Actua Corp (NASDAQ:ACTA) announced a special dividend on Monday, January 22nd, Wall Street Journal reports. Stockholders of record on Monday, January 29th will be paid a dividend of 14.89 per share by the software maker on Thursday, February 1st. This represents a dividend yield of 0.939432176656152%. The ex-dividend date is Friday, February 2nd.
Shares of Actua (ACTA) traded up $0.10 during midday trading on Monday, hitting $15.85. The stock had a trading volume of 140,300 shares, compared to its average volume of 169,569. Actua has a 1-year low of $11.85 and a 1-year high of $16.05. The company has a market cap of $518.65, a P/E ratio of -51.13 and a beta of 1.67.
Actua (NASDAQ:ACTA) last issued its quarterly earnings results on Thursday, November 9th. The software maker reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate 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 prior year, the company earned ($0.04) earnings per share. research analysts anticipate that Actua will post -1.01 earnings per share for the current fiscal year.
In related news, CFO Raymond Kirk Morgan sold 1,687 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $15.45, for a total transaction of $26,064.15. Following the completion of the transaction, the chief financial officer now owns 89,544 shares in the company, valued at approximately $1,383,454.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 5,061 shares of company stock valued at $78,614 in the last 90 days. Insiders own 10.20% of the company’s stock.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Actua from a “sell” rating to a “hold” rating in a research report on Tuesday, January 16th. BidaskClub lowered Actua from a “sell” rating to a “strong sell” rating in a research report on Tuesday, January 16th. Barrington Research lowered Actua from an “outperform” rating to a “market perform” rating in a research report on Wednesday, October 4th. Finally, ValuEngine upgraded Actua from a “sell” rating to a “hold” rating in a research report on Tuesday, September 26th.
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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