Clinton Larry Stinchcomb Buys 94,256 Shares of CuriosityStream (NASDAQ:CURI) Stock

CuriosityStream Inc. (NASDAQ:CURI) CEO Clinton Larry Stinchcomb bought 94,256 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of $2.74 per share, for a total transaction of $258,261.44. Following the acquisition, the chief executive officer directly owned 2,945,516 shares of the company’s stock, valued at $8,070,713.84. The trade was a 3.31% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CuriosityStream Trading Up 4.7%

CURI stock traded up $0.13 on Friday, hitting $2.87. The company had a trading volume of 615,042 shares, compared to its average volume of 475,327. CuriosityStream Inc. has a 12-month low of $2.30 and a 12-month high of $7.15. The stock’s 50-day simple moving average is $3.07 and its 200 day simple moving average is $3.55. The stock has a market cap of $169.24 million, a price-to-earnings ratio of -22.08 and a beta of 1.82.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Thursday, May 14th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.02). CuriosityStream had a negative net margin of 11.26% and a negative return on equity of 18.46%. The company had revenue of $15.16 million for the quarter, compared to analysts’ expectations of $16.79 million. Research analysts forecast that CuriosityStream Inc. will post 0.08 earnings per share for the current year.

CuriosityStream Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 19th. Stockholders of record on Friday, June 5th will be paid a dividend of $0.085 per share. The ex-dividend date is Friday, June 5th. This represents a $0.34 annualized dividend and a dividend yield of 11.8%. This is a boost from CuriosityStream’s previous quarterly dividend of $0.08. CuriosityStream’s dividend payout ratio is -246.15%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CURI. Zacks Research upgraded shares of CuriosityStream from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Weiss Ratings upgraded shares of CuriosityStream from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, March 13th. Finally, Barrington Research dropped their price target on shares of CuriosityStream from $5.50 to $5.00 and set an “outperform” rating on the stock in a research note on Friday, May 15th. 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 company’s stock. According to MarketBeat.com, CuriosityStream has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of CURI. Quarry LP bought a new stake in CuriosityStream in the 3rd quarter valued at $45,000. State of Alaska Department of Revenue bought a new stake in CuriosityStream in the 4th quarter valued at $35,000. Schonfeld Strategic Advisors LLC bought a new stake in CuriosityStream in the 3rd quarter valued at $54,000. Mangrove Partners IM LLC bought a new stake in CuriosityStream in the 4th quarter valued at $42,000. Finally, The Manufacturers Life Insurance Company bought a new stake in CuriosityStream in the 2nd quarter valued at $64,000. Hedge funds and other institutional investors own 6.79% of the company’s stock.

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.