Actua Corporation (ACTA) Shares Sold by Nationwide Fund Advisors
Nationwide Fund Advisors decreased its stake in Actua Corporation (NASDAQ:ACTA) by 15.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,637 shares of the software maker’s stock after selling 4,983 shares during the quarter. Nationwide Fund Advisors owned approximately 0.08% of Actua Corporation worth $374,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ACTA. SG Americas Securities LLC acquired a new stake in shares of Actua Corporation in the first quarter valued at about $112,000. American International Group Inc. grew its position in shares of Actua Corporation by 7.1% in the first quarter. American International Group Inc. now owns 22,144 shares of the software maker’s stock valued at $311,000 after purchasing an additional 1,461 shares during the period. Teachers Advisors LLC grew its position in shares of Actua Corporation by 3.2% in the first quarter. Teachers Advisors LLC now owns 88,303 shares of the software maker’s stock valued at $1,241,000 after purchasing an additional 2,718 shares during the period. Geode Capital Management LLC grew its position in shares of Actua Corporation by 3.7% in the first quarter. Geode Capital Management LLC now owns 299,303 shares of the software maker’s stock valued at $4,205,000 after purchasing an additional 10,591 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Actua Corporation by 5.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,510,113 shares of the software maker’s stock valued at $35,267,000 after purchasing an additional 119,156 shares during the period. Institutional investors and hedge funds own 74.56% of the company’s stock.
Actua Corporation (ACTA) opened at $15.45 on Wednesday. Actua Corporation has a 52 week low of $11.85 and a 52 week high of $15.95.
Actua Corporation (NASDAQ:ACTA) last posted its quarterly earnings results on Wednesday, August 9th. The software maker reported ($0.14) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $31.19 million for the quarter, compared to the consensus estimate of $31.57 million. Actua Corporation had a net margin of 67.78% and a negative return on equity of 5.42%. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period last year, the firm posted ($0.35) earnings per share. equities research analysts predict that Actua Corporation will post -0.59 earnings per share for the current fiscal year.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction dated Tuesday, October 17th. The shares were sold at an average price of $15.60, for a total value of $26,317.20. Following the transaction, the chief financial officer now directly owns 155,360 shares of the company’s stock, valued at $2,423,616. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 5,061 shares of company stock worth $68,830. Insiders own 10.20% of the company’s stock.
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Several brokerages have recently issued reports on ACTA. BidaskClub upgraded shares of Actua Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. ValuEngine upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th. Barrington Research lowered shares of Actua Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. Finally, Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 19th. One analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.00.
Actua Corporation 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), 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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