Peapod Lane Capital LLC Acquires New Stake in Acacia Research Co. (NASDAQ:ACTG)

Peapod Lane Capital LLC bought a new stake in Acacia Research Co. (NASDAQ:ACTG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 238,011 shares of the business services provider's stock, valued at approximately $1,033,000. Peapod Lane Capital LLC owned 0.24% of Acacia Research as of its most recent SEC filing.

Several other large investors have also made changes to their positions in ACTG. Atom Investors LP acquired a new stake in shares of Acacia Research in the 3rd quarter valued at approximately $56,000. The Manufacturers Life Insurance Company acquired a new stake in Acacia Research in the second quarter valued at $83,000. SG Americas Securities LLC raised its position in shares of Acacia Research by 28.1% during the fourth quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider's stock worth $86,000 after acquiring an additional 4,327 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new position in Acacia Research during the 3rd quarter worth approximately $117,000. Finally, XTX Topco Ltd raised its stake 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 worth $174,000 after buying an additional 2,565 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Acacia Research from a "hold" rating to a "sell" rating in a research note on Wednesday, January 15th.

Insiders Place Their Bets

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of Acacia Research stock in a transaction dated 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 transaction, the director now owns 69,274 shares in the company, valued at approximately $316,582.18. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.65% of the company's stock.

Acacia Research Stock Up 0.2 %

Shares of NASDAQ:ACTG traded up $0.01 during trading on Monday, reaching $4.35. 104,275 shares of the stock were exchanged, compared to its average volume of 136,724. The stock has a fifty day moving average of $4.36 and a two-hundred day moving average of $4.54. Acacia Research Co. has a 1-year low of $3.92 and a 1-year high of $5.74. 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 firm has a market cap of $423.56 million, a price-to-earnings ratio of 8.21 and a beta of 0.51.

About Acacia Research

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.