StockNews.com cut shares of Acacia Research (NASDAQ:ACTG - Free Report) from a hold rating to a sell rating in a report published on Tuesday morning.
Acacia Research Stock Performance
Acacia Research stock traded up $0.04 during midday trading on Tuesday, reaching $4.20. 127,180 shares of the stock traded hands, compared to its average volume of 134,497. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $4.33 and a two-hundred day moving average price of $4.51. The firm has a market cap of $408.95 million, a price-to-earnings ratio of 7.92 and a beta of 0.51. Acacia Research has a fifty-two week low of $3.92 and a fifty-two week high of $5.74.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Formidable Asset Management LLC boosted its stake in Acacia Research by 1.0% during 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 period. Tidal Investments LLC lifted its stake in shares of Acacia Research by 6.2% in the 4th quarter. Tidal Investments LLC now owns 418,143 shares of the business services provider's stock worth $1,815,000 after acquiring an additional 24,559 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Acacia Research in the 4th quarter worth approximately $46,000. Occudo Quantitative Strategies LP lifted its stake in shares of 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 worth $103,000 after acquiring an additional 10,382 shares during the period. Finally, Deutsche Bank AG acquired a new stake in shares of Acacia Research in the 4th quarter worth approximately $40,000. 86.69% of the stock is owned by institutional investors and hedge funds.
About Acacia Research
(
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.
Featured Articles
Before you consider Acacia Research, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Acacia Research wasn't on the list.
While Acacia Research currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
