Acacia Research Co. (NASDAQ:ACTG) Shares Sold by Royce & Associates LP

Royce & Associates LP trimmed its position in shares of Acacia Research Co. (NASDAQ:ACTG - Free Report) by 12.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,117,915 shares of the business services provider's stock after selling 166,079 shares during the period. Royce & Associates LP owned about 1.11% of Acacia Research worth $5,209,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Acacia Research during the second quarter worth approximately $83,000. Dimensional Fund Advisors LP increased its stake in shares of Acacia Research by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider's stock worth $8,878,000 after buying an additional 233,759 shares during the period. Vanguard Group Inc. increased its stake in shares of Acacia Research by 0.6% during the first quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider's stock worth $11,980,000 after buying an additional 13,692 shares during the period. American Century Companies Inc. increased its stake in shares of Acacia Research by 392.1% during the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider's stock worth $712,000 after buying an additional 113,207 shares during the period. Finally, BNP Paribas Financial Markets increased its stake in shares of Acacia Research by 146.4% during the first quarter. BNP Paribas Financial Markets now owns 28,165 shares of the business services provider's stock worth $150,000 after buying an additional 16,735 shares during the period. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Acacia Research Stock Down 2.0 %

Acacia Research stock traded down $0.09 during mid-day trading on Tuesday, hitting $4.42. The company had a trading volume of 297,766 shares, compared to its average volume of 263,857. The stock has a market cap of $430.38 million, a price-to-earnings ratio of 8.34 and a beta of 0.53. Acacia Research Co. has a 1 year low of $3.58 and a 1 year high of $5.74. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The business has a fifty day moving average of $4.62 and a 200 day moving average of $4.94.

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.