Jane Street Group LLC Has $358,000 Position in Acacia Research Co. (NASDAQ:ACTG)

Jane Street Group LLC grew its stake in Acacia Research Co. (NASDAQ:ACTG) by 141.7% during the third quarter, HoldingsChannel reports. The firm owned 76,818 shares of the business services provider’s stock after buying an additional 45,031 shares during the quarter. Jane Street Group LLC’s holdings in Acacia Research were worth $358,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Atom Investors LP acquired a new stake in shares of Acacia Research in the 3rd quarter valued at approximately $56,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Acacia Research in the 2nd quarter valued at approximately $83,000. Victory Capital Management Inc. boosted 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Acacia Research in the 3rd quarter valued at approximately $117,000. Finally, XTX Topco Ltd acquired a new stake in shares of Acacia Research in the 2nd quarter valued at approximately $174,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Acacia Research Stock Down 1.4 %

NASDAQ:ACTG opened at $4.26 on Thursday. The firm’s 50 day simple moving average is $4.46 and its 200 day simple moving average is $4.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. Acacia Research Co. has a one year low of $3.66 and a one year high of $5.74. The company has a market cap of $414.79 million, a PE ratio of 8.04 and a beta of 0.52.

Insider Buying and Selling

In related news, Director Isaac T. Kohlberg sold 15,000 shares of Acacia Research stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $4.57, for a total transaction of $68,550.00. Following the sale, the director now directly owns 69,274 shares in the company, valued at $316,582.18. This trade represents a 17.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.65% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Acacia Research from a “sell” rating to a “hold” rating in a research note on Tuesday.

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.