Penbrook Management LLC Purchases Shares of 161,750 CuriosityStream Inc. (NASDAQ:CURI)

Penbrook Management LLC acquired a new stake in CuriosityStream Inc. (NASDAQ:CURI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 161,750 shares of the company’s stock, valued at approximately $247,000.

A number of other hedge funds also recently modified their holdings of CURI. Virtu Financial LLC raised its holdings in CuriosityStream by 115.5% in the 3rd quarter. Virtu Financial LLC now owns 27,812 shares of the company’s stock valued at $53,000 after acquiring an additional 14,905 shares during the period. Delta Financial Group Inc. lifted its holdings in CuriosityStream by 26.4% during the 3rd quarter. Delta Financial Group Inc. now owns 57,405 shares of the company’s stock worth $110,000 after purchasing an additional 12,000 shares during the last quarter. Renaissance Technologies LLC boosted its stake in CuriosityStream by 28.9% in the 2nd 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 period. CWM LLC grew its holdings in CuriosityStream by 310.7% in the 3rd quarter. CWM LLC now owns 297,656 shares of the company’s stock valued at $569,000 after buying an additional 225,188 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in CuriosityStream by 21.2% during the 3rd quarter. Geode Capital Management LLC now owns 322,946 shares of the company’s stock worth $617,000 after buying an additional 56,402 shares during the period. Institutional investors and hedge funds own 6.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC upped their price target on shares of CuriosityStream from $1.35 to $3.00 and gave the company a “buy” rating in a research note on Thursday, November 7th.

CuriosityStream Trading Down 1.4 %

NASDAQ CURI opened at $2.14 on Thursday. The company has a 50 day moving average of $1.76 and a 200-day moving average of $1.71. CuriosityStream Inc. has a 1-year low of $0.45 and a 1-year high of $3.00.

CuriosityStream (NASDAQ:CURI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.05). The company had revenue of $12.60 million during the quarter, compared to analyst estimates of $13.80 million. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. During the same period in the prior year, the firm earned ($0.14) earnings per share. Sell-side analysts expect that CuriosityStream Inc. will post -0.2 earnings per share for the current fiscal year.

CuriosityStream Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.025 per share. The ex-dividend date is Friday, March 14th. This represents a $0.10 dividend on an annualized basis and a yield of 4.67%. CuriosityStream’s payout ratio is -35.71%.

Insider Buying and Selling at CuriosityStream

In other CuriosityStream news, CEO Clinton Larry Stinchcomb bought 17,877 shares of CuriosityStream stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $1.68 per share, with a total value of $30,033.36. Following the acquisition, the chief executive officer now owns 2,155,306 shares in the company, valued at $3,620,914.08. This trade represents a 0.84 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 21,220 shares of company stock valued at $35,589 in the last ninety days. 49.60% of the stock is currently owned by company insiders.

CuriosityStream Company 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.