CuriosityStream Inc. (NASDAQ:CURI – Get Free Report) declared a quarterly dividend on Wednesday, November 12th. Investors of record on Friday, December 5th will be paid a dividend of 0.08 per share on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Friday, December 5th.
CuriosityStream has a dividend payout ratio of 1,066.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CuriosityStream to earn ($0.03) per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of -1,066.7%.
CuriosityStream Stock Performance
Shares of CURI stock opened at $3.76 on Thursday. CuriosityStream has a 52-week low of $1.47 and a 52-week high of $7.15. The stock has a market cap of $217.82 million, a price-to-earnings ratio of -41.77 and a beta of 1.80. The firm’s 50-day moving average is $4.67 and its 200-day moving average is $4.81.
Insiders Place Their Bets
In other CuriosityStream news, CFO Phillip Brady Hayden sold 35,578 shares of CuriosityStream stock in a transaction dated Friday, August 29th. The stock was sold at an average price of $4.41, for a total transaction of $156,898.98. Following the completion of the transaction, the chief financial officer owned 54,474 shares in the company, valued at approximately $240,230.34. The trade was a 39.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan Huberman sold 50,000 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $4.75, for a total value of $237,500.00. Following the completion of the sale, the director directly owned 1,233,576 shares of the company’s stock, valued at approximately $5,859,486. This trade represents a 3.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 278,727 shares of company stock worth $1,263,661 over the last ninety days. Insiders own 52.00% of the company’s stock.
Institutional Investors Weigh In On CuriosityStream
Large investors have recently made changes to their positions in the business. Algert Global LLC bought a new position in CuriosityStream in the 1st quarter worth about $39,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of CuriosityStream during the second quarter valued at about $41,000. Diversified Trust Co purchased a new stake in shares of CuriosityStream in the third quarter worth about $56,000. Wealthcare Advisory Partners LLC purchased a new position in CuriosityStream during the third quarter valued at approximately $64,000. Finally, The Manufacturers Life Insurance Company bought a new stake in CuriosityStream during the 2nd quarter worth approximately $64,000. 6.79% of the stock is owned by hedge funds and other institutional investors.
About CuriosityStream
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.
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