Acacia Research (NASDAQ:ACTG - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Saturday.
Acacia Research Stock Performance
Shares of NASDAQ:ACTG traded down $0.02 during trading on Friday, hitting $3.40. 315,506 shares of the company were exchanged, compared to its average volume of 254,383. Acacia Research has a 52-week low of $3.37 and a 52-week high of $5.74. The stock has a 50 day moving average of $4.15 and a 200 day moving average of $4.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. The company has a market cap of $326.69 million, a PE ratio of 6.42 and a beta of 0.49.
Institutional Investors Weigh In On Acacia Research
Several hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd boosted its position in shares of Acacia Research by 7.4% in the third quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider's stock valued at $174,000 after acquiring an additional 2,565 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in Acacia Research by 5.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,399 shares of the business services provider's stock worth $232,000 after purchasing an additional 2,581 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Acacia Research by 28.1% in the 4th quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider's stock valued at $86,000 after purchasing an additional 4,327 shares during the period. Wells Fargo & Company MN grew its position in shares of Acacia Research by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 22,160 shares of the business services provider's stock valued at $96,000 after purchasing an additional 4,825 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Acacia Research by 14.1% in the fourth quarter. Barclays PLC now owns 56,787 shares of the business services provider's stock worth $247,000 after purchasing an additional 6,999 shares during the period. 86.69% of the stock is currently owned by institutional investors.
Acacia Research Company Profile
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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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