,206 shares during the last quarter. Finally, Quarry LP bought a new stake in CuriosityStream during the 3rd quarter worth approximately $45,000. Institutional investors own 6.79% of the company's stock.

CuriosityStream Stock Performance

Shares of CURI opened at $2.60 on Thursday. The firm has a market capitalization of $154.28 million, a price-to-earnings ratio of 260.00 and a beta of 1.76. The business's fifty day moving average price is $2.72 and its two-hundred day moving average price is $2.92. CuriosityStream Inc. has a 52 week low of $2.30 and a 52 week high of $5.51.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.11. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%.The company had revenue of $23.25 million during the quarter, compared to the consensus estimate of $21.32 million. As a group, research analysts forecast that CuriosityStream Inc. will post 0.2 EPS for the current year.

CuriosityStream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 13.1%. The ex-dividend date of this dividend is Friday, September 4th. CuriosityStream's payout ratio is currently 3,400.00%.

Insiders Place Their Bets

In other CuriosityStream news, CEO Clinton Stinchcomb bought 20,000 shares of the business's stock in a transaction on Friday, August 28th. The shares were bought at an average cost of $2.60 per share, for a total transaction of $52,000.00. Following the transaction, the chief executive officer owned 3,021,260 shares in the company, valued at approximately $7,855,276. This trade represents a 0.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick Keeley sold 31,559 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $2.70, for a total transaction of $85,209.30. Following the completion of the transaction, the director directly owned 188,450 shares in the company, valued at $508,815. This trade represents a 14.34% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 31.10% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CURI shares. Singular Research upgraded CuriosityStream to a "strong-buy" rating in a research report on Monday, June 1st. Weiss Ratings raised CuriosityStream from a "hold (c-)" rating to a "hold (c)" rating in a report on Friday, August 14th. Zacks Research upgraded shares of CuriosityStream from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 13th. Barrington Research decreased their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an "outperform" rating on the stock in a report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of CuriosityStream from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $5.50.

CuriosityStream Profile

CuriosityStream, Inc NASDAQ: CURI is a global streaming media company specializing in factual content across science, nature, history and technology. Founded in 2015 by John Hendricks, the founder of the Discovery Channel, CuriosityStream offers on-demand documentaries, series and short-form programming designed to inform and entertain viewers with high-quality educational content. The company's library features both original productions and licensed titles, covering topics such as space exploration, wildlife conservation, archaeology and cutting-edge scientific research.

Since its launch, CuriosityStream has expanded its reach to subscribers in more than 175 countries, delivering content in multiple languages and via a range of platforms.

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