Essex Investment Management Co. LLC Buys Shares of 622,310 CuriosityStream Inc. $CURI

Essex Investment Management Co. LLC bought a new stake in shares of CuriosityStream Inc. (NASDAQ:CURI) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 622,310 shares of the company’s stock, valued at approximately $3,298,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. State of Wyoming acquired a new stake in CuriosityStream in the third quarter valued at $331,000. Principal Financial Group Inc. bought a new stake in shares of CuriosityStream in the 3rd quarter worth about $196,000. Penbrook Management LLC raised its stake in shares of CuriosityStream by 358.2% in the 3rd quarter. Penbrook Management LLC now owns 348,700 shares of the company’s stock valued at $1,848,000 after purchasing an additional 272,600 shares in the last quarter. Calamos Advisors LLC bought a new position in shares of CuriosityStream during the third quarter worth about $806,000. Finally, Diversified Trust Co acquired a new position in CuriosityStream in the third quarter worth about $56,000. Institutional investors own 6.79% of the company’s stock.

CuriosityStream Stock Down 0.3%

Shares of NASDAQ:CURI opened at $3.29 on Tuesday. The company’s 50-day moving average price is $3.89 and its 200 day moving average price is $4.34. The company has a market cap of $191.81 million, a PE ratio of -36.55 and a beta of 1.84. CuriosityStream Inc. has a fifty-two week low of $2.06 and a fifty-two week high of $7.15.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Wednesday, November 12th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.04). CuriosityStream had a negative net margin of 8.19% and a negative return on equity of 10.24%. The firm had revenue of $18.36 million during the quarter, compared to analyst estimates of $16.35 million. As a group, equities analysts anticipate that CuriosityStream Inc. will post -0.2 EPS for the current year.

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Stockholders of record on Friday, March 6th will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Friday, March 6th. CuriosityStream’s dividend payout ratio is currently -355.56%.

Insider Activity at CuriosityStream

In related news, Director Jonathan Huberman sold 14,116 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of $5.00, for a total transaction of $70,580.00. Following the sale, the director owned 1,210,169 shares of the company’s stock, valued at $6,050,845. The trade was a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Phillip Brady Hayden sold 17,474 shares of the company’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $3.76, for a total value of $65,702.24. Following the completion of the sale, the chief financial officer owned 101,667 shares of the company’s stock, valued at $382,267.92. This trade represents a 14.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 377,729 shares of company stock valued at $1,767,506. Insiders own 52.00% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of CuriosityStream in a research report on Monday, December 29th. Zacks Research downgraded shares of CuriosityStream from a “hold” rating to a “strong sell” rating in a research report on Monday, January 12th. Wall Street Zen raised shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $6.00 price objective on shares of CuriosityStream in a research note on Thursday, November 13th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $6.33.

CuriosityStream Company Profile

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.