Acacia Research (NASDAQ:ACTG) Rating Lowered to “Sell” at StockNews.com

Acacia Research (NASDAQ:ACTG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Acacia Research Stock Up 0.2 %

Shares of ACTG opened at $4.33 on Wednesday. The company has a market capitalization of $421.60 million, a price-to-earnings ratio of 8.17 and a beta of 0.52. Acacia Research has a 52 week low of $3.66 and a 52 week high of $5.74. The stock’s 50-day moving average price is $4.45 and its 200-day moving average price is $4.71. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling at Acacia Research

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $4.57, for a total transaction of $68,550.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Acacia Research

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp lifted its position in Acacia Research by 9.2% during the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock worth $14,687,000 after buying an additional 265,993 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Acacia Research in the 2nd quarter valued at approximately $83,000. Barclays PLC boosted its position in shares of Acacia Research by 253.0% during the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after buying an additional 35,685 shares during the period. Dimensional Fund Advisors LP lifted its stake in 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 acquiring an additional 233,759 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in Acacia Research by 141.7% during the third quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock worth $358,000 after purchasing an additional 45,031 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

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.