Algert Global LLC Purchases 4,213 Shares of Cricut, Inc. (NASDAQ:CRCT)

Algert Global LLC grew its position in shares of Cricut, Inc. (NASDAQ:CRCT) by 4.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 97,323 shares of the company’s stock after buying an additional 4,213 shares during the period. Algert Global LLC’s holdings in Cricut were worth $555,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC increased its position in Cricut by 4.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company’s stock worth $280,000 after buying an additional 2,272 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Cricut by 9.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,468 shares of the company’s stock worth $186,000 after purchasing an additional 2,684 shares during the period. Dynamic Technology Lab Private Ltd increased its position in shares of Cricut by 11.0% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 33,846 shares of the company’s stock worth $193,000 after purchasing an additional 3,365 shares during the period. SG Americas Securities LLC increased its position in shares of Cricut by 26.3% in the fourth quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock worth $123,000 after purchasing an additional 4,484 shares during the period. Finally, R Squared Ltd bought a new position in shares of Cricut in the fourth quarter worth $36,000. Institutional investors own 19.60% of the company’s stock.

Insider Activity at Cricut

In other news, CEO Arora Ashish sold 60,000 shares of Cricut stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $5.59, for a total transaction of $335,400.00. Following the sale, the chief executive officer now directly owns 3,391,635 shares of the company’s stock, valued at approximately $18,959,239.65. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 185,009 shares of company stock valued at $1,040,894 over the last ninety days. 18.61% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Morgan Stanley decreased their price target on Cricut from $3.90 to $3.80 and set an “underweight” rating on the stock in a research report on Thursday, March 6th. Citigroup restated a “sell” rating and issued a $4.00 price target (down previously from $6.00) on shares of Cricut in a research report on Monday, April 14th.

Cricut Stock Down 4.5%

NASDAQ:CRCT opened at $6.14 on Monday. The stock’s 50-day simple moving average is $5.07 and its 200 day simple moving average is $5.51. The firm has a market capitalization of $1.31 billion, a PE ratio of 21.93 and a beta of 0.01. Cricut, Inc. has a twelve month low of $3.94 and a twelve month high of $7.58.

Cricut (NASDAQ:CRCT) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.03. The business had revenue of $162.63 million for the quarter, compared to analyst estimates of $158.55 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. On average, analysts anticipate that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be paid a $0.10 dividend. This represents a yield of 3.3%. The ex-dividend date is Monday, July 7th. Cricut’s dividend payout ratio (DPR) is presently 64.52%.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.