CuriosityStream Inc. $CURI Stock Sold by Penbrook Management LLC

Penbrook Management LLC lessened its position in CuriosityStream Inc. (NASDAQ:CURI) by 49.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 388,550 shares of the company’s stock after selling 376,250 shares during the period. Penbrook Management LLC’s holdings in CuriosityStream were worth $1,131,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CURI. Renaissance Technologies LLC increased its position in shares of CuriosityStream by 30.1% in the first quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock valued at $5,236,000 after acquiring an additional 408,900 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of CuriosityStream by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock worth $1,322,000 after purchasing an additional 25,366 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of CuriosityStream by 117.0% during the first quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock worth $690,000 after purchasing an additional 125,794 shares during the period. Sei Investments Co. boosted its holdings in shares of CuriosityStream by 139.1% during the first quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock worth $688,000 after purchasing an additional 135,173 shares during the period. Finally, R Squared Ltd boosted its holdings in shares of CuriosityStream by 119.7% during the first quarter. R Squared Ltd now owns 44,485 shares of the company’s stock worth $132,000 after purchasing an additional 24,240 shares during the period. Hedge funds and other institutional investors own 6.79% of the company’s stock.

CuriosityStream Stock Down 3.7%

Shares of CURI stock opened at $2.61 on Friday. The firm has a market capitalization of $154.88 million, a price-to-earnings ratio of 261.00 and a beta of 1.71. The stock has a fifty day moving average of $2.85 and a 200 day moving average of $2.84. CuriosityStream Inc. has a 52 week low of $2.30 and a 52 week high of $5.10.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. CuriosityStream had a net margin of 0.03% and a return on equity of 0.06%. The business had revenue of $23.25 million for the quarter, compared to the consensus estimate of $21.32 million. Equities research analysts anticipate that CuriosityStream Inc. will post 0.20 earnings per share for the current year.

CuriosityStream Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.0850 per share. The ex-dividend date was Friday, September 4th. This represents a $0.34 annualized dividend and a dividend yield of 13.0%. CuriosityStream’s payout ratio is currently 3,400.00%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CURI. Wall Street Zen raised CuriosityStream from a “hold” rating to a “buy” rating in a research note on Saturday, August 15th. Zacks Research raised CuriosityStream from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings lowered CuriosityStream from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.00.

Insider Activity

In related news, CEO Clinton Stinchcomb purchased 30,000 shares of CuriosityStream stock in a transaction that occurred on Thursday, August 27th. The shares were bought at an average price of $2.55 per share, for a total transaction of $76,500.00. Following the completion of the transaction, the chief executive officer directly owned 3,001,260 shares of the company’s stock, valued at $7,653,213. This represents a 1.01% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.10% of the stock is owned by corporate insiders.

CuriosityStream Company Profile

CuriosityStream Inc (NASDAQ:CURI) is a factual-media and streaming company focused on science, technology, history, nature and related educational content. Its flagship service, Curiosity Stream, offers on-demand documentaries, series and other nonfiction programming through its website, mobile applications, connected-TV platforms and distribution partners.

The company also develops and distributes educational and factual programming through digital products and branded content offerings.