Versor Investments LP Buys Shares of 31,000 Cricut, Inc. (NASDAQ:CRCT)

Versor Investments LP purchased a new position in shares of Cricut, Inc. (NASDAQ:CRCT) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 31,000 shares of the company’s stock, valued at approximately $215,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. CWM LLC grew its holdings in Cricut by 150.8% in the second quarter. CWM LLC now owns 9,704 shares of the company’s stock valued at $58,000 after purchasing an additional 5,835 shares during the last quarter. Lazard Asset Management LLC raised its stake in shares of Cricut by 9,096.7% during the 1st quarter. Lazard Asset Management LLC now owns 13,795 shares of the company’s stock worth $65,000 after buying an additional 13,645 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in Cricut in the 3rd quarter valued at about $70,000. Arizona State Retirement System grew its stake in Cricut by 20.8% in the 2nd quarter. Arizona State Retirement System now owns 12,199 shares of the company’s stock valued at $73,000 after acquiring an additional 2,103 shares during the last quarter. Finally, Bleakley Financial Group LLC acquired a new position in Cricut during the first quarter worth about $78,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group lowered their price target on shares of Cricut from $6.50 to $5.75 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th.

Insider Transactions at Cricut

In related news, EVP Donald B. Olsen sold 40,000 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $5.74, for a total transaction of $229,600.00. Following the transaction, the executive vice president now directly owns 655,833 shares in the company, valued at approximately $3,764,481.42. This represents a 5.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 18.02% of the company’s stock.

Cricut Stock Down 2.3 %

CRCT opened at $5.05 on Friday. The business’s fifty day simple moving average is $6.32 and its 200 day simple moving average is $6.21. Cricut, Inc. has a 52 week low of $4.43 and a 52 week high of $8.40. The firm has a market cap of $1.09 billion, a P/E ratio of 18.04 and a beta of 0.13.

Cricut (NASDAQ:CRCT) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). The firm had revenue of $167.89 million for the quarter, compared to analysts’ expectations of $165.35 million. Cricut had a return on equity of 12.36% and a net margin of 8.47%. During the same quarter last year, the firm earned $0.08 earnings per share. As a group, equities analysts expect that Cricut, Inc. will post 0.28 EPS for the current fiscal year.

Cricut Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Tuesday, January 21st. Shareholders of record on Tuesday, January 7th will be paid a dividend of $0.50 per share. This represents a dividend yield of 3.4%. The ex-dividend date is Tuesday, January 7th. Cricut’s dividend payout ratio is presently 71.43%.

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.