PEAK6 Investments L.P. raised its stake in Actua Corp (NASDAQ:ACTA) by 89.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,511 shares of the software maker’s stock after acquiring an additional 77,073 shares during the quarter. PEAK6 Investments L.P. owned about 0.50% of Actua worth $2,551,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. ArrowMark Colorado Holdings LLC increased its holdings in shares of Actua by 16.3% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,015,979 shares of the software maker’s stock worth $31,449,000 after purchasing an additional 282,972 shares during the period. Yakira Capital Management Inc. bought a new position in shares of Actua during the fourth quarter worth approximately $3,787,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Actua during the fourth quarter worth approximately $1,944,000. Gabelli Funds LLC bought a new position in shares of Actua during the fourth quarter worth approximately $1,850,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Actua by 7.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,446,119 shares of the software maker’s stock worth $22,559,000 after purchasing an additional 101,600 shares during the period. 72.58% of the stock is currently owned by hedge funds and other institutional investors.
Actua Corp (ACTA) opened at $1.12 on Wednesday. Actua Corp has a fifty-two week low of $0.68 and a fifty-two week high of $16.05. The company has a market cap of $35.67, a P/E ratio of -3.65 and a beta of 1.51.
In other news, CFO Raymond Kirk Morgan sold 1,687 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $15.70, for a total transaction of $26,485.90. Following the transaction, the chief financial officer now directly owns 86,170 shares of the company’s stock, valued at $1,352,869. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.20% of the stock is currently owned by company insiders.
Actua 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), 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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