Emerald Advisers Inc. PA Sells 113,345 Shares of Actua Corp. (ACTA)
Emerald Advisers Inc. PA reduced its stake in shares of Actua Corp. (NASDAQ:ACTA) by 21.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 419,103 shares of the company’s stock after selling 113,345 shares during the period. Emerald Advisers Inc. PA’s holdings in Actua Corp. were worth $3,785,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Boothbay Fund Management LLC boosted its position in shares of Actua Corp. by 8.9% in the first quarter. Boothbay Fund Management LLC now owns 14,049 shares of the company’s stock valued at $127,000 after buying an additional 1,148 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Actua Corp. by 12,162.6% in the first quarter. Royal Bank of Canada now owns 19,007 shares of the company’s stock valued at $172,000 after buying an additional 18,852 shares during the last quarter. BlackRock Group LTD boosted its position in shares of Actua Corp. by 10.0% in the first quarter. BlackRock Group LTD now owns 187,065 shares of the company’s stock valued at $1,693,000 after buying an additional 17,021 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Actua Corp. by 5.1% in the first quarter. Geode Capital Management LLC now owns 253,798 shares of the company’s stock valued at $2,296,000 after buying an additional 12,235 shares during the last quarter. Finally, Royce & Associates LP boosted its position in shares of Actua Corp. by 47.8% in the first quarter. Royce & Associates LP now owns 301,983 shares of the company’s stock valued at $2,733,000 after buying an additional 97,634 shares during the last quarter. Institutional investors and hedge funds own 74.47% of the company’s stock.
Shares of Actua Corp. (NASDAQ:ACTA) traded down 1.86% during mid-day trading on Friday, reaching $12.16. 59,384 shares of the company were exchanged. The company’s 50-day moving average is $10.95 and its 200 day moving average is $9.85. The firm’s market capitalization is $447.66 million. Actua Corp. has a 12 month low of $7.28 and a 12 month high of $14.92.
Actua Corp. (NASDAQ:ACTA) last announced its quarterly earnings results on Thursday, August 4th. The company reported ($0.10) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.10). The firm had revenue of $36.71 million for the quarter, compared to analysts’ expectations of $37.25 million. Actua Corp. had a negative net margin of 66.21% and a negative return on equity of 11.06%. Actua Corp.’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.41) earnings per share. Analysts predict that Actua Corp. will post ($0.38) EPS for the current year.
Separately, Zacks Investment Research upgraded shares of Actua Corp. from a “sell” rating to a “hold” rating in a report on Monday, June 13th.
In other Actua Corp. news, CFO Raymond Kirk Morgan sold 5,000 shares of Actua Corp. stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $9.62, for a total transaction of $48,100.00. Following the transaction, the chief financial officer now directly owns 230,848 shares of the company’s stock, valued at $2,220,757.76. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.80% of the company’s stock.
Actua Corp. Company Profile
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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