Krilogy Financial LLC Boosts Stake in Acacia Research Co. (NASDAQ:ACTG)

Krilogy Financial LLC increased its stake in Acacia Research Co. (NASDAQ:ACTG) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,038,000 shares of the business services provider’s stock after acquiring an additional 69,400 shares during the period. Krilogy Financial LLC owned about 1.07% of Acacia Research worth $4,505,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Acacia Research by 18.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 124,099 shares of the business services provider’s stock worth $622,000 after purchasing an additional 19,134 shares in the last quarter. Victory Capital Management Inc. lifted its position in Acacia Research by 36.0% in the 2nd quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock worth $88,000 after buying an additional 4,638 shares during the last quarter. American Century Companies Inc. boosted its stake in Acacia Research by 392.1% in the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock worth $712,000 after buying an additional 113,207 shares in the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $8,878,000 after acquiring an additional 233,759 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of Acacia Research by 0.4% during the second quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after acquiring an additional 6,143 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Acacia Research from a “hold” rating to a “sell” rating in a research note on Wednesday.

Acacia Research Stock Up 0.5 %

ACTG opened at $4.39 on Friday. Acacia Research Co. has a 12 month low of $3.68 and a 12 month high of $5.74. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $4.43 and its 200-day moving average price is $4.69. The company has a market cap of $427.45 million, a P/E ratio of 8.28 and a beta of 0.52.

Insider Buying and Selling

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $4.57, for a total transaction of $68,550.00. Following the completion of the sale, the director now directly owns 69,274 shares in the company, valued at $316,582.18. This represents a 17.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.65% of the stock is owned by corporate insiders.

Acacia Research 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.