Actua Corp. (ACTA) Trading 1% Higher
Shares of Actua Corp. (NASDAQ:ACTA) traded up 1% during trading on Tuesday . The stock traded as high as $10.28 and last traded at $10.18, with a volume of 155,029 shares traded. The stock had previously closed at $10.08.
Separately, Zacks Investment Research raised shares of Actua Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, July 6th.
The company has a 50 day moving average of $9.46 and a 200 day moving average of $9.20. The company’s market cap is $362.46 million.
Actua Corp. (NASDAQ:ACTA) last released its earnings results on Thursday, August 4th. The company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.25. During the same quarter in the previous year, the company earned ($0.41) earnings per share. The firm had revenue of $36.71 million for the quarter, compared to analysts’ expectations of $37.25 million. Actua Corp.’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, equities research analysts forecast that Actua Corp. will post ($0.37) EPS for the current year.
In other news, CFO Raymond Kirk Morgan sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $9.62, for a total value of $48,100.00. Following the sale, the chief financial officer now directly owns 230,848 shares of the company’s stock, valued at approximately $2,220,757.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director H Richard Haverstick, Jr. bought 15,000 shares of Actua Corp. stock in a transaction dated Monday, June 20th. The stock was acquired at an average cost of $9.40 per share, for a total transaction of $141,000.00. Following the completion of the transaction, the director now directly owns 23,149 shares in the company, valued at $217,600.60. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Actua Corp. stock. Bank of Montreal Can raised its position in Actua Corp. (NASDAQ:ACTA) by 11.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,941,551 shares of the company’s stock after buying an additional 194,719 shares during the period. Bank of Montreal Can owned approximately 5.21% of Actua Corp. worth $22,231,000 as of its most recent filing with the SEC.
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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