Marshall Wace LLP Sells 4,577 Shares of Acacia Research Co. (NASDAQ:ACTG)

Marshall Wace LLP lowered its stake in shares of Acacia Research Co. (NASDAQ:ACTG) by 10.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,939 shares of the business services provider’s stock after selling 4,577 shares during the period. Marshall Wace LLP’s holdings in Acacia Research were worth $195,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Krilogy Financial LLC lifted its holdings 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 valued at $4,073,000 after purchasing an additional 343,000 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Acacia Research by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock valued at $8,878,000 after purchasing an additional 233,759 shares during the last quarter. American Century Companies Inc. lifted its holdings in Acacia Research by 392.1% during the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 113,207 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in Acacia Research during the 1st quarter valued at $439,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Acacia Research during the 2nd quarter valued at $354,000. Institutional investors own 86.69% of the company’s stock.

Acacia Research Stock Up 1.8 %

ACTG stock opened at $4.60 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 stock has a market capitalization of $460.10 million, a price-to-earnings ratio of 12.78 and a beta of 0.52. The business’s fifty day moving average price is $4.68 and its two-hundred day moving average price is $5.03. Acacia Research Co. has a fifty-two week low of $3.43 and a fifty-two week high of $5.74.

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

Analysts Set New Price Targets

Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a report on Friday.

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.