GSA Capital Partners LLP purchased a new stake in Actua Corp (NASDAQ:ACTA) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor purchased 31,500 shares of the company’s stock, valued at approximately $441,000. GSA Capital Partners LLP owned about 0.09% of Actua Corp at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of 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. PNC Financial Services Group Inc. boosted its stake in shares of 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. Citadel Advisors LLC boosted its stake in shares of 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. Boston Partners acquired a new stake in shares of Actua Corp during the third quarter valued at approximately $1,143,000. Finally, Renaissance Technologies LLC boosted its stake in shares of Actua Corp by 19.9% in the fourth quarter. Renaissance Technologies LLC now owns 662,119 shares of the company’s stock valued at $9,270,000 after buying an additional 110,100 shares during the period. Hedge funds and other institutional investors own 65.61% of the company’s stock.
Shares of Actua Corp (NASDAQ:ACTA) opened at 13.85 on Wednesday. The firm’s 50-day moving average price is $13.93 and its 200 day moving average price is $13.22. Actua Corp has a 12-month low of $8.44 and a 12-month high of $15.27. The firm has a market cap of $496.73 million, a P/E ratio of 7.25 and a beta of 1.57.
Actua Corp (NASDAQ:ACTA) last announced its 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 analysts’ expectations of $28.93 million. Actua Corp had a negative return on equity of 9.08% and a negative net margin of 66.44%. The business’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.08) earnings per share. On average, equities analysts expect that Actua Corp will post ($0.13) earnings per share for the current fiscal year.
Several analysts have issued reports on the company. Barrington Research restated an “outperform” rating and set a $17.00 price objective (up previously from $16.00) on shares of Actua Corp in a report on Friday, March 10th. Zacks Investment Research downgraded Actua Corp from a “hold” rating to a “sell” rating in a report on Wednesday, March 15th.
In other news, CFO Raymond Kirk Morgan sold 7,304 shares of the stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $13.97, for a total transaction of $102,036.88. Following the sale, the chief financial officer now owns 176,441 shares in the company, valued at $2,464,880.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.80% of the stock is currently owned by corporate insiders.
About Actua Corp
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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