Insider Buying: CuriosityStream Inc. (NASDAQ:CURI) CEO Purchases $42,372.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb bought 39,600 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were bought at an average cost of $1.07 per share, for a total transaction of $42,372.00. Following the purchase, the chief executive officer now owns 246,564 shares of the company’s stock, valued at approximately $263,823.48. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CuriosityStream Stock Up 2.9 %

NASDAQ CURI opened at $1.08 on Friday. The firm’s fifty day moving average price is $1.06 and its two-hundred day moving average price is $0.73. CuriosityStream Inc. has a fifty-two week low of $0.45 and a fifty-two week high of $1.55.

CuriosityStream (NASDAQ:CURI) last posted its earnings results on Tuesday, May 7th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.04). CuriosityStream had a negative return on equity of 34.10% and a negative net margin of 81.73%. As a group, sell-side analysts expect that CuriosityStream Inc. will post -0.19 earnings per share for the current year.

CuriosityStream Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th will be issued a dividend of $0.025 per share. The ex-dividend date is Friday, July 12th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 9.26%. CuriosityStream’s dividend payout ratio (DPR) is presently -11.49%.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $1.35 target price on shares of CuriosityStream in a research note on Tuesday, May 21st.

Hedge Funds Weigh In On CuriosityStream

A hedge fund recently raised its stake in CuriosityStream stock. Virtu Financial LLC lifted its holdings in shares of CuriosityStream Inc. (NASDAQ:CURI) by 782.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 151,267 shares of the company’s stock after purchasing an additional 134,132 shares during the period. Virtu Financial LLC owned 0.28% of CuriosityStream worth $162,000 as of its most recent filing with the SEC. 6.79% of the stock is currently owned by institutional investors and hedge funds.

About CuriosityStream

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.