Dimensional Fund Advisors LP grew its position in shares of Actua Corp (NASDAQ:ACTA) by 0.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,688,429 shares of the software maker’s stock after purchasing an additional 18,687 shares during the quarter. Dimensional Fund Advisors LP owned approximately 8.22% of Actua worth $41,133,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. acquired a new stake in shares of Actua during the second quarter valued at about $690,000. Citadel Advisors LLC boosted its stake in shares of Actua by 79.9% during the third quarter. Citadel Advisors LLC now owns 190,841 shares of the software maker’s stock valued at $2,920,000 after purchasing an additional 84,732 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Actua by 99.7% during the second quarter. Renaissance Technologies LLC now owns 1,325,719 shares of the software maker’s stock valued at $18,626,000 after purchasing an additional 661,800 shares in the last quarter. Macquarie Group Ltd. acquired a new stake in shares of Actua during the third quarter valued at about $382,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Actua during the third quarter valued at about $335,000. 72.53% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $15.45, for a total transaction of $26,064.15. Following the completion of the transaction, the chief financial officer now directly owns 153,673 shares in the company, valued at $2,374,247.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 5,061 shares of company stock valued at $78,446 over the last 90 days. 10.20% of the stock is owned by corporate insiders.
Actua Corp (NASDAQ ACTA) opened at $15.85 on Thursday. Actua Corp has a 1 year low of $11.85 and a 1 year high of $16.05. The stock has a market capitalization of $517.01, a PE ratio of -51.13 and a beta of 1.67.
Actua (NASDAQ:ACTA) last issued its quarterly earnings data on Thursday, November 9th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.05). During the same period in the prior year, the company posted ($0.04) earnings per share. equities analysts forecast that Actua Corp will post -1.01 EPS for the current fiscal year.
A number of analysts have recently commented on the company. Zacks Investment Research raised Actua from a “sell” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine raised Actua from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. BidaskClub raised Actua from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Finally, Barrington Research lowered Actua from an “outperform” rating to a “market perform” rating in a research note on Wednesday, October 4th.
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Actua 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), 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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