366,100 Shares in CuriosityStream Inc. (NASDAQ:CURI) Bought by Oldfield Partners LLP

Oldfield Partners LLP bought a new position in CuriosityStream Inc. (NASDAQ:CURI) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 366,100 shares of the company’s stock, valued at approximately $417,000. CuriosityStream makes up 0.1% of Oldfield Partners LLP’s portfolio, making the stock its 24th largest holding. Oldfield Partners LLP owned about 0.68% of CuriosityStream as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new position in CuriosityStream in the second quarter worth $27,000. CWM LLC grew its position in CuriosityStream by 6,399.4% in the second quarter. CWM LLC now owns 72,468 shares of the company’s stock worth $83,000 after acquiring an additional 71,353 shares in the last quarter. Finally, Virtu Financial LLC grew its position in CuriosityStream by 782.8% in the first quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock worth $162,000 after acquiring an additional 134,132 shares in the last quarter. 6.79% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction dated Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total value of $177,665.67. Following the completion of the transaction, the director now directly owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Michael Nikzad sold 27,112 shares of the stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $1.21, for a total value of $32,805.52. Following the completion of the transaction, the director now directly owns 159,883 shares of the company’s stock, valued at $193,458.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total transaction of $177,665.67. Following the completion of the transaction, the director now directly owns 1,433,576 shares of the company’s stock, valued at $2,107,356.72. The disclosure for this sale can be found here. Insiders sold a total of 283,673 shares of company stock valued at $379,977 over the last three months. Corporate insiders own 49.60% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $1.35 target price on shares of CuriosityStream in a research report on Wednesday, August 14th.

CuriosityStream Stock Down 4.5 %

CuriosityStream stock opened at $1.93 on Monday. The company has a market capitalization of $105.38 million, a PE ratio of -2.22 and a beta of 1.18. The firm has a fifty day simple moving average of $1.27 and a two-hundred day simple moving average of $1.10. CuriosityStream Inc. has a twelve month low of $0.45 and a twelve month high of $2.17.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings data on Tuesday, August 13th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01. The firm had revenue of $12.40 million during the quarter, compared to the consensus estimate of $12.30 million. CuriosityStream had a negative net margin of 69.87% and a negative return on equity of 27.47%. During the same period in the prior year, the firm posted ($0.19) earnings per share. As a group, equities analysts expect that CuriosityStream Inc. will post -0.15 earnings per share for the current fiscal year.

CuriosityStream declared that its board has initiated a share buyback program on Tuesday, June 11th that authorizes the company to repurchase $4.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 4.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board of directors believes its shares are undervalued.

CuriosityStream Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Saturday, October 12th will be paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 5.18%. The ex-dividend date of this dividend is Friday, October 11th. CuriosityStream’s dividend payout ratio (DPR) is -11.49%.

CuriosityStream 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.