StockNews.com Downgrades Acacia Research (NASDAQ:ACTG) to Sell

StockNews.com lowered shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a research note published on Thursday morning.

Acacia Research Stock Up 1.4 %

Acacia Research stock opened at $4.43 on Thursday. The stock has a market cap of $431.35 million, a PE ratio of 8.36 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 10.90. The stock’s fifty day moving average is $4.62 and its two-hundred day moving average is $4.95. Acacia Research has a 1-year low of $3.58 and a 1-year high of $5.74.

Institutional Investors Weigh In On Acacia Research

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Acacia Research by 253.0% in the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock valued at $232,000 after purchasing an additional 35,685 shares during the last quarter. XTX Topco Ltd grew its position in shares of Acacia Research by 7.4% in the 3rd quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock valued at $174,000 after buying an additional 2,565 shares during the last quarter. Jane Street Group LLC grew its position in shares of Acacia Research by 141.7% in the 3rd quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock valued at $358,000 after buying an additional 45,031 shares during the last quarter. State Street Corp raised its stake in Acacia Research by 9.2% during the 3rd quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock worth $14,687,000 after acquiring an additional 265,993 shares in the last quarter. Finally, Atom Investors LP purchased a new stake in Acacia Research in the third quarter valued at $56,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

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.