Connor Clark & Lunn Investment Management Ltd. Invests $117,000 in Acacia Research Co. (NASDAQ:ACTG)

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Acacia Research Co. (NASDAQ:ACTG) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 25,057 shares of the business services provider’s stock, valued at approximately $117,000.

A number of other large investors have also bought and sold shares of ACTG. Vanguard Group Inc. boosted its holdings in shares of Acacia Research by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock valued at $11,980,000 after buying an additional 13,692 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Acacia Research by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider’s stock worth $338,000 after purchasing an additional 3,018 shares during the period. Krilogy Financial LLC increased its holdings in Acacia Research by 73.0% during the 2nd quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock worth $4,073,000 after purchasing an additional 343,000 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Acacia Research by 18.2% in the second quarter. Bank of New York Mellon Corp now owns 124,099 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 19,134 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Acacia Research during the second quarter worth about $43,000. 86.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Acacia Research from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th.

Insider Activity at Acacia Research

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $4.57, for a total value of $68,550.00. Following the completion of the transaction, the director now directly owns 69,274 shares of the company’s stock, valued at approximately $316,582.18. This trade represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.65% of the stock is owned by company insiders.

Acacia Research Stock Up 1.3 %

Shares of ACTG stock opened at $4.55 on Monday. The firm’s fifty day moving average price is $4.59 and its two-hundred day moving average price is $4.91. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. Acacia Research Co. has a 1 year low of $3.58 and a 1 year high of $5.74. The firm has a market capitalization of $443.03 million, a P/E ratio of 8.59 and a beta of 0.53.

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.