Caxton Associates LLP Acquires New Shares in Shutterstock, Inc. $SSTK

Caxton Associates LLP acquired a new position in shares of Shutterstock, Inc. (NYSE:SSTK) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 53,885 shares of the business services provider’s stock, valued at approximately $1,022,000.

Several other large investors have also added to or reduced their stakes in the stock. WealthCollab LLC increased its position in shares of Shutterstock by 106.3% during the second quarter. WealthCollab LLC now owns 1,452 shares of the business services provider’s stock valued at $28,000 after buying an additional 748 shares during the period. Signaturefd LLC grew its stake in Shutterstock by 10,268.8% during the second quarter. Signaturefd LLC now owns 1,659 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 1,643 shares in the last quarter. EMC Capital Management bought a new stake in Shutterstock during the 2nd quarter worth approximately $36,000. GAMMA Investing LLC lifted its stake in Shutterstock by 71.8% in the 2nd quarter. GAMMA Investing LLC now owns 1,996 shares of the business services provider’s stock worth $38,000 after purchasing an additional 834 shares in the last quarter. Finally, Equitec Proprietary Markets LLC purchased a new stake in Shutterstock in the 2nd quarter worth approximately $57,000. Institutional investors own 82.79% of the company’s stock.

Shutterstock Trading Up 0.3%

Shutterstock stock opened at $18.84 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $669.08 million, a PE ratio of 11.22 and a beta of 1.27. The stock has a 50-day moving average of $21.95 and a two-hundred day moving average of $20.68. Shutterstock, Inc. has a one year low of $14.35 and a one year high of $38.80.

Shutterstock (NYSE:SSTK) last announced its quarterly earnings data on Wednesday, November 5th. The business services provider reported $0.99 EPS for the quarter, missing the consensus estimate of $1.47 by ($0.48). The company had revenue of $260.09 million during the quarter, compared to analysts’ expectations of $255.60 million. Shutterstock had a net margin of 5.89% and a return on equity of 16.30%. The business’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share. On average, research analysts anticipate that Shutterstock, Inc. will post 3.12 EPS for the current fiscal year.

Shutterstock Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Shareholders of record on Thursday, December 4th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Thursday, December 4th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.0%. Shutterstock’s dividend payout ratio (DPR) is currently 78.57%.

Analysts Set New Price Targets

A number of research analysts have recently commented on SSTK shares. Zacks Research lowered shares of Shutterstock from a “hold” rating to a “strong sell” rating in a research report on Monday, December 1st. Weiss Ratings reissued a “hold (c-)” rating on shares of Shutterstock in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Shutterstock from a “buy” rating to a “hold” rating in a research report on Saturday, November 8th. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $25.00.

Shutterstock Profile

Shutterstock, Inc provides platform to connect brands and businesses to high quality content in North America, Europe, and internationally. The company offers image services consisting of photographs, vectors, and illustrations, which is used in visual communications, such as websites, digital and print marketing materials, corporate communications, books, publications, and others; footage services, including video clips, filmed by industry experts and cinema grade video effects in HD and 4K formats that are integrated into websites, social media, marketing campaigns, and cinematic productions; and music services comprising music tracks and sound effects, which are used to complement images and footage.