Informed Momentum Co LLC Makes New $788,000 Investment in CuriosityStream Inc. (NASDAQ:CURI)

Key Points

• Informed Momentum Co LLC has taken a new position in CuriosityStream Inc., acquiring 293,992 shares valued at approximately $788,000.
• CuriosityStream recently reported a positive revenue of $19.01 million for the quarter, exceeding consensus estimates of $16.75 million.
• The company announced a $0.08 quarterly dividend, translating to a yield of 7.9%, although its payout ratio remains at -355.56%.

Informed Momentum Co LLC acquired a new position in CuriosityStream Inc. (NASDAQ:CURI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 293,992 shares of the company's stock, valued at approximately $788,000. Informed Momentum Co LLC owned 0.51% of CuriosityStream at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock worth $506,000 after buying an additional 7,669 shares during the period. Renaissance Technologies LLC grew its stake in CuriosityStream by 9.7% during the 4th quarter. Renaissance Technologies LLC now owns 470,900 shares of the company's stock valued at $720,000 after purchasing an additional 41,454 shares during the last quarter. Manatuck Hill Partners LLC grew its stake in CuriosityStream by 14.4% during the 4th quarter. Manatuck Hill Partners LLC now owns 550,000 shares of the company's stock valued at $842,000 after purchasing an additional 69,100 shares during the last quarter. Cubist Systematic Strategies LLC grew its stake in CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock valued at $42,000 after purchasing an additional 10,722 shares during the last quarter. Finally, Focus Partners Wealth purchased a new stake in shares of CuriosityStream in the fourth quarter worth about $28,000. 6.79% of the stock is owned by institutional investors.

Insider Transactions at CuriosityStream

In other CuriosityStream news, CEO Clinton Larry Stinchcomb sold 252,486 shares of CuriosityStream stock in a transaction on Friday, June 13th. The stock was sold at an average price of $4.68, for a total value of $1,181,634.48. Following the sale, the chief executive officer owned 2,085,827 shares in the company, valued at $9,761,670.36. The trade was a 10.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John S. Hendricks sold 150,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $5.20, for a total value of $780,000.00. Following the completion of the transaction, the director directly owned 20,570,585 shares in the company, valued at approximately $106,967,042. This trade represents a 0.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 932,486 shares of company stock worth $4,645,504 over the last ninety days. 52.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Barrington Research reaffirmed an "outperform" rating and issued a $6.00 price target on shares of CuriosityStream in a report on Wednesday, August 6th. Needham & Company LLC upped their target price on CuriosityStream from $4.80 to $5.50 and gave the stock a "buy" rating in a research note on Wednesday, August 6th.

CuriosityStream Stock Down 4.5%

Shares of CuriosityStream stock traded down $0.19 during mid-day trading on Friday, reaching $4.03. 772,905 shares of the stock traded hands, compared to its average volume of 586,840. The business has a 50-day moving average of $4.78 and a 200 day moving average of $3.95. CuriosityStream Inc. has a fifty-two week low of $1.08 and a fifty-two week high of $7.15. The stock has a market capitalization of $232.25 million, a PE ratio of -44.77 and a beta of 1.74.

CuriosityStream (NASDAQ:CURI - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. CuriosityStream had a negative return on equity of 8.37% and a negative net margin of 7.84%. The business had revenue of $19.01 million during the quarter, compared to analyst estimates of $16.75 million. On average, equities research analysts expect that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.32 dividend on an annualized basis and a yield of 7.9%. CuriosityStream's payout ratio is -355.56%.

CuriosityStream Profile

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.