BidaskClub Downgrades Actua (NASDAQ:ACTA) to Strong Sell

BidaskClub lowered shares of Actua (NASDAQ:ACTA) from a sell rating to a strong sell rating in a research report released on Tuesday, January 16th.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Actua from a sell rating to a hold rating in a report on Tuesday, September 19th. ValuEngine raised shares of Actua from a sell rating to a hold rating in a report on Tuesday, September 26th. Finally, Barrington Research lowered shares of Actua from an outperform rating to a market perform rating in a report on Wednesday, October 4th.

Actua (ACTA) traded up $0.02 during midday trading on Tuesday, reaching $0.79. 632,829 shares of the company’s stock traded hands, compared to its average volume of 944,404. Actua has a fifty-two week low of $0.68 and a fifty-two week high of $16.05. The stock has a market capitalization of $28.16, a price-to-earnings ratio of -2.55 and a beta of 1.61.

Actua (NASDAQ:ACTA) last released its quarterly earnings results on Thursday, November 9th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.14) by ($0.05). Actua had a negative return on equity of 5.80% and a net margin of 67.78%. During the same quarter in the previous year, the business earned ($0.04) earnings per share. equities research analysts anticipate that Actua will post -1.01 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Thursday, February 1st. Shareholders of record on Monday, January 29th were issued a $14.89 dividend. This represents a yield of 0.939432176656152%. The ex-dividend date was Friday, February 2nd.

In other Actua news, CFO Raymond Kirk Morgan sold 1,687 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $15.45, for a total value of $26,064.15. Following the sale, the chief financial officer now directly owns 89,544 shares of the company’s stock, valued at $1,383,454.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders sold 5,061 shares of company stock worth $78,614. 10.20% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Russell Investments Group Ltd. acquired a new position in shares of Actua in the third quarter worth about $141,000. Tudor Investment Corp ET AL acquired a new position in shares of Actua in the second quarter worth about $162,000. SG Americas Securities LLC acquired a new position in shares of Actua in the third quarter worth about $197,000. Numeric Investors LLC acquired a new position in shares of Actua in the second quarter worth about $191,000. Finally, UBS Asset Management Americas Inc. acquired a new position in shares of Actua in the second quarter worth about $201,000. Institutional investors and hedge funds own 72.51% of the company’s stock.

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About Actua

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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