American International Group Inc. raised its stake in shares of Actua Corporation (NASDAQ:ACTA) by 7.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,144 shares of the software maker’s stock after buying an additional 1,461 shares during the period. American International Group Inc.’s holdings in Actua Corporation were worth $311,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Nationwide Fund Advisors raised its stake in shares of Actua Corporation by 1.0% in the first quarter. Nationwide Fund Advisors now owns 31,620 shares of the software maker’s stock valued at $444,000 after buying an additional 316 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Actua Corporation during the first quarter valued at about $112,000. Bank of New York Mellon Corp raised its stake in shares of Actua Corporation by 9.7% in the first quarter. Bank of New York Mellon Corp now owns 326,072 shares of the software maker’s stock valued at $4,581,000 after buying an additional 28,882 shares during the period. Renaissance Technologies LLC raised its stake in shares of Actua Corporation by 19.9% in the fourth quarter. Renaissance Technologies LLC now owns 662,119 shares of the software maker’s stock valued at $9,270,000 after buying an additional 110,100 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Actua Corporation by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,390,957 shares of the software maker’s stock valued at $33,474,000 after buying an additional 160,963 shares during the period. Institutional investors own 74.59% of the company’s stock.
Shares of Actua Corporation (ACTA) opened at 13.60 on Friday. The company’s 50-day moving average is $14.09 and its 200 day moving average is $14.04. The company has a market capitalization of $432.63 million, a price-to-earnings ratio of 6.44 and a beta of 1.63. Actua Corporation has a 12 month low of $9.42 and a 12 month high of $15.27.
Actua Corporation (NASDAQ:ACTA) last issued its quarterly earnings results on Thursday, May 4th. The software maker reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by $0.01. Actua Corporation had a negative return on equity of 6.45% and a net margin of 60.05%. The business had revenue of $30.50 million during the quarter, compared to analyst estimates of $29.43 million. During the same quarter last year, the company posted ($0.11) EPS. Actua Corporation’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts anticipate that Actua Corporation will post ($0.12) earnings per share for the current year.
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Separately, Zacks Investment Research upgraded shares of Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th.
Actua Corporation 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), 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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