Cwm LLC Increases Stock Position in CuriosityStream Inc. (NASDAQ:CURI)

CWM LLC increased its position in shares of CuriosityStream Inc. (NASDAQ:CURI - Free Report) by 310.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 297,656 shares of the company's stock after buying an additional 225,188 shares during the period. CWM LLC owned about 0.56% of CuriosityStream worth $569,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Oldfield Partners LLP acquired a new stake in CuriosityStream in the second quarter valued at $417,000. Virtu Financial LLC raised its position in shares of CuriosityStream by 782.8% during the 1st quarter. Virtu Financial LLC now owns 151,267 shares of the company's stock worth $162,000 after acquiring an additional 134,132 shares in the last quarter. Acadian Asset Management LLC purchased a new stake in CuriosityStream during the second quarter worth approximately $27,000. Delta Financial Group Inc. boosted its holdings in CuriosityStream by 26.4% in the third quarter. Delta Financial Group Inc. now owns 57,405 shares of the company's stock valued at $110,000 after purchasing an additional 12,000 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in CuriosityStream by 28.9% in the second quarter. Renaissance Technologies LLC now owns 402,126 shares of the company's stock valued at $458,000 after purchasing an additional 90,126 shares during the last quarter. Institutional investors and hedge funds own 6.79% of the company's stock.

Insiders Place Their Bets

In related news, Director Michael Nikzad sold 32,226 shares of the business's stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total value of $38,671.20. Following the transaction, the director now owns 217,774 shares in the company, valued at $261,328.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other CuriosityStream news, Director Michael Nikzad sold 32,226 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total transaction of $38,671.20. Following the completion of the sale, the director now directly owns 217,774 shares of the company's stock, valued at approximately $261,328.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jonathan Huberman sold 120,861 shares of the business's stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total value of $177,665.67. Following the completion of the transaction, the director now directly owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 283,673 shares of company stock valued at $379,977. Insiders own 49.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC restated a "buy" rating and issued a $1.35 target price on shares of CuriosityStream in a report on Wednesday, August 14th.

CuriosityStream Stock Performance

Shares of CURI stock traded down $0.02 during mid-day trading on Friday, hitting $2.59. 273,041 shares of the stock were exchanged, compared to its average volume of 418,872. The stock's fifty day simple moving average is $1.72 and its two-hundred day simple moving average is $1.33. CuriosityStream Inc. has a 12-month low of $0.45 and a 12-month high of $3.00. The stock has a market capitalization of $138.82 million, a price-to-earnings ratio of -2.98 and a beta of 1.19.

CuriosityStream (NASDAQ:CURI - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.05) by $0.01. The firm had revenue of $12.40 million for the quarter, compared to the consensus estimate of $12.30 million. CuriosityStream had a negative return on equity of 27.47% and a negative net margin of 69.87%. During the same quarter last year, the business posted ($0.19) EPS. On average, research analysts expect that CuriosityStream Inc. will post -0.15 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Saturday, October 12th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Friday, October 11th. CuriosityStream's dividend payout ratio is currently -11.49%.

CuriosityStream Profile

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.