State Street Corp Has $14.69 Million Stock Holdings in Acacia Research Co. (NASDAQ:ACTG)

State Street Corp lifted its holdings in Acacia Research Co. (NASDAQ:ACTG - Free Report) by 9.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,151,647 shares of the business services provider's stock after buying an additional 265,993 shares during the quarter. State Street Corp owned approximately 3.24% of Acacia Research worth $14,687,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in ACTG. Atom Investors LP bought a new position in shares of Acacia Research during the third quarter worth about $56,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Acacia Research in the third quarter valued at approximately $117,000. The Manufacturers Life Insurance Company bought a new position in Acacia Research in the 2nd quarter worth approximately $83,000. XTX Topco Ltd bought a new position in Acacia Research in the 2nd quarter worth approximately $174,000. Finally, Renaissance Technologies LLC raised its stake 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 valued at $7,566,000 after acquiring an additional 6,143 shares in the last quarter. 86.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Acacia Research Stock Up 1.3 %

Shares of Acacia Research stock traded up $0.06 on Wednesday, hitting $4.51. 97,981 shares of the company traded hands, compared to its average volume of 262,055. The company has a market cap of $439.13 million, a PE ratio of 8.51 and a beta of 0.50. The company has a 50-day moving average price of $4.54 and a 200 day moving average price of $4.78. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. Acacia Research Co. has a 12-month low of $3.65 and a 12-month high of $5.74.

Insiders Place Their Bets

In other news, Director Isaac T. Kohlberg sold 15,000 shares of Acacia Research stock in a transaction that occurred 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 transaction, the director now owns 69,274 shares of the company's stock, valued at $316,582.18. This trade represents a 17.80 % decrease in their ownership of the stock. 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.

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.