Actua Corp. (ACTA) Trading Up 5.8%
Shares of Actua Corp. (NASDAQ:ACTA) were up 5.8% on Tuesday . The company traded as high as $10.00 and last traded at $9.89, with a volume of 60,658 shares trading hands. The stock had previously closed at $9.35.
Separately, Zacks Investment Research downgraded shares of Actua Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, June 1st.
The company’s market cap is $368.80 million. The company has a 50 day moving average of $9.39 and a 200 day moving average of $9.25.
Actua Corp. (NASDAQ:ACTA) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. The company earned $34.60 million during the quarter, compared to analysts’ expectations of $34.45 million. During the same period in the previous year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. Analysts anticipate that Actua Corp. will post ($0.37) earnings per share for the current fiscal year.
In other Actua Corp. news, Director H Richard Haverstick, Jr. acquired 15,000 shares of Actua Corp. stock in a transaction on Monday, June 20th. The stock was purchased at an average price of $9.40 per share, for a total transaction of $141,000.00. Following the purchase, the director now directly owns 23,149 shares of the company’s stock, valued at $217,600.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Walter W. Buckley III acquired 10,000 shares of Actua Corp. stock in a transaction on Tuesday, May 17th. The stock was acquired at an average price of $8.82 per share, with a total value of $88,200.00. Following the purchase, the chief executive officer now directly owns 1,226,899 shares in the company, valued at $10,821,249.18. The disclosure for this purchase can be found here.
Other hedge funds and institutional investors have made changes to their positions in the company. Dimensional Fund Advisors LP increased its position in shares of Actua Corp. by 2.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,342,534 shares of the company’s stock worth $26,822,000 after buying an additional 59,713 shares during the period. Royce & Associates LLC acquired a new position in shares of Actua Corp. during the fourth quarter worth about $2,340,000. Finally, Bank of Montreal Can increased its position in shares of Actua Corp. by 11.1% in the fourth quarter. Bank of Montreal Can now owns 1,941,551 shares of the company’s stock worth $22,231,000 after buying an additional 194,719 shares during the period.
Actua Corporation, formerly ICG Group, Inc, is a multi-vertical cloud technology company. The Company operates through two segments, which include the vertical cloud segment and the vertical cloud (venture) segment. The Company’s vertical cloud-based businesses include Bolt Solutions Inc (Bolt), Folio Dynamics Holdings Inc (FolioDynamix), GovDelivery Holdings, Inc (GovDelivery) and VelocityEHS Holdings, Inc (VelocityEHS), which operate in the commercial and personal property and casualty insurance, wealth management, government communications and environmental, health and safety (EH&S) markets, respectively.
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