Levin Capital Strategies L.P. lifted its holdings in Acacia Research Co. (NASDAQ:ACTG - Free Report) by 76.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 183,996 shares of the business services provider's stock after purchasing an additional 79,545 shares during the period. Levin Capital Strategies L.P. owned about 0.19% of Acacia Research worth $799,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in ACTG. XTX Topco Ltd grew its position in Acacia Research by 7.4% during the third quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider's stock valued at $174,000 after purchasing an additional 2,565 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Acacia Research by 28.1% during the 4th quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider's stock worth $86,000 after buying an additional 4,327 shares during the period. Atom Investors LP acquired a new position in Acacia Research during the 3rd quarter valued at $56,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Acacia Research during the 3rd quarter valued at $117,000. Finally, Tidal Investments LLC raised its stake in Acacia Research by 8.7% during the 3rd quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider's stock valued at $1,834,000 after purchasing an additional 31,352 shares during the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.
Acacia Research Trading Up 1.0 %
Shares of NASDAQ:ACTG traded up $0.04 during mid-day trading on Wednesday, reaching $3.98. The stock had a trading volume of 245,305 shares, compared to its average volume of 148,538. 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 market cap of $387.52 million, a PE ratio of 7.51 and a beta of 0.51. The firm has a 50 day simple moving average of $4.31 and a two-hundred day simple moving average of $4.50. Acacia Research Co. has a twelve month low of $3.88 and a twelve month high of $5.74.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Acacia Research from a "sell" rating to a "hold" rating in a research report on Wednesday.
Read Our Latest Stock Analysis on ACTG
Acacia Research Company Profile
(
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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