D. E. Shaw & Co. Inc. Has $2.26 Million Stock Position in Cricut, Inc. (NASDAQ:CRCT)

D. E. Shaw & Co. Inc. increased its position in Cricut, Inc. (NASDAQ:CRCT - Free Report) by 23.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 396,118 shares of the company's stock after acquiring an additional 75,663 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.18% of Cricut worth $2,258,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. grew its position in 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of Cricut by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 1,095,510 shares of the company's stock worth $6,246,000 after buying an additional 14,191 shares during the period. Renaissance Technologies LLC grew its holdings in Cricut by 9.9% in the 4th quarter. Renaissance Technologies LLC now owns 608,543 shares of the company's stock worth $3,469,000 after buying an additional 55,011 shares in the last quarter. Bank of New York Mellon Corp increased its position in Cricut by 175.0% in 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 acquiring an additional 303,236 shares during the period. Finally, Northern Trust Corp increased its position in Cricut by 10.9% in the 4th quarter. Northern Trust Corp now owns 451,772 shares of the company's stock valued at $2,575,000 after acquiring an additional 44,260 shares during the period. 19.60% of the stock is currently owned by institutional investors.

Cricut Trading Down 2.6%

NASDAQ:CRCT traded down $0.16 during midday trading on Friday, hitting $5.95. 380,294 shares of the stock were exchanged, compared to its average volume of 447,673. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 21.25 and a beta of 0.01. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.17. The business has a 50-day moving average price of $5.22 and a two-hundred day moving average price of $5.49.

Cricut (NASDAQ:CRCT - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.08 by $0.03. The company 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%. Sell-side analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Cuts Dividend

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

Wall Street Analysts Forecast Growth

CRCT has been the subject of several recent analyst reports. Morgan Stanley decreased their price target on Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a research note on Thursday, March 6th. Citigroup reaffirmed a "sell" rating and issued a $4.00 price objective (down previously from $6.00) on shares of Cricut in a report on Monday, April 14th.

Insider Buying and Selling at Cricut

In other Cricut news, CEO Arora Ashish sold 23,813 shares of Cricut stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $5.40, for a total value of $128,590.20. Following the transaction, the chief executive officer now owns 3,307,822 shares in the company, valued at approximately $17,862,238.80. The trade was a 0.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In the last three months, insiders sold 365,009 shares of company stock valued at $2,156,294. 18.61% of the stock is owned by insiders.

About Cricut

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.