Shutterstock, Inc. (NYSE:SSTK) Shares Acquired by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. increased its position in Shutterstock, Inc. (NYSE:SSTK - Free Report) by 50.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 63,000 shares of the business services provider's stock after acquiring an additional 21,000 shares during the period. Hussman Strategic Advisors Inc. owned about 0.18% of Shutterstock worth $1,912,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SSTK. State Street Corp raised its stake in shares of Shutterstock by 1.4% in the third quarter. State Street Corp now owns 966,694 shares of the business services provider's stock worth $34,192,000 after purchasing an additional 13,039 shares during the last quarter. Geode Capital Management LLC raised its position in Shutterstock by 4.6% in the 3rd quarter. Geode Capital Management LLC now owns 573,128 shares of the business services provider's stock worth $20,275,000 after buying an additional 25,050 shares during the last quarter. Rice Hall James & Associates LLC lifted its stake in Shutterstock by 3.4% during the 4th quarter. Rice Hall James & Associates LLC now owns 547,520 shares of the business services provider's stock valued at $16,617,000 after acquiring an additional 18,133 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Shutterstock by 4.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 320,895 shares of the business services provider's stock valued at $11,350,000 after acquiring an additional 13,539 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Shutterstock in the third quarter worth approximately $8,493,000. 82.79% of the stock is owned by institutional investors.

Shutterstock Trading Down 3.7 %

SSTK stock traded down $0.98 during midday trading on Friday, reaching $25.33. The company's stock had a trading volume of 525,692 shares, compared to its average volume of 754,114. The firm has a market capitalization of $883.11 million, a price-to-earnings ratio of 24.84 and a beta of 1.08. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.42 and a current ratio of 0.42. Shutterstock, Inc. has a 1 year low of $25.13 and a 1 year high of $54.40. The stock has a fifty day simple moving average of $29.96 and a two-hundred day simple moving average of $32.00.

Shutterstock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.33 per share. The ex-dividend date is Thursday, March 6th. This represents a $1.32 dividend on an annualized basis and a yield of 5.21%. This is a positive change from Shutterstock's previous quarterly dividend of $0.30. Shutterstock's dividend payout ratio is currently 117.65%.

Wall Street Analysts Forecast Growth

SSTK has been the subject of a number of research analyst reports. Truist Financial cut their target price on shares of Shutterstock from $65.00 to $56.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. StockNews.com initiated coverage on Shutterstock in a report on Wednesday. They issued a "hold" rating on the stock. Needham & Company LLC dropped their price target on shares of Shutterstock from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Monday, January 13th. Finally, JMP Securities reiterated a "market perform" rating on shares of Shutterstock in a research note on Monday, January 6th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Shutterstock presently has a consensus rating of "Hold" and a consensus target price of $50.33.

Shutterstock Profile

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.