Actua Corp. (ACTA) Sees Large Volume Increase
Actua Corp. (NASDAQ:ACTA) shares saw unusually-strong trading volume on Thursday . Approximately 71,074 shares traded hands during trading, a decline of 16% from the previous session’s volume of 84,171 shares.The stock last traded at $10.05 and had previously closed at $9.95.
Separately, Zacks Investment Research upgraded Actua Corp. from a “sell” rating to a “hold” rating in a report on Friday, June 24th.
The firm has a 50 day moving average of $9.79 and a 200-day moving average of $9.25. The company’s market capitalization is $371.82 million.
Actua Corp. (NASDAQ:ACTA) last released its earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, meeting the consensus estimate of ($0.10). The company earned $36.71 million during the quarter, compared to analyst estimates of $37.25 million. During the same period in the previous year, the company posted ($0.41) EPS. The company’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts predict that Actua Corp. will post ($0.38) earnings per share for the current year.
In other Actua Corp. news, Director H Richard Haverstick, Jr. purchased 15,000 shares of the stock in a transaction on Monday, June 20th. The stock was bought at an average cost of $9.40 per share, for a total transaction of $141,000.00. Following the completion of the acquisition, 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 can be accessed through this hyperlink. Also, CFO Raymond Kirk Morgan sold 5,000 shares of the stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $9.65, for a total value of $48,250.00. Following the completion of the sale, the chief financial officer now owns 225,848 shares of the company’s stock, valued at $2,179,433.20. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Actua Corp. stock. Schwab Charles Investment Management Inc. raised its stake in Actua Corp. (NASDAQ:ACTA) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.31% of Actua Corp. worth $1,341,000 as of its most recent SEC filing.
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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