Renaissance Technologies LLC Has $5.24 Million Stake in CuriosityStream Inc. $CURI

Renaissance Technologies LLC raised its position in CuriosityStream Inc. (NASDAQ:CURI) by 30.1% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 1,768,800 shares of the company’s stock after buying an additional 408,900 shares during the quarter. Renaissance Technologies LLC’s holdings in CuriosityStream were worth $5,236,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue bought a new stake in shares of CuriosityStream during the 4th quarter worth approximately $35,000. Mangrove Partners IM LLC bought a new position in CuriosityStream in the fourth quarter valued at approximately $42,000. Quarry LP bought a new position in CuriosityStream in the third quarter valued at approximately $45,000. Schonfeld Strategic Advisors LLC raised its position in CuriosityStream by 30.8% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock valued at $50,000 after purchasing an additional 3,115 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new position in CuriosityStream during the first quarter valued at approximately $53,000. 6.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CURI. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of CuriosityStream in a report on Tuesday, June 9th. Singular Research raised CuriosityStream to a “strong-buy” rating in a report on Monday, June 1st. Finally, Barrington Research dropped their price objective on CuriosityStream from $5.50 to $5.00 and set an “outperform” rating for the company in a research report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, CuriosityStream presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

Insider Activity

In other news, CEO Clinton Larry Stinchcomb purchased 94,256 shares of CuriosityStream stock in a transaction dated Wednesday, May 27th. The shares were bought at an average cost of $2.74 per share, for a total transaction of $258,261.44. Following the completion of the acquisition, the chief executive officer owned 2,945,516 shares in the company, valued at approximately $8,070,713.84. This trade represents a 3.31% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Patrick J. Keeley sold 31,559 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $2.70, for a total value of $85,209.30. Following the completion of the transaction, the director directly owned 188,450 shares of the company’s stock, valued at $508,815. This represents a 14.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 31.10% of the company’s stock.

CuriosityStream Price Performance

CURI stock opened at $2.61 on Thursday. The stock has a market cap of $153.91 million, a price-to-earnings ratio of -20.08 and a beta of 1.77. The company has a 50 day simple moving average of $2.66 and a 200 day simple moving average of $3.03. CuriosityStream Inc. has a 1 year low of $2.30 and a 1 year high of $5.51.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.02). The firm had revenue of $15.16 million for 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%. On average, equities research analysts anticipate that CuriosityStream Inc. will post 0.07 EPS for the current fiscal year.

CuriosityStream Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, June 5th. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. This represents a $0.34 dividend on an annualized basis and a dividend yield of 13.0%. CuriosityStream’s payout ratio is -261.54%.

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.