CuriosityStream Inc. $CURI Stock Sold by Penbrook Management LLC

Penbrook Management LLC decreased its position in CuriosityStream Inc. (NASDAQ:CURI) by 49.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 388,550 shares of the company’s stock after selling 376,250 shares during the quarter. Penbrook Management LLC owned 0.65% of CuriosityStream worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in CuriosityStream during the second quarter valued at approximately $25,000. Diversify Wealth Management LLC purchased a new position in shares of CuriosityStream during the first quarter worth approximately $53,000. R Squared Ltd raised its stake in shares of CuriosityStream by 119.7% during the first quarter. R Squared Ltd now owns 44,485 shares of the company’s stock worth $132,000 after acquiring an additional 24,240 shares in the last quarter. Sei Investments Co. lifted its holdings in shares of CuriosityStream by 139.1% in the 1st quarter. Sei Investments Co. now owns 232,371 shares of the company’s stock worth $688,000 after acquiring an additional 135,173 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of CuriosityStream by 117.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 233,340 shares of the company’s stock worth $690,000 after acquiring an additional 125,794 shares during the last quarter. Institutional investors own 6.79% of the company’s stock.

CuriosityStream Trading Down 3.7%

NASDAQ CURI opened at $2.61 on Friday. CuriosityStream Inc. has a 1-year low of $2.30 and a 1-year high of $5.10. The stock has a 50-day moving average of $2.85 and a 200-day moving average of $2.84. The firm has a market cap of $154.88 million, a PE ratio of 261.00 and a beta of 1.71.

CuriosityStream (NASDAQ:CURI) last issued its earnings results on Wednesday, August 12th. The company reported $0.15 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.11. CuriosityStream had a return on equity of 0.06% and a net margin of 0.03%. The company had revenue of $23.25 million during the quarter, compared to analysts’ expectations of $21.32 million. As a group, equities research analysts forecast that CuriosityStream Inc. will post 0.20 earnings per share for the current fiscal year.

CuriosityStream Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were given a $0.0850 dividend. The ex-dividend date was Friday, September 4th. This represents a $0.34 annualized dividend and a yield of 13.0%. CuriosityStream’s payout ratio is presently 3,400.00%.

Insiders Place Their Bets

In related news, CEO Clinton Stinchcomb acquired 20,000 shares of the company’s stock in a transaction dated Friday, August 28th. The stock was purchased at an average price of $2.60 per share, with a total value of $52,000.00. Following the completion of the purchase, the chief executive officer owned 3,021,260 shares in the company, valued at $7,855,276. This trade represents a 0.67% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 31.10% of the company’s stock.

Analysts Set New Price Targets

CURI has been the subject of a number of research reports. Weiss Ratings cut shares of CuriosityStream from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, October 8th. Zacks Research raised shares of CuriosityStream from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 13th. Finally, Wall Street Zen upgraded shares of CuriosityStream from a “hold” rating to a “buy” rating in a research report on Saturday, August 15th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, CuriosityStream has an average rating of “Buy” and an average price target of $5.00.

About CuriosityStream

CuriosityStream Inc (NASDAQ:CURI) is a factual-media and streaming company focused on science, technology, history, nature and related educational content. Its flagship service, Curiosity Stream, offers on-demand documentaries, series and other nonfiction programming through its website, mobile applications, connected-TV platforms and distribution partners.

The company also develops and distributes educational and factual programming through digital products and branded content offerings.