Acacia Research (NASDAQ:ACTG) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Acacia Research (NASDAQ:ACTG) 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

A number of institutional investors have recently bought and sold shares of ACTG. Krilogy Financial LLC lifted its position in Acacia Research by 73.0% in the 2nd quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock worth $4,073,000 after buying an additional 343,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 acquiring an additional 233,759 shares in the last quarter. American Century Companies Inc. boosted its position in 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 valued at $712,000 after purchasing an additional 113,207 shares during the last quarter. Quadrature Capital Ltd purchased a new position in Acacia Research in the first quarter valued at about $439,000. Finally, Los Angeles Capital Management LLC purchased a new position in Acacia Research in the second quarter valued at about $354,000. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.