Acacia Research (NASDAQ:ACTG - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a report released on Thursday.
Acacia Research Trading Down 0.2 %
NASDAQ:ACTG opened at $4.22 on Thursday. The stock has a fifty day simple moving average of $4.28 and a 200-day simple moving average of $4.48. Acacia Research has a 52-week low of $3.88 and a 52-week high of $5.74. The company has a market capitalization of $410.89 million, a PE ratio of 7.96 and a beta of 0.49. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Formidable Asset Management LLC raised its stake in Acacia Research by 1.0% in the 4th quarter. Formidable Asset Management LLC now owns 1,002,922 shares of the business services provider's stock valued at $4,353,000 after purchasing an additional 10,257 shares during the last quarter. Tidal Investments LLC grew its holdings in Acacia Research by 6.2% in the 4th quarter. Tidal Investments LLC now owns 418,143 shares of the business services provider's stock valued at $1,815,000 after buying an additional 24,559 shares during the period. ProShare Advisors LLC purchased a new stake in Acacia Research in the 4th quarter valued at about $46,000. Occudo Quantitative Strategies LP grew its holdings in Acacia Research by 77.7% in the 4th quarter. Occudo Quantitative Strategies LP now owns 23,752 shares of the business services provider's stock valued at $103,000 after buying an additional 10,382 shares during the period. Finally, Deutsche Bank AG purchased a new stake in Acacia Research in the 4th quarter valued at about $40,000. Institutional investors and hedge funds own 86.69% of the company's stock.
Acacia Research Company Profile
(
Get Free Report)
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.
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