StockNews.com Downgrades Acacia Research (NASDAQ:ACTG) to Sell

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

Acacia Research Stock Performance

Shares of Acacia Research stock traded up $0.04 during trading on Wednesday, hitting $4.37. 152,577 shares of the company's stock were exchanged, compared to its average volume of 153,942. The stock has a market capitalization of $425.50 million, a price-to-earnings ratio of 8.25 and a beta of 0.52. The business has a 50-day simple moving average of $4.45 and a 200-day simple moving average of $4.71. Acacia Research has a 52-week low of $3.66 and a 52-week high of $5.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39.

Insider Activity

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 transaction of $68,550.00. Following the completion of the transaction, the director now directly owns 69,274 shares of the company's stock, valued at $316,582.18. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.65% of the company's stock.

Institutional Trading of Acacia Research

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Acacia Research by 9.2% during the 3rd quarter. State Street Corp now owns 3,151,647 shares of the business services provider's stock worth $14,687,000 after acquiring an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Acacia Research by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider's stock worth $8,878,000 after purchasing an additional 233,759 shares during the period. American Century Companies Inc. boosted its position in Acacia Research by 392.1% during the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider's stock worth $712,000 after purchasing an additional 113,207 shares in the last quarter. Krilogy Financial LLC grew its holdings in Acacia Research by 7.2% in the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider's stock valued at $4,505,000 after purchasing an additional 69,400 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Acacia Research by 141.7% in the third quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider's stock valued at $358,000 after buying an additional 45,031 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Acacia Research Company 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.