Ritholtz Wealth Management reduced its position in shares of Acacia Research Co. (NASDAQ:ACTG – Free Report) by 22.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 10,794 shares of the business services provider’s stock after selling 3,101 shares during the quarter. Ritholtz Wealth Management’s holdings in Acacia Research were worth $47,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of ACTG. XTX Topco Ltd lifted its stake in shares of Acacia Research by 7.4% during the third quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock valued at $174,000 after buying an additional 2,565 shares during the period. Victory Capital Management Inc. raised its holdings in 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 acquiring an additional 4,638 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Acacia Research by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after purchasing an additional 6,143 shares during the period. Atom Investors LP acquired a new stake in shares of Acacia Research during the third quarter worth $56,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Acacia Research in the second quarter valued at $83,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other news, Director Isaac T. Kohlberg sold 15,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction of $68,550.00. Following the completion of the sale, the director now directly owns 69,274 shares in the company, valued at $316,582.18. This represents a 17.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.65% of the stock is currently owned by insiders.
Acacia Research Price Performance
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th.
Get Our Latest Analysis on ACTG
Acacia Research 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.
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