Actua Corp. (ACTA) Trading 1.4% Higher
Actua Corp. (NASDAQ:ACTA) traded up 1.4% during trading on Wednesday . The company traded as high as $9.99 and last traded at $9.96, with a volume of 65,407 shares changing hands. The stock had previously closed at $9.82.
Separately, Zacks Investment Research cut shares of Actua Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd.
The stock’s 50 day moving average price is $9.76 and its 200 day moving average price is $9.25. The stock’s market capitalization is $366.30 million.
Actua Corp. (NASDAQ:ACTA) last posted its quarterly earnings data on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The firm earned $36.71 million during the quarter, compared to analysts’ expectations of $37.25 million. During the same quarter last year, the business earned ($0.41) earnings per share. The business’s quarterly revenue was up 9.5% on a year-over-year basis. On average, equities research analysts expect that Actua Corp. will post ($0.38) EPS for the current fiscal year.
In related news, Director H Richard Haverstick, Jr. bought 15,000 shares of the firm’s stock in a transaction on Monday, June 20th. The shares were bought at an average cost of $9.40 per share, for a total transaction of $141,000.00. Following the transaction, the director now owns 23,149 shares of the company’s stock, valued at $217,600.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Raymond Kirk Morgan sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $9.65, for a total transaction of $48,250.00. Following the sale, the chief financial officer now owns 225,848 shares in the company, valued at $2,179,433.20. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Actua Corp. stock. Schwab Charles Investment Management Inc. increased its stake in Actua Corp. (NASDAQ:ACTA) by 2.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,078 shares of the company’s stock after buying an additional 3,151 shares during the period. Schwab Charles Investment Management Inc. owned about 0.31% of Actua Corp. worth $1,341,000 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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