Acacia Research Co. (NASDAQ:ACTG) Short Interest Update

Acacia Research Co. (NASDAQ:ACTG - Get Free Report) was the target of a large decline in short interest in the month of December. As of December 31st, there was short interest totalling 1,250,000 shares, a decline of 7.4% from the December 15th total of 1,350,000 shares. Based on an average trading volume of 259,000 shares, the short-interest ratio is presently 4.8 days.

Insider Buying and Selling at Acacia Research

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

Institutional Trading of Acacia Research

Large investors have recently modified their holdings of the business. Atom Investors LP purchased a new stake in Acacia Research in the third quarter valued at approximately $56,000. The Manufacturers Life Insurance Company bought a new position in shares of Acacia Research in the 2nd quarter worth $83,000. Victory Capital Management Inc. raised its position in shares of 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 valued at $88,000 after buying an additional 4,638 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Acacia Research by 28.1% during the 4th quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider's stock worth $86,000 after acquiring an additional 4,327 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Acacia Research in the third quarter worth $117,000. Institutional investors own 86.69% of the company's stock.

Acacia Research Price Performance

Shares of Acacia Research stock traded up $0.02 during trading on Friday, hitting $4.39. The stock had a trading volume of 207,387 shares, compared to its average volume of 181,731. The firm has a market cap of $427.45 million, a price-to-earnings ratio of 8.28 and a beta of 0.52. Acacia Research has a 12 month low of $3.68 and a 12 month high of $5.74. The business's 50-day moving average is $4.43 and its 200 day moving average is $4.70. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of Acacia Research from a "hold" rating to a "sell" rating in a research report on Wednesday.

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.