Los Angeles Capital Management LLC Has $271,000 Holdings in Acacia Research Co. (NASDAQ:ACTG)

Los Angeles Capital Management LLC reduced its holdings in Acacia Research Co. (NASDAQ:ACTG) by 17.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 58,161 shares of the business services provider’s stock after selling 12,557 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Acacia Research were worth $271,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in ACTG. Innealta Capital LLC bought a new stake in Acacia Research in the 2nd quarter valued at $43,000. The Manufacturers Life Insurance Company bought a new stake in shares of Acacia Research in the second quarter valued at about $83,000. Victory Capital Management Inc. grew its position in Acacia Research by 36.0% during the second 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 in the last quarter. BNP Paribas Financial Markets increased its stake 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 acquiring an additional 16,735 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Acacia Research in the second quarter valued at $174,000. 86.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Acacia Research from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th.

Acacia Research Stock Up 1.8 %

ACTG opened at $4.51 on Tuesday. The firm has a market cap of $439.14 million, a price-to-earnings ratio of 8.51 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 10.90 and a current ratio of 16.39. The firm’s 50-day simple moving average is $4.62 and its 200-day simple moving average is $4.95. Acacia Research Co. has a twelve month low of $3.58 and a twelve month high of $5.74.

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.