Acacia Research (NASDAQ:ACTG) Downgraded by StockNews.com to Sell

StockNews.com downgraded shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a report published on Thursday morning.

Acacia Research Stock Performance

Shares of ACTG stock traded up $0.02 during trading hours on Thursday, reaching $4.39. The company had a trading volume of 66,001 shares, compared to its average volume of 262,430. The firm has a market cap of $427.45 million, a PE ratio of 8.25 and a beta of 0.53. The business has a fifty day moving average price of $4.63 and a 200-day moving average price of $4.95. Acacia Research has a one year low of $3.58 and a one year high of $5.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 10.90 and a current ratio of 16.39.

Institutional Trading of Acacia Research

Several hedge funds have recently bought and sold shares of the stock. Acuitas Investments LLC grew its holdings in Acacia Research by 0.5% during the 2nd quarter. Acuitas Investments LLC now owns 497,916 shares of the business services provider’s stock valued at $2,495,000 after purchasing an additional 2,699 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Acacia Research by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider’s stock valued at $338,000 after purchasing an additional 3,018 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of Acacia Research by 36.0% in the 2nd quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock worth $88,000 after acquiring an additional 4,638 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Acacia Research by 0.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after buying an additional 6,143 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Acacia Research in the 2nd quarter worth $43,000. 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.