Empowered Funds LLC Decreases Stock Holdings in Acacia Research Co. (NASDAQ:ACTG)

Empowered Funds LLC lowered its stake in Acacia Research Co. (NASDAQ:ACTG - Free Report) by 58.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 76,545 shares of the business services provider's stock after selling 109,251 shares during the period. Empowered Funds LLC owned approximately 0.08% of Acacia Research worth $357,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ACTG. Acuitas Investments LLC lifted its holdings in shares of Acacia Research by 0.5% in the 2nd quarter. Acuitas Investments LLC now owns 497,916 shares of the business services provider's stock worth $2,495,000 after acquiring an additional 2,699 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Acacia Research by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider's stock worth $338,000 after purchasing an additional 3,018 shares during the period. Victory Capital Management Inc. lifted its stake in Acacia Research by 36.0% in the second quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider's stock worth $88,000 after purchasing an additional 4,638 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Acacia Research by 0.4% during the second quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider's stock valued at $7,566,000 after buying an additional 6,143 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Acacia Research during the second quarter valued at approximately $43,000. 86.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Acacia Research from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th.

Acacia Research Trading Down 1.7 %

Shares of NASDAQ ACTG traded down $0.08 during mid-day trading on Tuesday, reaching $4.50. The company had a trading volume of 126,183 shares, compared to its average volume of 261,730. Acacia Research Co. has a 52 week low of $3.58 and a 52 week high of $5.74. The business's 50-day moving average is $4.60 and its 200-day moving average is $4.93. The stock has a market cap of $438.16 million, a price-to-earnings ratio of 8.57 and a beta of 0.53. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of Acacia Research stock in a transaction on Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction of $68,550.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.65% of the company's stock.

Acacia Research 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.