Renaissance Technologies LLC increased its stake in shares of Actua Corporation (NASDAQ:ACTA) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 663,919 shares of the software maker’s stock after buying an additional 1,800 shares during the period. Renaissance Technologies LLC’s holdings in Actua Corporation were worth $9,328,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its position in 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. Nationwide Fund Advisors increased its position in 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. Bank of New York Mellon Corp increased its position in 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. SG Americas Securities LLC bought a new position in Actua Corporation during the first quarter valued at $112,000. Finally, American International Group Inc. increased its position in 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 buying an additional 1,461 shares during the period. Institutional investors own 73.98% of the company’s stock.
Actua Corporation (NASDAQ:ACTA) opened at 12.00 on Thursday. The stock has a market capitalization of $381.73 million, a P/E ratio of 5.68 and a beta of 1.62. The stock has a 50 day moving average price of $13.87 and a 200 day moving average price of $13.99. Actua Corporation has a 12 month low of $9.42 and a 12 month high of $15.28.
Actua Corporation (NASDAQ:ACTA) last posted its earnings results on Wednesday, August 9th. The software maker reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.15) by $0.14. Actua Corporation had a negative return on equity of 6.45% and a net margin of 60.05%. The firm had revenue of $31.19 million for the quarter, compared to analysts’ expectations of $31.57 million. During the same period last year, the firm earned ($0.35) EPS. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Equities analysts predict that Actua Corporation will post ($0.12) EPS for the current fiscal year.
Several equities analysts recently weighed in on ACTA shares. Zacks Investment Research upgraded Actua Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub downgraded Actua Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday.
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.
Receive News & Ratings for Actua Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Actua Corporation and related companies with MarketBeat.com's FREE daily email newsletter.