Renaissance Technologies LLC Boosts Stock Holdings in CuriosityStream Inc. (NASDAQ:CURI)

Renaissance Technologies LLC grew its holdings in shares of CuriosityStream Inc. (NASDAQ:CURI) by 28.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 402,126 shares of the company’s stock after purchasing an additional 90,126 shares during the period. Renaissance Technologies LLC owned approximately 0.75% of CuriosityStream worth $458,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CURI. Oldfield Partners LLP acquired a new position in CuriosityStream during the second quarter worth about $417,000. Virtu Financial LLC grew its holdings in shares of CuriosityStream by 782.8% in the 1st quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock worth $162,000 after acquiring an additional 134,132 shares during the period. CWM LLC increased its stake in CuriosityStream by 6,399.4% in the 2nd quarter. CWM LLC now owns 72,468 shares of the company’s stock valued at $83,000 after purchasing an additional 71,353 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new position in CuriosityStream during the second quarter worth $27,000. 6.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

CuriosityStream Price Performance

CuriosityStream stock opened at $2.21 on Friday. The stock has a market capitalization of $120.67 million, a P/E ratio of -2.54 and a beta of 1.19. CuriosityStream Inc. has a 12-month low of $0.45 and a 12-month high of $2.38. The firm’s 50-day moving average is $1.56 and its two-hundred day moving average is $1.27.

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

CuriosityStream Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Saturday, October 12th will be given a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a yield of 4.52%. The ex-dividend date is Friday, October 11th. CuriosityStream’s dividend payout ratio (DPR) is -11.49%.

Insiders Place Their Bets

In related news, Director Jonathan Huberman sold 120,861 shares of CuriosityStream stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $1.47, for a total value of $177,665.67. Following the transaction, the director now owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Michael Nikzad sold 32,226 shares of CuriosityStream stock in a transaction dated Thursday, August 22nd. The stock was sold at an average price of $1.20, for a total value of $38,671.20. Following the completion of the transaction, the director now directly owns 217,774 shares in the company, valued at approximately $261,328.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan Huberman sold 120,861 shares of the firm’s 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 owns 1,433,576 shares in the company, valued at approximately $2,107,356.72. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 283,673 shares of company stock valued at $379,977 over the last quarter. Company insiders own 49.60% of the company’s stock.

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.