Penbrook Management LLC Boosts Stock Position in CuriosityStream Inc. $CURI

Penbrook Management LLC grew its position in CuriosityStream Inc. (NASDAQ:CURI) by 94.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 675,150 shares of the company’s stock after purchasing an additional 327,850 shares during the period. CuriosityStream makes up 1.5% of Penbrook Management LLC’s holdings, making the stock its 18th largest position. Penbrook Management LLC’s holdings in CuriosityStream were worth $1,998,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CURI. State of Alaska Department of Revenue acquired a new stake in shares of CuriosityStream during the fourth quarter worth about $35,000. Mangrove Partners IM LLC acquired a new position in CuriosityStream in the 4th quarter worth approximately $42,000. Quarry LP acquired a new position in CuriosityStream in the 3rd quarter worth approximately $45,000. Schonfeld Strategic Advisors LLC raised its position in CuriosityStream by 30.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 13,235 shares of the company’s stock worth $50,000 after buying an additional 3,115 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in CuriosityStream during the 2nd quarter worth approximately $64,000. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CuriosityStream

In related news, Director Patrick J. Keeley sold 31,559 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $2.70, for a total transaction of $85,209.30. Following the sale, the director directly owned 188,450 shares of the company’s stock, valued at approximately $508,815. This represents a 14.34% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Phillip Brady Hayden sold 30,400 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $2.56, for a total transaction of $77,824.00. Following the sale, the chief financial officer directly owned 71,267 shares in the company, valued at $182,443.52. This trade represents a 29.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 31.10% of the company’s stock.

CuriosityStream Stock Down 1.6%

CuriosityStream stock opened at $2.44 on Friday. The firm has a market cap of $143.89 million, a price-to-earnings ratio of -18.77 and a beta of 1.75. CuriosityStream Inc. has a 52 week low of $2.30 and a 52 week high of $5.67. The business’s 50-day moving average price is $2.91 and its 200 day moving average price is $3.30.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.02). CuriosityStream had a negative return on equity of 18.46% and a negative net margin of 11.26%.The company had revenue of $15.16 million during the quarter, compared to the consensus estimate of $16.79 million. Equities analysts expect that CuriosityStream Inc. will post 0.07 EPS for the current year.

CuriosityStream Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 19th. Stockholders of record on Friday, June 5th were issued a dividend of $0.085 per share. This is a positive change from CuriosityStream’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Friday, June 5th. This represents a $0.34 annualized dividend and a dividend yield of 13.9%. CuriosityStream’s payout ratio is presently -261.54%.

Wall Street Analysts Forecast Growth

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

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.