Actua Corp. (ACTA) Trading Up 1%
Actua Corp. (NASDAQ:ACTA) shares were up 1% during mid-day trading on Tuesday . The company 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 lowered shares of Actua Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, June 1st.
The firm’s market cap is $377.00 million. The stock has a 50-day moving average price of $9.43 and a 200 day moving average price of $9.18.
Actua Corp. (NASDAQ:ACTA) last issued its quarterly earnings data on Thursday, May 5th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.03. During the same quarter in the prior year, the business earned ($0.10) earnings per share. The business had revenue of $34.60 million for the quarter, compared to analyst estimates of $34.45 million. The firm’s quarterly revenue was up 13.1% compared to the same quarter last year. Equities research analysts expect that Actua Corp. will post ($0.37) earnings per share for the current year.
In related news, CFO Raymond Kirk Morgan sold 5,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,220,757.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Walter W. Buckley III purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The shares were purchased at an average price of $8.82 per share, for a total transaction of $88,200.00. Following the completion of the acquisition, the chief executive officer now owns 1,226,899 shares of the company’s stock, valued at approximately $10,821,249.18. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Actua Corp. stock. Bank of Montreal Can boosted its stake in Actua Corp. (NASDAQ:ACTA) by 11.1% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 about 5.21% of Actua Corp. worth $22,231,000 at the end of the most recent reporting period.
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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