Los Angeles Capital Management & Equity Research Inc. purchased a new position in Actua Corporation (NASDAQ:ACTA) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 21,900 shares of the software maker’s stock, valued at approximately $335,000. Los Angeles Capital Management & Equity Research Inc. owned 0.07% of Actua at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trexquant Investment LP acquired a new stake in shares of Actua in the 2nd quarter worth approximately $149,000. Tudor Investment Corp ET AL purchased a new stake in Actua in the 2nd quarter valued at approximately $162,000. Bank of America Corp DE lifted its stake in Actua by 14.2% in the 1st quarter. Bank of America Corp DE now owns 11,671 shares of the software maker’s stock valued at $164,000 after buying an additional 1,455 shares in the last quarter. Numeric Investors LLC purchased a new stake in Actua in the 2nd quarter valued at approximately $191,000. Finally, Aperio Group LLC purchased a new stake in Actua in the 2nd quarter valued at approximately $193,000. Institutional investors and hedge funds own 72.51% of the company’s stock.
In other Actua news, CFO Raymond Kirk Morgan sold 1,687 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $15.45, for a total transaction of $26,064.15. Following the transaction, the chief financial officer now owns 153,673 shares of the company’s stock, valued at approximately $2,374,247.85. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 5,061 shares of company stock worth $72,794. 10.20% of the stock is owned by corporate insiders.
Shares of Actua Corporation (ACTA) opened at $15.50 on Monday. Actua Corporation has a 52 week low of $11.85 and a 52 week high of $15.95.
Actua (NASDAQ:ACTA) last posted its earnings results on Thursday, November 9th. The software maker reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.05). Actua had a net margin of 67.78% and a negative return on equity of 5.80%. During the same period in the previous year, the business posted ($0.04) earnings per share. research analysts expect that Actua Corporation will post -0.59 EPS for the current fiscal year.
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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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