Actua Corp (NASDAQ:ACTA) CFO Raymond Kirk Morgan sold 7,304 shares of the stock in a transaction that occurred on Wednesday, March 15th. The shares were sold at an average price of $13.97, for a total value of $102,036.88. Following the transaction, the chief financial officer now owns 176,441 shares in the company, valued at approximately $2,464,880.77. The sale was disclosed in a document filed with the SEC, which is available through this link.
Actua Corp (NASDAQ:ACTA) opened at 14.05 on Tuesday. The stock has a market cap of $503.90 million, a price-to-earnings ratio of 7.36 and a beta of 1.57. The stock’s 50 day moving average price is $13.93 and its 200-day moving average price is $13.12. Actua Corp has a 12 month low of $8.44 and a 12 month high of $15.27.
Actua Corp (NASDAQ:ACTA) last released its quarterly earnings results on Thursday, March 9th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.08) by $0.02. The company had revenue of $29.30 million for the quarter, compared to analyst estimates of $28.93 million. Actua Corp had a negative return on equity of 9.08% and a negative net margin of 66.44%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.08) earnings per share. Equities research analysts predict that Actua Corp will post ($0.13) EPS for the current year.
A number of brokerages have recently issued reports on ACTA. Barrington Research reiterated an “outperform” rating and set a $17.00 target price (up previously from $16.00) on shares of Actua Corp in a research report on Friday, March 10th. Zacks Investment Research lowered Actua Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 15th. Finally, TheStreet upgraded Actua Corp from a “sell” rating to a “hold” rating in a research report on Monday, November 21st.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Los Angeles Capital Management & Equity Research Inc. raised its position in Actua Corp by 18.6% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 12,394 shares of the company’s stock valued at $161,000 after buying an additional 1,944 shares during the period. Royal Bank of Canada raised its position in Actua Corp by 73.7% in the second quarter. Royal Bank of Canada now owns 33,007 shares of the company’s stock valued at $298,000 after buying an additional 14,000 shares during the period. Citadel Advisors LLC raised its position in Actua Corp by 54.6% in the third quarter. Citadel Advisors LLC now owns 41,262 shares of the company’s stock valued at $534,000 after buying an additional 14,576 shares during the period. PNC Financial Services Group Inc. raised its position in Actua Corp by 7,966.1% in the third quarter. PNC Financial Services Group Inc. now owns 14,761 shares of the company’s stock valued at $191,000 after buying an additional 14,578 shares during the period. Finally, LGL Partners LLC purchased a new position in Actua Corp during the fourth quarter valued at approximately $280,000. 65.61% of the stock is currently owned by institutional investors.
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.