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

Essex Investment Management Co. LLC acquired a new stake in CuriosityStream Inc. (NASDAQ:CURI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 622,310 shares of the company’s stock, valued at approximately $3,298,000. Essex Investment Management Co. LLC owned about 1.07% of CuriosityStream at the end of the most recent reporting period.

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

Insider Activity

In other news, Director Jonathan Huberman sold 14,116 shares of the company’s stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $5.00, for a total value of $70,580.00. Following the completion of the transaction, the director directly owned 1,210,169 shares in the company, valued at approximately $6,050,845. This represents a 1.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Clinton Larry Stinchcomb sold 141,206 shares of CuriosityStream stock in a transaction on Monday, November 24th. The stock was sold at an average price of $4.65, for a total transaction of $656,607.90. Following the sale, the chief executive officer directly owned 2,517,998 shares in the company, valued at $11,708,690.70. This trade represents a 5.31% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 377,729 shares of company stock valued at $1,767,506. 52.00% of the stock is currently owned by company insiders.

CuriosityStream Trading Down 0.3%

Shares of CURI stock opened at $3.29 on Tuesday. The company’s fifty day simple moving average is $3.89 and its 200-day simple moving average is $4.34. CuriosityStream Inc. has a 52 week low of $2.06 and a 52 week high of $7.15. The company has a market cap of $191.81 million, a PE ratio of -36.55 and a beta of 1.84.

CuriosityStream (NASDAQ:CURI) last released its quarterly earnings data 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 company had revenue of $18.36 million during the quarter, compared to analysts’ expectations of $16.35 million. Equities research analysts expect that CuriosityStream Inc. will post -0.2 EPS for the current fiscal year.

CuriosityStream Announces Dividend

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

Wall Street Analysts Forecast Growth

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