Acacia Research (ACTG) Stock Price, News & Analysis

Company Overview

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. Acacia operates its businesses based on three key principles of people, process, and performance and has built a management team with demonstrated expertise in research, transactions and execution, and operations and management.

Key Stats

• Today's Range: $4.40 to $4.48
• 50-Day Range: $4.31 to $4.79
• 52-Week Range: $3.58 to $5.74
• Volume: 282,710 shs
• Average Volume: 263,941 shs
• Market Capitalization: $433.29 million
• P/E Ratio: 8.40
• Dividend Yield: N/A
• Price Target: $7.00
• Consensus Rating: Buy

Acacia Research Stock Analysis - MarketRank™

Acacia Research scored higher than 56% of companies evaluated by MarketBeat, and ranked 152nd out of 331 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Acacia Research has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Acacia Research has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Acacia Research is 8.40, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.48.

Price to Earnings Ratio vs. Sector

The P/E ratio of Acacia Research is 8.40, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 46.22.

Price to Book Value per Share Ratio

Acacia Research has a P/B Ratio of 0.75. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.38% of the outstanding shares of Acacia Research have been sold short.

Short Interest Ratio / Days to Cover

Acacia Research has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Acacia Research has recently increased by 2.29%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: Weak

Dividend Yield

Acacia Research does not currently pay a dividend.

Dividend Growth

Acacia Research does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Acacia Research is 94.34%. Payout ratios above 75% are not desirable because they may not be sustainable.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

1.38% of the outstanding shares of Acacia Research have been sold short.

Short Interest Ratio / Days to Cover

Acacia Research has a short interest ratio ("days to cover") of 4.3.

Change versus previous month

Short interest in Acacia Research has recently increased by 2.29%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.1 / 5
• News Sentiment: N/A

News Sentiment

Acacia Research has a news sentiment score of 0.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Acacia Research this week, compared to 1 article on an average week.

MarketBeat Follows

Only 1 people have added Acacia Research to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Acacia Research insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.65% of the stock of Acacia Research is held by insiders.

Percentage Held by Institutions

86.69% of the stock of Acacia Research is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ACTG Stock Analysis - Frequently Asked Questions

How have ACTG shares performed this year?

Acacia Research's stock was trading at $3.92 at the start of the year. Since then, ACTG stock has increased by 13.5% and is now trading at $4.45.
View the best growth stocks for 2024 here.

How were Acacia Research's earnings last quarter?

Acacia Research Co. (NASDAQ:ACTG) posted its quarterly earnings data on Thursday, May, 9th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. The business services provider earned $24.32 million during the quarter. Acacia Research had a trailing twelve-month return on equity of 10.35% and a net margin of 31.44%.

Who are Acacia Research's major shareholders?

Acacia Research's top institutional shareholders include State Street Corp (3.24%), Royce & Associates LP (1.11%), Geode Capital Management LLC (0.94%) and Jane Street Group LLC (0.08%). Insiders that own company stock include Jason W Soncini, Martin D Jr Mcnulty, Kirsten Hoover, Marc W Booth and Richard Jay Rosenstein.
View institutional ownership trends.

How do I buy shares of Acacia Research?

Shares of ACTG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Acacia Research own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Acacia Research investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), The RMR Group (RMR), DiamondRock Hospitality (DRH) and iShares Micro-Cap ETF (IWC).

Company Calendar

• Last Earnings: 5/09/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/13/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Patent owners & lessors
• Sub-Industry: Research & Consulting Services
• Current Symbol: NASDAQ:ACTG
• Previous Symbol: NASDAQ:ACTG
• CUSIP: 00388130
• CIK: 934549
• Web: www.acaciaresearch.com
• Phone: (332) 236-8484
• Fax: 949-480-8301
• Employees: 290
• Year Founded: 1993

Price Target and Rating

• Average Stock Price Target: $7.00
• High Stock Price Target: $7.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +57.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.53
• Trailing P/E Ratio: 8.40
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $67.06 million
• Net Margins: 31.44%
• Pretax Margin: 30.17%
• Return on Equity: 10.35%
• Return on Assets: 8.94%

Debt

• Debt-to-Equity Ratio: 0.12
• Current Ratio: 16.39
• Quick Ratio: 15.95

Sales & Book Value

• Annual Sales: $125.10 million
• Price / Sales: 3.46
• Cash Flow: $0.51 per share
• Price / Cash Flow: 8.76
• Book Value: $5.90 per share
• Price / Book: 0.75

Miscellaneous

• Outstanding Shares: 97,370,000
• Free Float: 95,761,000
• Market Cap: $433.30 million
• Optionable: Optionable
• Beta: 0.53