Clayton Partners LLC Has $376,000 Stock Position in Acacia Research Co. (NASDAQ:ACTG)

Clayton Partners LLC reduced its holdings in shares of Acacia Research Co. (NASDAQ:ACTG) by 74.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 75,000 shares of the business services provider’s stock after selling 220,489 shares during the period. Clayton Partners LLC’s holdings in Acacia Research were worth $376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in Acacia Research during the second quarter worth $174,000. Renaissance Technologies LLC lifted its position in 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 buying an additional 6,143 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of 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 worth $8,878,000 after buying an additional 233,759 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Acacia Research by 392.1% in the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 113,207 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Acacia Research in the second quarter valued at about $354,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Acacia Research Stock Performance

NASDAQ ACTG opened at $4.58 on Friday. The firm has a market capitalization of $458.10 million, a P/E ratio of 12.72 and a beta of 0.52. The company has a current ratio of 11.17, a quick ratio of 10.90 and a debt-to-equity ratio of 0.14. The firm’s fifty day moving average price is $4.92 and its two-hundred day moving average price is $5.02. Acacia Research Co. has a 1 year low of $3.43 and a 1 year high of $5.74.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Acacia Research from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

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.