Dynamic Technology Lab Private Ltd cut its position in Actua Corp. (NASDAQ:ACTA) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,727 shares of the company’s stock after selling 77 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Actua Corp. were worth $105,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. BlackRock Group LTD raised its stake 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 worth $1,693,000 after buying an additional 17,021 shares in the last quarter. Royce & Associates LP raised its stake 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 worth $2,733,000 after buying an additional 97,634 shares in the last quarter. Geode Capital Management LLC raised its stake 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 worth $2,296,000 after buying an additional 12,235 shares in the last quarter. Royal Bank of Canada raised its stake 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 worth $172,000 after buying an additional 18,852 shares in the last quarter. Finally, Boothbay Fund Management LLC raised its stake 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 worth $127,000 after buying an additional 1,148 shares in the last quarter. 74.47% of the stock is currently owned by institutional investors and hedge funds.
Actua Corp. (NASDAQ:ACTA) opened at 12.16 on Friday. The company’s 50-day moving average is $10.95 and its 200-day moving average is $9.85. Actua Corp. has a one year low of $7.28 and a one year high of $14.92. The firm’s market capitalization is $447.66 million.
Actua Corp. (NASDAQ:ACTA) last announced its quarterly earnings data on Thursday, August 4th. The company reported ($0.10) EPS for the quarter, hitting the consensus estimate of ($0.10). The company earned $36.71 million during the quarter, compared to the consensus estimate of $37.25 million. Actua Corp. had a negative net margin of 66.21% and a negative return on equity of 11.06%. The company’s quarterly revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm posted ($0.41) EPS. Equities analysts forecast that Actua Corp. will post ($0.38) earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised shares of Actua Corp. from a “sell” rating to a “hold” rating in a research report on Monday, June 13th.
In related news, CFO Raymond Kirk Morgan sold 5,000 shares of the stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $9.62, for a total value of $48,100.00. Following the transaction, the chief financial officer now directly owns 230,848 shares in the company, valued at approximately $2,220,757.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 9.80% of the stock is owned by corporate insiders.
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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