Citadel Advisors LLC lessened its holdings in Actua Corp (NASDAQ:ACTA) by 34.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 125,491 shares of the software maker’s stock after selling 65,350 shares during the quarter. Citadel Advisors LLC’s holdings in Actua were worth $1,958,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. GABELLI & Co INVESTMENT ADVISERS INC. purchased a new stake in shares of Actua in the fourth quarter worth $1,944,000. Dimensional Fund Advisors LP raised its position in Actua by 0.7% during the third quarter. Dimensional Fund Advisors LP now owns 2,688,429 shares of the software maker’s stock valued at $41,133,000 after purchasing an additional 18,687 shares in the last quarter. Gabelli Funds LLC purchased a new stake in Actua during the fourth quarter valued at about $1,850,000. Macquarie Group Ltd. purchased a new stake in Actua during the third quarter valued at about $382,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Actua during the third quarter valued at about $335,000. Institutional investors own 72.58% of the company’s stock.
In other Actua news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $15.70, for a total transaction of $26,485.90. Following the sale, the chief financial officer now owns 86,170 shares in the company, valued at $1,352,869. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 10.20% of the company’s stock.
The company also recently declared a special dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 29th were given a dividend of $14.89 per share. The ex-dividend date of this dividend was Friday, February 2nd. This represents a yield of 0.939432176656152%.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Actua from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. BidaskClub downgraded Actua from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 16th.
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), 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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