Acacia Research Co. (NASDAQ:ACTG – Get Free Report) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 910,600 shares, a growth of 15.8% from the August 31st total of 786,200 shares. Based on an average daily volume of 318,000 shares, the short-interest ratio is currently 2.9 days.
Acacia Research Stock Down 0.6 %
Shares of NASDAQ ACTG opened at $4.73 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 11.17 and a quick ratio of 10.90. The company has a market cap of $473.10 million, a P/E ratio of 13.14 and a beta of 0.52. Acacia Research has a 1 year low of $3.43 and a 1 year high of $5.74. The firm has a 50-day simple moving average of $4.84 and a two-hundred day simple moving average of $5.05.
Acacia Research (NASDAQ:ACTG – Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%. The business had revenue of $25.84 million for the quarter.
Institutional Trading of Acacia Research
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of Acacia Research from a “buy” rating to a “hold” rating in a report on Monday, August 12th.
Read Our Latest Stock Report on Acacia Research
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.
Read More
- Five stocks we like better than Acacia Research
- Conference Calls and Individual Investors
- Can Costco Stock Hit New Highs as Interest Rates Drop?
- What Are Dividend Challengers?
- These 3 Stocks Show How to Navigate Declining Consumer Confidence
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy?
Receive News & Ratings for Acacia Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Research and related companies with MarketBeat.com's FREE daily email newsletter.