ArrowMark Colorado Holdings LLC Has $128,000 Position in Acacia Research Co. (NASDAQ:ACTG)

ArrowMark Colorado Holdings LLC lowered its position in shares of Acacia Research Co. (NASDAQ:ACTG - Free Report) by 98.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,399 shares of the business services provider's stock after selling 2,376,327 shares during the quarter. ArrowMark Colorado Holdings LLC's holdings in Acacia Research were worth $128,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in Acacia Research during the second quarter worth $43,000. Atom Investors LP bought a new position in shares of Acacia Research in the third quarter valued at $56,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Acacia Research during the second quarter valued at $83,000. Victory Capital Management Inc. grew its position in Acacia Research by 36.0% during the 2nd quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider's stock worth $88,000 after purchasing an additional 4,638 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Acacia Research during the 3rd quarter worth about $117,000. Hedge funds and other institutional investors own 86.69% of the company's stock.

Acacia Research Price Performance

ACTG stock traded down $0.03 during trading on Tuesday, hitting $4.39. The company had a trading volume of 203,697 shares, compared to its average volume of 261,567. The company has a fifty day moving average price of $4.58 and a two-hundred day moving average price of $4.90. 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 fifty-two week low of $3.65 and a fifty-two week high of $5.74. The company has a market cap of $427.45 million, a P/E ratio of 8.34 and a beta of 0.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Acacia Research from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th.

Insider Activity

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the business'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 sale, the director now directly owns 69,274 shares of the company's stock, valued at approximately $316,582.18. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.65% of the stock is owned by insiders.

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.