Goldman Capital Management Inc buys $9.3 Million stake in Actua Corp (ACTA)

Actua Corp (ACTA) : Goldman Capital Management Inc scooped up 133,500 additional shares in Actua Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 1,024,500 shares of Actua Corp which is valued at $9.3 Million.Actua Corp makes up approximately 7.97% of Goldman Capital Management Inc’s portfolio.

Other Hedge Funds, Including , Palisade Capital Managementnj sold out all of its stake in ACTA during the most recent quarter. The investment firm sold 116,840 shares of ACTA which is valued $1.1 Million.Blackrock Group Ltd boosted its stake in ACTA in the latest quarter, The investment management firm added 17,021 additional shares and now holds a total of 187,065 shares of Actua Corp which is valued at $1.7 Million. Tfs Capital added ACTA to its portfolio by purchasing 20,901 company shares during the most recent quarter which is valued at $190,408. Actua Corp makes up approx 0.03% of Tfs Capital’s portfolio.

Actua Corp opened for trading at $9.45 and hit $9.69 on the upside on Wednesday, eventually ending the session at $9.55, with a gain of 0.84% or 0.08 points. The heightened volatility saw the trading volume jump to 69,444 shares. Company has a market cap of $377 M.

On the company’s financial health, Actua Corp reported $-0.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.26 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.37. The company had revenue of $34.60 million for the quarter, compared to analysts expectations of $34.23 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.10 EPS.

Actua Corporation formerly ICG Group Inc. is a multi-vertical cloud technology company. The Company operates through two segments: the vertical cloud segment and the vertical cloud (venture) segment. The vertical cloud-based businesses include BOLT Solutions Inc. (Bolt) FolioDynamix GovDelivery Holdings Inc. (GovDelivery) and MSDSonline Holdings Inc. (MSDSonline) 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.

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