Oldfield Partners LLP Makes New Investment in CuriosityStream Inc. (NASDAQ:CURI)

Oldfield Partners LLP acquired a new position in CuriosityStream Inc. (NASDAQ:CURI) during the second quarter, HoldingsChannel reports. The institutional investor acquired 366,100 shares of the company’s stock, valued at approximately $417,000. CuriosityStream accounts for 0.1% of Oldfield Partners LLP’s portfolio, making the stock its 24th biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of CURI. Acadian Asset Management LLC purchased a new stake in CuriosityStream in the second quarter worth about $27,000. CWM LLC grew its holdings in shares of CuriosityStream by 6,399.4% during the second quarter. CWM LLC now owns 72,468 shares of the company’s stock valued at $83,000 after buying an additional 71,353 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of CuriosityStream by 782.8% during the first quarter. Virtu Financial LLC now owns 151,267 shares of the company’s stock valued at $162,000 after buying an additional 134,132 shares during the last quarter. Hedge funds and other institutional investors own 6.79% of the company’s stock.

CuriosityStream Stock Down 4.5 %

NASDAQ:CURI opened at $1.93 on Monday. The company’s 50 day moving average price is $1.27 and its 200-day moving average price is $1.10. CuriosityStream Inc. has a 52 week low of $0.45 and a 52 week high of $2.17. The stock has a market cap of $105.38 million, a price-to-earnings ratio of -2.22 and a beta of 1.18.

CuriosityStream (NASDAQ:CURI) last posted its quarterly earnings results on Tuesday, August 13th. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $12.40 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the company posted ($0.19) earnings per share. As a group, sell-side analysts anticipate that CuriosityStream Inc. will post -0.15 earnings per share for the current year.

CuriosityStream declared that its board has authorized a stock buyback program on Tuesday, June 11th that allows the company to repurchase $4.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 4.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

CuriosityStream Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, October 11th. This represents a $0.10 dividend on an annualized basis and a yield of 5.18%. CuriosityStream’s dividend payout ratio (DPR) is -11.49%.

Insider Activity at CuriosityStream

In related news, Director Michael Nikzad sold 32,226 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total transaction of $38,671.20. Following the transaction, the director now owns 217,774 shares in the company, valued at $261,328.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael Nikzad sold 32,226 shares of the stock in a transaction that occurred on Thursday, August 22nd. The shares were sold at an average price of $1.20, for a total transaction of $38,671.20. Following the transaction, the director now owns 217,774 shares in the company, valued at $261,328.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jonathan Huberman sold 120,861 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $1.47, for a total transaction 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. The disclosure for this sale can be found here. Insiders have sold a total of 283,673 shares of company stock worth $379,977 over the last quarter. Company insiders own 49.60% of the company’s stock.

Analyst Upgrades and Downgrades

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

CuriosityStream Company 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.