Citadel Advisors LLC decreased its position in shares of Actua Corp (NASDAQ:ACTA) by 34.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,491 shares of the software maker’s stock after selling 65,350 shares during the quarter. Citadel Advisors LLC owned 0.38% of Actua worth $1,958,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in ACTA. Russell Investments Group Ltd. acquired a new stake in Actua in the 3rd quarter valued at $141,000. SG Americas Securities LLC purchased a new position in shares of Actua during the 3rd quarter worth $197,000. UBS Asset Management Americas Inc. purchased a new position in shares of Actua during the 2nd quarter worth $201,000. K2 Principal Fund L.P. purchased a new position in shares of Actua during the 3rd quarter worth $241,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Actua in the 3rd quarter valued at about $335,000. 72.58% of the stock is currently owned by hedge funds and other institutional investors.
In other Actua news, CFO Raymond Kirk Morgan sold 1,687 shares of the company’s stock in a transaction on Wednesday, January 17th. The stock was 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 of the company’s stock, valued at $1,352,869. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.20% of the stock is currently owned by corporate insiders.
ACTA has been the subject of several research reports. BidaskClub raised Actua from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. Zacks Investment Research downgraded Actua from a “hold” rating to a “sell” rating in a research report on Monday, December 18th.
Actua Corp (NASDAQ:ACTA) traded down $0.02 during trading on Thursday, hitting $1.11. The stock had a trading volume of 8,900 shares, compared to its average volume of 703,202. Actua Corp has a twelve month low of $0.68 and a twelve month high of $16.05. The stock has a market capitalization of $36.32, a PE ratio of -3.58 and a beta of 1.51.
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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), 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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