Penbrook Management LLC Purchases 327,850 Shares of CuriosityStream Inc. $CURI

Penbrook Management LLC boosted its position in shares of CuriosityStream Inc. (NASDAQ:CURI) by 94.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 675,150 shares of the company’s stock after purchasing an additional 327,850 shares during the quarter. CuriosityStream comprises about 1.5% of Penbrook Management LLC’s portfolio, making the stock its 18th biggest position. Penbrook Management LLC owned 1.14% of CuriosityStream worth $1,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CuriosityStream by 16.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,978,190 shares of the company’s stock worth $10,484,000 after buying an additional 274,233 shares during the period. Renaissance Technologies LLC increased its stake in shares of CuriosityStream by 31.0% during the fourth quarter. Renaissance Technologies LLC now owns 1,359,900 shares of the company’s stock valued at $5,168,000 after buying an additional 321,700 shares during the period. Geode Capital Management LLC raised its holdings in shares of CuriosityStream by 15.5% in the fourth quarter. Geode Capital Management LLC now owns 865,056 shares of the company’s stock valued at $3,288,000 after acquiring an additional 116,005 shares in the last quarter. State Street Corp raised its holdings in shares of CuriosityStream by 8.0% in the fourth quarter. State Street Corp now owns 714,082 shares of the company’s stock valued at $2,714,000 after acquiring an additional 52,923 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in CuriosityStream by 234.5% during the 4th quarter. Millennium Management LLC now owns 688,041 shares of the company’s stock worth $2,615,000 after acquiring an additional 482,360 shares in the last quarter. 6.79% of the stock is owned by institutional investors.

CuriosityStream Trading Down 1.6%

Shares of CURI stock opened at $2.44 on Friday. The business’s fifty day simple moving average is $2.91 and its 200-day simple moving average is $3.30. The company has a market cap of $143.89 million, a PE ratio of -18.77 and a beta of 1.75. CuriosityStream Inc. has a 12-month low of $2.30 and a 12-month high of $5.67.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.The firm had revenue of $15.16 million during the quarter, compared to analysts’ expectations of $16.79 million. On average, equities analysts forecast that CuriosityStream Inc. will post 0.07 earnings per share for the current year.

CuriosityStream Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a dividend yield of 13.9%. This is an increase from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, June 5th. CuriosityStream’s dividend payout ratio is currently -261.54%.

Insider Activity at CuriosityStream

In related news, Director Patrick J. Keeley sold 31,559 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.70, for a total value of $85,209.30. Following the completion of the transaction, the director directly owned 188,450 shares of the company’s stock, valued at $508,815. This trade represents a 14.34% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Phillip Brady Hayden sold 30,400 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $2.56, for a total transaction of $77,824.00. Following the sale, the chief financial officer directly owned 71,267 shares in the company, valued at approximately $182,443.52. This represents a 29.90% decrease in their position. The SEC filing for this sale provides additional information. 31.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Barrington Research decreased their price objective on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a research note on Friday, May 15th. Finally, Singular Research raised CuriosityStream to a “strong-buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

About CuriosityStream

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.