Actua Corp. (ACTA) Sees Large Volume Increase
Actua Corp. (NASDAQ:ACTA) saw unusually-strong trading volume on Thursday . Approximately 71,074 shares traded hands during mid-day 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 lowered shares of Actua Corp. from a “hold” rating to a “sell” rating in a research note on Wednesday, June 1st.
The stock has a 50 day moving average of $9.82 and a 200 day moving average of $9.27. The company’s market capitalization is $368.88 million.
Actua Corp. (NASDAQ:ACTA) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.10). During the same quarter in the prior year, the firm earned ($0.41) EPS. The company had revenue of $36.71 million for the quarter, compared to analysts’ expectations of $37.25 million. Actua Corp.’s quarterly revenue was up 9.5% compared to the same quarter last year. Equities research analysts expect that Actua Corp. will post ($0.38) earnings per share for the current year.
In other Actua Corp. news, Director H Richard Haverstick, Jr. acquired 15,000 shares of the company’s stock in a transaction that occurred on Monday, June 20th. The shares were acquired at an average price of $9.40 per share, with a total value of $141,000.00. Following the completion of the purchase, the director now directly owns 23,149 shares of the company’s stock, valued at approximately $217,600.60. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Raymond Kirk Morgan sold 5,000 shares of the business’s stock in a transaction dated 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 directly owns 225,848 shares in the company, valued at approximately $2,179,433.20. The disclosure for this sale can be found here.
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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