Acacia Research Co. (NASDAQ:ACTG) Short Interest Update

Acacia Research Co. (NASDAQ:ACTG - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,310,000 shares, a growth of 22.4% from the September 30th total of 1,070,000 shares. Based on an average daily trading volume, of 327,400 shares, the short-interest ratio is presently 4.0 days.

Acacia Research Stock Down 0.2 %

Acacia Research stock traded down $0.01 during midday trading on Monday, hitting $4.74. 133,517 shares of the stock were exchanged, compared to its average volume of 255,441. Acacia Research has a 52-week low of $3.50 and a 52-week high of $5.74. The company has a quick ratio of 10.90, a current ratio of 11.17 and a debt-to-equity ratio of 0.14. The business's 50-day moving average price is $4.68 and its 200-day moving average price is $4.99. The stock has a market capitalization of $474.10 million, a price-to-earnings ratio of 13.22 and a beta of 0.52.

Acacia Research (NASDAQ:ACTG - Get Free Report) last announced its earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share for the quarter. Acacia Research had a return on equity of 12.00% and a net margin of 44.42%. The business had revenue of $25.84 million during the quarter.

Institutional Investors Weigh In On Acacia Research

Hedge funds have recently modified their holdings of the stock. Acuitas Investments LLC raised its position in shares of Acacia Research by 0.5% in the second quarter. Acuitas Investments LLC now owns 497,916 shares of the business services provider's stock valued at $2,495,000 after purchasing an additional 2,699 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Acacia Research by 5.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider's stock valued at $338,000 after purchasing an additional 3,018 shares during the period. Victory Capital Management Inc. lifted its holdings in Acacia Research by 36.0% during the 2nd 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 in the last quarter. Renaissance Technologies LLC boosted its stake in Acacia Research by 0.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider's stock worth $7,566,000 after purchasing an additional 6,143 shares during the period. Finally, Innealta Capital LLC purchased a new position in Acacia Research during the 2nd quarter valued at about $43,000. Institutional investors own 86.69% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Acacia Research from a "hold" rating to a "sell" rating in a report on Friday, October 11th.

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.