StockNews.com lowered shares of Acacia Research (NASDAQ:ACTG – Free Report) from a buy rating to a hold rating in a research report released on Monday morning.
Acacia Research Stock Performance
Shares of ACTG opened at $4.58 on Monday. The company has a 50-day moving average of $5.14 and a two-hundred day moving average of $4.91. The stock has a market cap of $458.10 million, a price-to-earnings ratio of 12.72 and a beta of 0.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.40 and a quick ratio of 21.02. Acacia Research has a one year low of $3.43 and a one year high of $5.74.
Insider Buying and Selling
In other Acacia Research news, General Counsel Jason W. Soncini purchased 5,000 shares of the stock in a transaction dated Friday, May 17th. The shares were acquired at an average price of $5.36 per share, for a total transaction of $26,800.00. Following the completion of the acquisition, the general counsel now owns 226,661 shares of the company’s stock, valued at approximately $1,214,902.96. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.65% of the company’s stock.
Institutional Investors Weigh In On Acacia Research
About Acacia Research
Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.
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