Acacia Research (NASDAQ:ACTG) Lowered to Sell at StockNews.com

StockNews.com lowered shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a report released on Friday.

Acacia Research Trading Up 1.8 %

ACTG stock opened at $4.60 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.90 and a current ratio of 11.17. Acacia Research has a one year low of $3.43 and a one year high of $5.74. The company’s 50 day moving average price is $4.68 and its two-hundred day moving average price is $5.03. The company has a market capitalization of $460.10 million, a PE ratio of 12.78 and a beta of 0.52.

Acacia Research (NASDAQ:ACTG) last released its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.02) EPS for the quarter. Acacia Research had a return on equity of 12.00% and a net margin of 44.42%. The company had revenue of $25.84 million during the quarter.

Institutional Trading of Acacia Research

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACTG. Salem Investment Counselors Inc. bought a new stake in Acacia Research during the 1st quarter valued at approximately $153,000. Counterpoint Mutual Funds LLC purchased a new position in Acacia Research in the 1st quarter worth about $136,000. BNP Paribas Financial Markets boosted its holdings in Acacia Research by 146.4% in the first quarter. BNP Paribas Financial Markets now owns 28,165 shares of the business services provider’s stock worth $150,000 after purchasing an additional 16,735 shares during the last quarter. Empowered Funds LLC raised its stake in Acacia Research by 8.1% during the 1st quarter. Empowered Funds LLC now owns 172,476 shares of the business services provider’s stock valued at $919,000 after buying an additional 12,950 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Acacia Research by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock valued at $11,980,000 after acquiring an additional 13,692 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Acacia Research Company 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.