17,952 Shares in Cineverse Corp. (NASDAQ:CNVS) Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP purchased a new position in shares of Cineverse Corp. (NASDAQ:CNVS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 17,952 shares of the company’s stock, valued at approximately $66,000. Dimensional Fund Advisors LP owned about 0.11% of Cineverse as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Renaissance Technologies LLC boosted its holdings in Cineverse by 580.0% during the fourth quarter. Renaissance Technologies LLC now owns 148,247 shares of the company’s stock worth $541,000 after purchasing an additional 126,447 shares during the last quarter. Institutional investors and hedge funds own 8.19% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mary Ann Halford sold 20,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was sold at an average price of $3.96, for a total transaction of $79,200.00. Following the transaction, the director now owns 245,548 shares of the company’s stock, valued at $972,370.08. This represents a 7.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 14.70% of the company’s stock.

Cineverse Stock Performance

Cineverse stock opened at $3.37 on Monday. Cineverse Corp. has a fifty-two week low of $0.72 and a fifty-two week high of $4.89. The stock has a market cap of $53.85 million, a PE ratio of -3.21 and a beta of 1.45. The firm’s 50-day simple moving average is $3.04 and its 200 day simple moving average is $3.45.

Cineverse (NASDAQ:CNVS) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.34 earnings per share (EPS) for the quarter. Cineverse had a negative net margin of 16.52% and a positive return on equity of 7.33%.

Cineverse Company Profile

Cineverse Corp. operates as a streaming technology and entertainment company. The company operates in two segments, Cinema Equipment, and Content and Entertainment. It owns and operates streaming channels, through its proprietary technology platform. The company also delivers curated content through subscription video on demand (SVOD), dedicated ad-supported (AVOD), and ad-supported streaming linear (FAST) channels, as well as social video streaming services and audio podcasts; operates OTT streaming entertainment channels; and offers monitoring, billing, collection, and verification services.