Susquehanna Fundamental Investments LLC Acquires Shares of 97,334 Cricut, Inc. (NASDAQ:CRCT)

Susquehanna Fundamental Investments LLC bought a new position in shares of Cricut, Inc. (NASDAQ:CRCT - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 97,334 shares of the company's stock, valued at approximately $555,000.

A number of other large investors have also recently modified their holdings of the business. R Squared Ltd acquired a new stake in shares of Cricut during the 4th quarter valued at $36,000. Copeland Capital Management LLC acquired a new stake in Cricut during the 4th quarter worth about $63,000. Drive Wealth Management LLC bought a new position in shares of Cricut during the 4th quarter worth approximately $64,000. Olympiad Research LP acquired a new stake in Cricut in the fourth quarter worth $67,000. Finally, Caisse Des Depots ET Consignations bought a new stake in Cricut in the 4th quarter valued at about $72,000. Institutional investors and hedge funds own 19.60% of the company's stock.

Cricut Price Performance

CRCT stock traded down $0.20 during mid-day trading on Friday, reaching $6.23. 327,932 shares of the company traded hands, compared to its average volume of 464,094. Cricut, Inc. has a 52-week low of $3.94 and a 52-week high of $8.40. The company has a market capitalization of $1.32 billion, a P/E ratio of 22.25 and a beta of 0.01. The company has a fifty day moving average price of $5.05 and a 200-day moving average price of $5.52.

Cricut (NASDAQ:CRCT - Get Free Report) last issued its quarterly earnings data 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. Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $162.63 million for the quarter, compared to the consensus estimate of $158.55 million. As a group, analysts forecast that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Cuts Dividend

The business also recently declared a semi-annual dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be paid a $0.10 dividend. The ex-dividend date is Monday, July 7th. This represents a yield of 3.3%. Cricut's dividend payout ratio is presently 68.97%.

Insider Transactions at Cricut

In other news, CEO Arora Ashish sold 60,000 shares of the stock in a transaction dated Friday, February 21st. The stock was sold at an average price of $5.94, for a total transaction of $356,400.00. Following the transaction, the chief executive officer now directly owns 3,451,635 shares in the company, valued at approximately $20,502,711.90. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 185,009 shares of company stock valued at $1,040,894 in the last quarter. Insiders own 18.02% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on CRCT. Morgan Stanley decreased their price objective on Cricut from $3.90 to $3.80 and set an "underweight" rating for the company in a report on Thursday, March 6th. Citigroup reiterated a "sell" rating and issued a $4.00 price objective (down previously from $6.00) on shares of Cricut in a research note 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.