Shares are trading at $15.55 just above $14.15, the 50 day moving average and which is impressively higher than the 200 day moving average of $13.84. The 50 day moving average was up $1.40 or +9.90% whereas the 200 day moving average was up $1.71 or +12.38%. Actua Corporation shares had a trading volume of 70K in the last trading session. Volume was down 67.24% under the stocks average daily volume.
Investors are a little more bullish on Actua Corporation if you put credence in the downtick in short interest. The firm experienced a fall in short interest of -28.93% between September 15, 2017 and September 29, 2017. Short interest decreased 206,013 over that timeframe. With short interest at 506,189 and short average daily volume at 300,514, days to cover is 2.0 and the percentage of shorted shares was 0.02% on September 29.
Actua Corporation (NASDAQ:ACTA) has been the object of insider selling activity recently. Raymond Kirk Morgan, CFO sold $20,413 worth of shares at an average price of $12.10 on Tue the 19th. The CFO now owns $1,900,269 of the stock per an SEC filing yesterday.
A few notable investment firms have updated their holdings. Kalmar Investments Inc /de/ downsized its investment by shedding 31,130 shares a decrease of 27.9%. Kalmar Investments Inc /de/ owns 80,442 shares valued at $1,130,000. The value of the position overall is down by 27.7%. Cutler Group LP divested its position by selling 1,395 shares a decrease of 55.9% as of 09/30/2017. Cutler Group LP now controls 1,100 shares with a value of $0. The total value of its holdings decreased 100.0%.
As of the end of the quarter Meeder Asset Management Inc had acquired 100 shares growing its stake by 55.9%. The value of the investment in (ACTA) went from $3,000 to $4,000 increasing 33.3% quarter over quarter. Conestoga Capital Advisors, LLC reduced its holdings by selling 1,500 shares a decrease of 10.5% in the quarter. Conestoga Capital Advisors, LLC controls 12,800 shares worth $196,000. The value of the position overall is down by 2.5%.
The company currently has a P/E ratio of 6.56 and the market cap of the company is 481.46M. As of the last earnings report the EPS was $2.37 and is expected to be $-0.12 for the current year with 30,962,000 shares now outstanding. Next quarter’s EPS is forecasted at $-0.03 and the next full year EPS is projected to be $0.09.
Actua Corporation, formerly ICG Group, Inc., launched on February 2, 1999, 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 Business’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. The vertical cloud (venture) businesses include InstaMed Holdings, Inc. (InstaMed) and Parchment Inc. (Parchment), which operate a cloud-based healthcare payments network and an education credentials technology, respectively..