Dimensional Fund Advisors LP Boosts Stock Position in Cricut, Inc. (NASDAQ:CRCT)

Dimensional Fund Advisors LP raised its holdings in shares of Cricut, Inc. (NASDAQ:CRCT) by 46.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 127,114 shares of the company’s stock after purchasing an additional 40,174 shares during the period. Dimensional Fund Advisors LP owned approximately 0.06% of Cricut worth $725,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Barclays PLC lifted its holdings in shares of Cricut by 366.6% during the 3rd quarter. Barclays PLC now owns 76,440 shares of the company’s stock valued at $529,000 after buying an additional 60,058 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Cricut by 296.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 185,098 shares of the company’s stock valued at $1,283,000 after buying an additional 138,385 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of Cricut by 141.4% during the 4th quarter. Nisa Investment Advisors LLC now owns 18,449 shares of the company’s stock valued at $105,000 after buying an additional 10,805 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Cricut by 26.3% during the 4th quarter. SG Americas Securities LLC now owns 21,518 shares of the company’s stock valued at $123,000 after buying an additional 4,484 shares during the period. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Cricut by 4.9% during the 4th quarter. Exchange Traded Concepts LLC now owns 49,055 shares of the company’s stock valued at $280,000 after buying an additional 2,272 shares during the period. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Arora Ashish sold 5,283 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $5.25, for a total value of $27,735.75. Following the transaction, the chief executive officer now directly owns 4,059,329 shares of the company’s stock, valued at approximately $21,311,477.25. This trade represents a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 305,009 shares of company stock valued at $1,785,494. 18.61% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup reissued a “sell” rating and set a $4.00 price target (down from $6.00) on shares of Cricut in a report on Monday, April 14th. Morgan Stanley lowered their price target on Cricut from $3.90 to $3.80 and set an “underweight” rating on the stock in a report on Thursday, March 6th.

Cricut Stock Performance

Shares of Cricut stock opened at $6.29 on Friday. Cricut, Inc. has a one year low of $3.94 and a one year high of $7.17. The stock’s fifty day moving average is $5.15 and its 200 day moving average is $5.51. The stock has a market cap of $1.34 billion, a P/E ratio of 22.46 and a beta of 0.01.

Cricut (NASDAQ:CRCT) last announced its earnings results on Tuesday, May 6th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. Cricut had a return on equity of 12.36% and a net margin of 8.47%. The company had revenue of $162.63 million for the quarter, compared to analysts’ expectations of $158.55 million. Analysts predict that Cricut, Inc. will post 0.28 EPS for the current year.

Cricut Cuts Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be issued a $0.10 dividend. The ex-dividend date is Monday, July 7th. This represents a yield of 3.3%. Cricut’s dividend payout ratio is currently 64.52%.

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.