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

Acacia Research (NASDAQ:ACTG) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Friday.

Acacia Research Trading Up 1.8 %

Acacia Research stock opened at $4.60 on Friday. Acacia Research has a 52 week low of $3.43 and a 52 week high of $5.74. The stock has a 50-day moving average price of $4.68 and a 200 day moving average price of $5.03. The company has a quick ratio of 10.90, a current ratio of 11.17 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $460.10 million, a price-to-earnings ratio of 12.78 and a beta of 0.52.

Acacia Research (NASDAQ:ACTG) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.02) EPS for the quarter. The business 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%.

Hedge Funds Weigh In On Acacia Research

Several institutional investors and hedge funds have recently modified their holdings of ACTG. Innealta Capital LLC purchased a new position in Acacia Research during the second quarter valued at approximately $43,000. The Manufacturers Life Insurance Company purchased a new position in shares of Acacia Research during the 2nd quarter valued at approximately $83,000. Victory Capital Management Inc. lifted its stake in shares of 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 valued at $88,000 after purchasing an additional 4,638 shares during the period. Counterpoint Mutual Funds LLC purchased a new stake in Acacia Research during the first quarter worth $136,000. Finally, BNP Paribas Financial Markets grew its position in Acacia Research by 146.4% during the first quarter. BNP Paribas Financial Markets now owns 28,165 shares of the business services provider’s stock valued at $150,000 after buying an additional 16,735 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

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.