Here is the rundown on market activity for Actua Corporation (NASDAQ:ACTA). Raymond Kirk Morgan, CFO reported the sale of 20,000 shares of (ACTA). The shares were purchased at an average price of $12.02. The CFO now owns $2,378,229 of the stock per the Form 4 SEC filing. H. Richard Jr Haverstick, Director disclosed the purchase of 15,000 shares. The shares were bought on June 20th for an average price of $9.40. Haverstick now owns $217,601 of the stock according to the SEC filing.
Yesterday CEO Walter W. Iii Buckley disclosed the purchase of 10,000 shares of ACTA stock. The shares were bought on May 17th for an average price of $8.82. Buckley now owns $1,184,067 of the stock according to the SEC filing.
The following firms have also recently changed their position in ACTA. Royal Bank Of Canada grew its stake by buying 14,000 shares an increase of 73.7% as of 06/30/2016. Royal Bank Of Canada now holds 33,000 shares with a value of $298,000. The value of the position overall is up by 73.3%. As of the end of the quarter Schwab Charles Investment Management Inc had bought a total of 3,055 shares growing its holdings by 2.6%. The value of the investment in ACTA went from $1,341,000 to $1,085,000 decreasing 19.1% quarter to quarter.
As of quarter end Polar Asset Management Partners Inc. had acquired 283,932 shares growing its position 23.9%. The value of the total investment in Actua Corporation increased from $10,760,000 to $13,300,000 a change of $2,540,000 quarter over quarter. D. E. Shaw & CO., Inc. expanded its ownership by buying 15,983 shares an increase of 10.5% from 03/31/2016 to 06/30/2016. D. E. Shaw & CO., Inc. currently owns 168,928 shares valued at $1,525,000. The total value of its holdings increased 10.2%.
February 29 investment analysts at Northland Securities left the company rating at “Outperform” and lowered the price expectation to $18.00 from $25.00.
The company is up by 2.95% since yesterday’s close of $12.22. Company chares are trading at $12.58 which is a tad above $10.30, the stock’s 50 day moving average and just above the 200 day moving average of $9.66. The 50 day moving average was up $2.28 and the 200 day average went up by +30.20%.
In the latest earnings report the EPS was $-2.51 and is estimated to be $-0.38 for the current year with 36,814,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $-0.07 with next year’s EPS anticipated to be $-0.07.
Investors are more bullish on Actua Corporation of late as shown by the downtick in short interest. The firm realized a fall in short interest of -0.01% as of September 15, 2016 from the last reporting period. Short interest fell from 1,116,789 to 1,100,581 over that period. Days to cover decreased -2.0 to 17.0 and the percentage of shorted shares was 0.03% on September 15.