Acacia Research (NASDAQ:ACTG) Upgraded at StockNews.com

StockNews.com upgraded shares of Acacia Research (NASDAQ:ACTG) from a sell rating to a hold rating in a report issued on Tuesday.

Acacia Research Stock Performance

Shares of ACTG stock opened at $4.26 on Tuesday. The company’s fifty day moving average price is $4.46 and its 200-day moving average price is $4.72. The stock has a market cap of $414.79 million, a PE ratio of 8.04 and a beta of 0.52. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. Acacia Research has a 12 month low of $3.66 and a 12 month high of $5.74.

Insider Buying and Selling at Acacia Research

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $4.57, for a total value of $68,550.00. Following the completion of the transaction, the director now owns 69,274 shares in the company, valued at $316,582.18. The trade was a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.65% of the company’s stock.

Hedge Funds Weigh In On Acacia Research

Hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in Acacia Research by 9.2% in the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock valued at $14,687,000 after acquiring an additional 265,993 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Acacia Research by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock valued at $8,878,000 after purchasing an additional 233,759 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Acacia Research by 0.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after purchasing an additional 6,143 shares during the period. Tidal Investments LLC boosted its holdings in shares of Acacia Research by 8.7% in the third quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock worth $1,834,000 after buying an additional 31,352 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Acacia Research by 392.1% during the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after buying an additional 113,207 shares during the period. 86.69% of the stock is owned by institutional investors.

About Acacia Research

Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.