Capital Impact Advisors LLC Has $581,000 Holdings in Shutterstock, Inc. (NYSE:SSTK)

Capital Impact Advisors LLC trimmed its position in Shutterstock, Inc. (NYSE:SSTK) by 50.0% in the second quarter, Holdings Channel reports. The fund owned 15,007 shares of the business services provider’s stock after selling 15,007 shares during the quarter. Capital Impact Advisors LLC’s holdings in Shutterstock were worth $581,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in SSTK. Allspring Global Investments Holdings LLC grew its stake in Shutterstock by 31,733.3% during the second quarter. Allspring Global Investments Holdings LLC now owns 955 shares of the business services provider’s stock worth $37,000 after purchasing an additional 952 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Shutterstock during the second quarter worth approximately $41,000. Truvestments Capital LLC acquired a new position in shares of Shutterstock during the first quarter valued at about $42,000. Nisa Investment Advisors LLC increased its holdings in Shutterstock by 69.6% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,042 shares of the business services provider’s stock worth $79,000 after purchasing an additional 838 shares in the last quarter. Finally, Headlands Technologies LLC raised its position in Shutterstock by 1,339.2% in the 2nd quarter. Headlands Technologies LLC now owns 3,339 shares of the business services provider’s stock valued at $129,000 after buying an additional 3,107 shares during the last quarter. 82.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on SSTK. Needham & Company LLC reissued a “buy” rating and issued a $65.00 price objective on shares of Shutterstock in a research report on Tuesday, August 6th. StockNews.com cut Shutterstock from a “buy” rating to a “hold” rating in a research report on Sunday, September 22nd. Finally, Morgan Stanley lifted their price objective on Shutterstock from $55.00 to $58.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd.

Shutterstock Stock Performance

SSTK stock opened at $35.53 on Monday. Shutterstock, Inc. has a fifty-two week low of $32.38 and a fifty-two week high of $54.40. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 13.77 and a beta of 1.09. The business’s 50 day moving average price is $36.46 and its two-hundred day moving average price is $39.50.

Shutterstock (NYSE:SSTK) last issued its quarterly earnings data on Tuesday, August 6th. The business services provider reported $1.00 EPS for the quarter, missing the consensus estimate of $1.01 by ($0.01). The firm had revenue of $220.05 million during the quarter, compared to the consensus estimate of $213.44 million. Shutterstock had a return on equity of 20.45% and a net margin of 5.33%. The business’s revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. Sell-side analysts forecast that Shutterstock, Inc. will post 2.99 earnings per share for the current year.

Shutterstock Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Shareholders of record on Thursday, August 29th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date was Thursday, August 29th. Shutterstock’s payout ratio is 46.51%.

About Shutterstock

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.