CuriosityStream Inc. Announces Dividend of $0.08 (NASDAQ:CURI)

CuriosityStream Inc. (NASDAQ:CURI) announced a dividend on Monday, May 5th, NASDAQ Dividends reports. Shareholders of record on Friday, June 6th will be given a dividend of 0.08 per share on Friday, June 20th. The ex-dividend date of this dividend is Friday, June 6th.

CuriosityStream has a dividend payout ratio of 1,066.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect CuriosityStream to earn ($0.03) per share next year, which means the company may not be able to cover its $0.32 annual dividend with an expected future payout ratio of -1,066.7%.

CuriosityStream Trading Down 1.1%

Shares of NASDAQ:CURI traded down $0.08 during trading on Wednesday, reaching $6.80. The company had a trading volume of 117,837 shares, compared to its average volume of 346,988. The company has a fifty day moving average of $4.16 and a two-hundred day moving average of $2.84. The stock has a market capitalization of $391.57 million, a P/E ratio of -24.23 and a beta of 1.38. CuriosityStream has a 12 month low of $0.98 and a 12 month high of $7.15.

CuriosityStream (NASDAQ:CURI) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. CuriosityStream had a negative net margin of 28.56% and a negative return on equity of 22.18%. The firm had revenue of $15.09 million for the quarter, compared to analyst estimates of $14.95 million. As a group, equities research analysts predict that CuriosityStream will post -0.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Needham & Company LLC increased their target price on shares of CuriosityStream from $2.95 to $4.80 and gave the company a “buy” rating in a report on Wednesday, May 7th. Barrington Research raised shares of CuriosityStream from a “market perform” rating to an “outperform” rating and set a $6.00 target price on the stock in a report on Wednesday, May 7th.

Institutional Investors Weigh In On CuriosityStream

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC grew its holdings in CuriosityStream by 101.7% in the 1st quarter. Cubist Systematic Strategies LLC now owns 54,712 shares of the company’s stock worth $147,000 after acquiring an additional 27,582 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of CuriosityStream by 657.3% during the first quarter. Goldman Sachs Group Inc. now owns 125,743 shares of the company’s stock valued at $337,000 after buying an additional 109,138 shares during the period. Jane Street Group LLC purchased a new position in shares of CuriosityStream during the first quarter valued at about $486,000. Finally, Acadian Asset Management LLC increased its position in shares of CuriosityStream by 121.8% during the first quarter. Acadian Asset Management LLC now owns 198,278 shares of the company’s stock valued at $529,000 after buying an additional 108,891 shares during the period. Institutional investors own 6.79% of the company’s stock.

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.