PEAK6 Investments L.P. increased its position in shares of Actua Corp (NASDAQ:ACTA) by 89.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,511 shares of the software maker’s stock after acquiring an additional 77,073 shares during the period. PEAK6 Investments L.P.’s holdings in Actua were worth $2,551,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC boosted its position in shares of Actua by 16.3% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 2,015,979 shares of the software maker’s stock worth $31,449,000 after acquiring an additional 282,972 shares in the last quarter. Renaissance Technologies LLC boosted its position in Actua by 7.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,446,119 shares of the software maker’s stock valued at $22,559,000 after buying an additional 101,600 shares in the last quarter. Yakira Capital Management Inc. acquired a new stake in Actua in the fourth quarter valued at approximately $3,787,000. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Actua in the fourth quarter valued at approximately $1,944,000. Finally, Gabelli Funds LLC acquired a new stake in Actua in the fourth quarter valued at approximately $1,850,000. Institutional investors and hedge funds 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 that occurred on Wednesday, January 17th. The shares were sold at an average price of $15.70, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 10.20% of the company’s stock.
ACTA has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Actua from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research lowered shares of Actua from a “hold” rating to a “sell” rating in a research report on Monday, December 18th.
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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