Pacific Ridge Capital Partners LLC Has $5.13 Million Stake in Acacia Research Co. (NASDAQ:ACTG)

Pacific Ridge Capital Partners LLC reduced its stake in shares of Acacia Research Co. (NASDAQ:ACTG) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024,560 shares of the business services provider’s stock after selling 25,167 shares during the quarter. Acacia Research accounts for 1.2% of Pacific Ridge Capital Partners LLC’s portfolio, making the stock its 29th largest position. Pacific Ridge Capital Partners LLC’s holdings in Acacia Research were worth $5,133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in shares of Acacia Research by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock worth $11,980,000 after purchasing an additional 13,692 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Acacia Research by 15.2% in 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. Renaissance Technologies LLC boosted its holdings in shares of Acacia Research by 0.4% in the 2nd 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. Krilogy Financial LLC grew its position in Acacia Research by 73.0% during the 2nd quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock worth $4,073,000 after acquiring an additional 343,000 shares during the last quarter. Finally, Acuitas Investments LLC grew its position in Acacia Research by 0.5% during the 2nd quarter. Acuitas Investments LLC now owns 497,916 shares of the business services provider’s stock worth $2,495,000 after acquiring an additional 2,699 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

Acacia Research Trading Down 0.6 %

ACTG opened at $4.73 on Friday. Acacia Research Co. has a 1-year low of $3.43 and a 1-year high of $5.74. The firm has a 50-day moving average price of $4.84 and a two-hundred day moving average price of $5.05. The stock has a market capitalization of $473.10 million, a PE ratio of 13.14 and a beta of 0.52. The company has a current ratio of 11.17, a quick ratio of 10.90 and a debt-to-equity ratio of 0.14.

Acacia Research (NASDAQ:ACTG) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share for the quarter. The company had revenue of $25.84 million during the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Acacia Research from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

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.