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

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

Acacia Research Trading Up 0.5 %

NASDAQ ACTG opened at $4.39 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39. The firm has a market cap of $427.45 million, a price-to-earnings ratio of 8.28 and a beta of 0.52. The firm has a 50 day simple moving average of $4.43 and a 200-day simple moving average of $4.70. Acacia Research has a one year low of $3.68 and a one year high of $5.74.

Insider Transactions at Acacia Research

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

Hedge Funds Weigh In On Acacia Research

A number of institutional investors and hedge funds have recently made changes to their positions in ACTG. State Street Corp lifted its stake 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 worth $14,687,000 after acquiring an additional 265,993 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Acacia Research during the 2nd quarter worth $83,000. Barclays PLC grew its stake in shares of 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 purchasing an additional 35,685 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of 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 purchasing an additional 233,759 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in Acacia Research by 141.7% in the third 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. 86.69% of the stock is owned by institutional investors and hedge funds.

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.