15,760 Shares in Actua Corporation (ACTA) Purchased by K2 Principal Fund L.P.
K2 Principal Fund L.P. bought a new stake in Actua Corporation (NASDAQ:ACTA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,760 shares of the software maker’s stock, valued at approximately $241,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Macquarie Group Ltd. bought a new position in Actua Corporation in the 3rd quarter valued at about $382,000. SG Americas Securities LLC bought a new position in shares of Actua Corporation during the 3rd quarter valued at about $197,000. Russell Investments Group Ltd. bought a new position in shares of Actua Corporation during the 3rd quarter valued at about $141,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Actua Corporation during the 3rd quarter valued at about $335,000. Finally, Dynamic Technology Lab Private Ltd boosted its position in shares of Actua Corporation by 50.2% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 31,384 shares of the software maker’s stock valued at $441,000 after purchasing an additional 10,484 shares in the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.
Actua Corporation (ACTA) opened at $15.55 on Friday. Actua Corporation has a 12-month low of $11.85 and a 12-month high of $15.95.
Actua Corporation (NASDAQ:ACTA) last posted its quarterly earnings data on Thursday, November 9th. The software maker reported ($0.19) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.05). Actua Corporation 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 business posted ($0.04) EPS. research analysts forecast that Actua Corporation will post -0.59 earnings per share for the current year.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’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 completion of the transaction, the chief financial officer now owns 153,673 shares in the company, valued at approximately $2,374,247.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 5,061 shares of company stock valued at $72,794. Insiders own 10.20% of the company’s stock.
Several equities analysts have recently weighed in on ACTA shares. BidaskClub lowered shares of Actua Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research lowered shares of Actua Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. ValuEngine lowered shares of Actua Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 13th. Finally, Barrington Research lowered shares of Actua Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th.
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About Actua Corporation
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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