Campbell & CO Investment Adviser LLC Invests $178,000 in Cricut, Inc. $CRCT

Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cricut, Inc. (NASDAQ:CRCT) during the 2nd quarter, Holdings Channel reports. The fund acquired 26,271 shares of the company’s stock, valued at approximately $178,000.

Other hedge funds have also recently bought and sold shares of the company. Copeland Capital Management LLC grew its stake in Cricut by 16.4% in the 2nd quarter. Copeland Capital Management LLC now owns 13,632 shares of the company’s stock worth $92,000 after acquiring an additional 1,917 shares during the period. XTX Topco Ltd grew its position in shares of Cricut by 6.3% in the first quarter. XTX Topco Ltd now owns 56,003 shares of the company’s stock valued at $288,000 after purchasing an additional 3,326 shares during the period. Jane Street Group LLC increased its stake in Cricut by 43.7% in the first quarter. Jane Street Group LLC now owns 20,176 shares of the company’s stock valued at $104,000 after purchasing an additional 6,140 shares during the last quarter. Quantbot Technologies LP lifted its position in Cricut by 51.2% during the first quarter. Quantbot Technologies LP now owns 21,777 shares of the company’s stock worth $112,000 after buying an additional 7,377 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in Cricut by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 485,840 shares of the company’s stock worth $2,502,000 after buying an additional 9,300 shares during the period. Institutional investors and hedge funds own 19.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Weiss Ratings restated a “hold (c-)” rating on shares of Cricut in a report on Thursday, November 13th. Wall Street Zen upgraded shares of Cricut from a “hold” rating to a “buy” rating in a report on Saturday. Finally, The Goldman Sachs Group lowered shares of Cricut from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $5.50 to $4.75 in a research report on Thursday, October 16th. One investment analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Cricut presently has an average rating of “Strong Sell” and a consensus price target of $4.18.

Cricut Stock Up 0.7%

Shares of CRCT stock opened at $4.58 on Wednesday. The stock has a market cap of $969.77 million, a price-to-earnings ratio of 12.05 and a beta of 0.17. Cricut, Inc. has a fifty-two week low of $3.94 and a fifty-two week high of $7.33. The firm’s 50 day moving average price is $5.61 and its two-hundred day moving average price is $5.83.

Cricut (NASDAQ:CRCT) last issued its earnings results on Wednesday, November 5th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. The business had revenue of $170.44 million for the quarter, compared to the consensus estimate of $156.93 million. Cricut had a net margin of 11.31% and a return on equity of 19.91%. On average, equities analysts forecast that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, January 20th. Shareholders of record on Tuesday, January 6th will be paid a dividend of $0.10 per share. This represents a dividend yield of 399.0%. The ex-dividend date is Tuesday, January 6th. Cricut’s payout ratio is currently 52.63%.

Insider Activity at Cricut

In other news, CEO Arora Ashish sold 21,250 shares of the company’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $5.47, for a total value of $116,237.50. Following the completion of the sale, the chief executive officer owned 2,696,561 shares of the company’s stock, valued at $14,750,188.67. This represents a 0.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 223,245 shares of company stock worth $1,325,952 in the last 90 days. Insiders own 18.02% of the company’s stock.

About Cricut

Cricut, Inc engages in the design, marketing, and distribution of a creativity platform that enables users to turn ideas into professional-looking handmade goods. It operates through three segments: Connected Machines, Subscriptions, and Accessories and Materials. The company offers connected machines, design apps, and accessories and materials for users to create personalized birthday cards, mugs, T-shirts, and large-scale interior decorations.