Actua Corp. (ACTA) Sees Large Volume Increase
Actua Corp. (NASDAQ:ACTA) shares saw unusually-strong trading volume on Monday . Approximately 147,356 shares traded hands during mid-day trading, an increase of 153% from the previous session’s volume of 58,179 shares.The stock last traded at $10.08 and had previously closed at $9.98.
Separately, Zacks Investment Research cut shares of Actua Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 3rd.
The stock’s 50-day moving average is $9.43 and its 200 day moving average is $9.18. The stock’s market cap is $375.88 million.
Actua Corp. (NASDAQ:ACTA) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.03. The firm earned $34.60 million during the quarter, compared to analyst estimates of $34.45 million. During the same period last year, the business earned ($0.10) EPS. The firm’s revenue was up 13.1% compared to the same quarter last year. Equities analysts anticipate that Actua Corp. will post ($0.37) earnings per share for the current fiscal year.
In other news, CFO Raymond Kirk Morgan sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of $8.83, for a total transaction of $176,600.00. Following the completion of the sale, the chief financial officer now owns 251,692 shares of the company’s stock, valued at $2,222,440.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Walter W. Buckley III purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, May 17th. The shares were bought at an average cost of $8.82 per share, with a total value of $88,200.00. Following the transaction, the chief executive officer now directly owns 1,226,899 shares of the company’s stock, valued at approximately $10,821,249.18. The disclosure for this purchase can be found here.
An institutional investor recently bought a new position in Actua Corp. stock. Royce & Associates LLC purchased a new position in Actua Corp. (NASDAQ:ACTA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 204,349 shares of the company’s stock, valued at approximately $2,340,000. Royce & Associates LLC owned approximately 0.55% of Actua Corp. at the end of the most recent reporting 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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