Gagnon Securities LLC lowered its position in Actua Corp (NASDAQ:ACTA) by 42.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,033 shares of the software maker’s stock after selling 23,332 shares during the period. Gagnon Securities LLC owned about 0.09% of Actua worth $475,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of ACTA. Russell Investments Group Ltd. bought a new position in Actua in the 3rd quarter worth $141,000. Trexquant Investment LP bought a new position in Actua in the 2nd quarter worth $149,000. Tudor Investment Corp ET AL bought a new position in Actua in the 2nd quarter worth $162,000. Bank of America Corp DE boosted its holdings in Actua by 14.2% in the 1st quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock worth $164,000 after buying an additional 1,455 shares during the period. Finally, Numeric Investors LLC bought a new position in Actua in the 2nd quarter worth $191,000. 72.53% of the stock is owned by institutional investors.
Actua Corp (NASDAQ ACTA) opened at $15.45 on Friday. Actua Corp has a 1-year low of $11.85 and a 1-year high of $15.95.
Actua (NASDAQ:ACTA) last released its quarterly earnings data on Thursday, November 9th. The software maker reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.05). Actua had a net margin of 67.78% and a negative return on equity of 5.80%. During the same quarter in the prior year, the company posted ($0.04) EPS. sell-side analysts forecast that Actua Corp will post -0.59 earnings per share for the current year.
Several research analysts recently weighed in on the stock. BidaskClub raised shares of Actua from a “strong sell” rating to a “sell” rating in a report on Thursday. Zacks Investment Research raised shares of Actua from a “sell” rating to a “hold” rating in a report on Tuesday, October 10th. Barrington Research downgraded shares of Actua from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 4th. Finally, ValuEngine raised shares of Actua from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the company’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $15.45, for a total transaction of $26,064.15. Following the sale, the chief financial officer now directly owns 153,673 shares in the company, valued at approximately $2,374,247.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 5,061 shares of company stock valued at $72,794 in the last three months. Insiders own 10.20% of the company’s stock.
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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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