Penn Mutual Asset Management Buys New Shares in CuriosityStream Inc. $CURI

Key Points

• Penn Mutual Asset Management has acquired a new stake in CuriosityStream Inc. worth approximately $657,000, making it the firm's 18th largest position.
• CEO Clinton Larry Stinchcomb sold 252,486 shares of CuriosityStream stock, representing a 10.80% decrease in his position.
• The company announced a quarterly dividend of $0.08 per share, providing a yield of 7.9%, despite having a negative dividend payout ratio.

Penn Mutual Asset Management purchased a new position in CuriosityStream Inc. (NASDAQ:CURI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 245,289 shares of the company's stock, valued at approximately $657,000. CuriosityStream accounts for approximately 1.3% of Penn Mutual Asset Management's investment portfolio, making the stock its 18th biggest position. Penn Mutual Asset Management owned about 0.43% of CuriosityStream as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Focus Partners Wealth bought a new stake in CuriosityStream in the 4th quarter valued at about $28,000. Merit Financial Group LLC acquired a new stake in CuriosityStream in the 1st quarter valued at $29,000. Algert Global LLC bought a new stake in shares of CuriosityStream during the first quarter worth about $39,000. Cubist Systematic Strategies LLC increased its holdings in CuriosityStream by 65.3% during the 4th quarter. Cubist Systematic Strategies LLC now owns 27,130 shares of the company's stock worth $42,000 after purchasing an additional 10,722 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in CuriosityStream by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 330,615 shares of the company's stock valued at $506,000 after buying an additional 7,669 shares during the last quarter. Institutional investors and hedge funds own 6.79% of the company's stock.

Insiders Place Their Bets

In other CuriosityStream news, Director John S. Hendricks sold 8,050,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $3.50, for a total value of $28,175,000.00. Following the completion of the sale, the director owned 12,206,188 shares in the company, valued at approximately $42,721,658. This trade represents a 39.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Clinton Larry Stinchcomb sold 80,000 shares of the firm's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $4.70, for a total value of $376,000.00. Following the transaction, the chief executive officer directly owned 2,005,827 shares of the company's stock, valued at $9,427,386.90. This represents a 3.84% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 8,982,486 shares of company stock worth $32,820,504. Insiders own 52.00% of the company's stock.

CuriosityStream Trading Up 5.2%

Shares of CURI stock traded up $0.21 on Wednesday, hitting $4.26. 655,069 shares of the stock were exchanged, compared to its average volume of 589,054. The firm's 50 day moving average is $4.69 and its two-hundred day moving average is $4.00. CuriosityStream Inc. has a one year low of $1.13 and a one year high of $7.15. The firm has a market capitalization of $246.78 million, a PE ratio of -47.33 and a beta of 1.74.

CuriosityStream (NASDAQ:CURI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $19.01 million during the quarter, compared to analysts' expectations of $16.75 million. CuriosityStream had a negative return on equity of 8.37% and a negative net margin of 7.84%. CuriosityStream has set its Q3 2025 guidance at EPS. On average, sell-side analysts expect that CuriosityStream Inc. will post -0.2 earnings per share for the current year.

CuriosityStream Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Friday, September 5th will be given a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $0.32 annualized dividend and a yield of 7.5%. CuriosityStream's dividend payout ratio is presently -355.56%.

Analyst Ratings Changes

CURI has been the topic of several analyst reports. Craig Hallum assumed coverage on shares of CuriosityStream in a report on Monday. They set a "buy" rating and a $7.00 price target on the stock. Barrington Research restated an "outperform" rating and issued a $6.00 target price on shares of CuriosityStream in a research note on Wednesday, August 6th. Finally, Needham & Company LLC increased their price target on CuriosityStream from $4.80 to $5.50 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, CuriosityStream has an average rating of "Buy" and an average price target of $6.17.

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.