CuriosityStream Inc. (NASDAQ:CURI) Major Shareholder Sells $100,394.00 in Stock

CuriosityStream Inc. (NASDAQ:CURI) major shareholder Hendricks Factual Media Llc sold 99,400 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $1.01, for a total value of $100,394.00. Following the completion of the sale, the insider now directly owns 21,256,788 shares of the company’s stock, valued at $21,469,355.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CuriosityStream Stock Performance

Shares of NASDAQ CURI opened at $0.96 on Thursday. CuriosityStream Inc. has a twelve month low of $0.45 and a twelve month high of $1.64. The stock’s 50 day moving average price is $0.56 and its 200-day moving average price is $0.59.

CuriosityStream Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be paid a $0.025 dividend. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 10.42%.

Hedge Funds Weigh In On CuriosityStream

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of CuriosityStream by 13.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,426,844 shares of the company’s stock worth $2,083,000 after buying an additional 172,894 shares during the last quarter. Renaissance Technologies LLC lifted its stake in CuriosityStream by 226.4% in the second quarter. Renaissance Technologies LLC now owns 581,500 shares of the company’s stock valued at $983,000 after purchasing an additional 403,330 shares during the last quarter. Millennium Management LLC purchased a new position in CuriosityStream in the second quarter valued at approximately $556,000. Geode Capital Management LLC lifted its stake in CuriosityStream by 43.1% in the second quarter. Geode Capital Management LLC now owns 314,853 shares of the company’s stock valued at $294,000 after purchasing an additional 94,854 shares during the last quarter. Finally, AQR Capital Management LLC purchased a new position in CuriosityStream in the second quarter valued at approximately $145,000. Hedge funds and other institutional investors own 6.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC decreased their price objective on CuriosityStream from $1.50 to $1.25 and set a “buy” rating for the company in a report on Thursday, March 21st.

CuriosityStream Company Profile

CuriosityStream Inc operates as a factual content streaming service and media company. The company provides premium video 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, content licensing, brand sponsorship and advertising, talks and courses, and partner bulk sales.