Acacia Research (NASDAQ:ACTG) Raised to Hold at StockNews.com

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

Acacia Research Stock Down 1.4 %

NASDAQ ACTG opened at $4.26 on Tuesday. The stock’s 50-day moving average price is $4.46 and its 200-day moving average price is $4.72. The company has a market capitalization of $414.79 million, a P/E ratio of 8.04 and a beta of 0.52. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. Acacia Research has a 52 week low of $3.66 and a 52 week high of $5.74.

Insider Transactions at Acacia Research

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction 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. This trade represents a 17.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.65% of the company’s stock.

Institutional Investors Weigh In On Acacia Research

Hedge funds have recently bought and sold shares of the business. State Street Corp increased its holdings in shares of Acacia Research by 9.2% in the 3rd quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock worth $14,687,000 after buying an additional 265,993 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Acacia Research in the second quarter worth about $83,000. Dimensional Fund Advisors LP increased its stake in Acacia Research by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock worth $8,878,000 after acquiring an additional 233,759 shares during the last quarter. Barclays PLC increased its stake in Acacia Research by 253.0% during the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after acquiring an additional 35,685 shares during the last quarter. Finally, American Century Companies Inc. raised 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 purchasing an additional 113,207 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Acacia Research Company Profile

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.