Clinton Larry Stinchcomb Buys 94,256 Shares of CuriosityStream (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb bought 94,256 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of $2.74 per share, with a total value of $258,261.44. Following the completion of the acquisition, the chief executive officer directly owned 2,945,516 shares of the company’s stock, valued at approximately $8,070,713.84. The trade was a 3.31% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

CuriosityStream Stock Performance

Shares of CuriosityStream stock opened at $2.86 on Friday. The stock has a market capitalization of $168.65 million, a PE ratio of -22.00 and a beta of 1.82. CuriosityStream Inc. has a 52-week low of $2.30 and a 52-week high of $7.15. The company has a 50-day simple moving average of $3.06 and a two-hundred day simple moving average of $3.54.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). The business had revenue of $15.16 million during the quarter, compared to analysts’ expectations of $16.79 million. CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. As a group, equities research analysts forecast that CuriosityStream Inc. will post 0.08 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be issued a dividend of $0.085 per share. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a dividend yield of 11.9%. CuriosityStream’s dividend payout ratio is presently -246.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CURI shares. Barrington Research decreased their price objective on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a report on Friday, May 15th. Zacks Research raised shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Weiss Ratings raised shares of CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, March 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, CuriosityStream has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC raised its holdings in shares of CuriosityStream by 30.1% during the first quarter. Renaissance Technologies LLC now owns 1,768,800 shares of the company’s stock valued at $5,236,000 after purchasing an additional 408,900 shares during the last quarter. Sei Investments Co. grew its position in CuriosityStream by 139.1% during the first quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock valued at $688,000 after buying an additional 135,173 shares during the period. Dimensional Fund Advisors LP grew its position in CuriosityStream by 117.0% during the first quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock valued at $690,000 after buying an additional 125,794 shares during the period. Bank of New York Mellon Corp grew its position in CuriosityStream by 6.0% during the first quarter. Bank of New York Mellon Corp now owns 446,617 shares of the company’s stock valued at $1,322,000 after buying an additional 25,366 shares during the period. Finally, Diversify Wealth Management LLC bought a new stake in CuriosityStream during the first quarter valued at approximately $53,000. 6.79% of the stock is owned by hedge funds and other institutional investors.

About CuriosityStream

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.