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

StockNews.com downgraded shares of Acacia Research (NASDAQ:ACTG - Free Report) from a hold rating to a sell rating in a report released on Thursday.

Acacia Research Price Performance

Shares of ACTG stock traded up $0.06 on Thursday, reaching $4.37. The company had a trading volume of 308,574 shares, compared to its average volume of 263,319. The stock has a market capitalization of $438.66 million, a PE ratio of 8.25 and a beta of 0.53. The company has a quick ratio of 10.90, a current ratio of 11.17 and a debt-to-equity ratio of 0.14. Acacia Research has a one year low of $3.58 and a one year high of $5.74. The business's 50-day moving average is $4.63 and its 200 day moving average is $4.95.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in ACTG. Krilogy Financial LLC increased its stake in shares of Acacia Research by 73.0% in the second quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider's stock valued at $4,073,000 after buying an additional 343,000 shares during the period. Dimensional Fund Advisors LP increased its position 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 valued at $8,878,000 after purchasing an additional 233,759 shares during the period. American Century Companies Inc. increased its position in Acacia Research by 392.1% during the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider's stock valued at $712,000 after purchasing an additional 113,207 shares during the period. Quadrature Capital Ltd acquired a new stake in Acacia Research during the 1st quarter valued at approximately $439,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Acacia Research during the 2nd quarter valued at approximately $354,000. 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.