Acacia Research (NASDAQ:ACTG) Rating Increased to Hold at StockNews.com

Acacia Research (NASDAQ:ACTG) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Acacia Research Stock Down 0.5 %

Acacia Research stock traded down $0.02 during trading hours on Tuesday, reaching $4.32. The stock had a trading volume of 163,384 shares, compared to its average volume of 155,771. Acacia Research has a 52 week low of $3.66 and a 52 week high of $5.74. The company has a market cap of $420.63 million, a price-to-earnings ratio of 8.15 and a beta of 0.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. The business’s 50 day moving average price is $4.47 and its 200-day moving average price is $4.73.

Insider Activity at Acacia Research

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $4.57, for a total transaction of $68,550.00. Following the transaction, the director now owns 69,274 shares in the company, valued at $316,582.18. This represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.65% of the stock is currently owned by corporate insiders.

Institutional Trading of Acacia Research

Several large investors have recently bought and sold shares of ACTG. Tidal Investments LLC increased its holdings in shares of Acacia Research by 8.7% in the third quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock valued at $1,834,000 after purchasing an additional 31,352 shares during the period. Barclays PLC increased its holdings in Acacia Research by 253.0% in the 3rd quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after buying an additional 35,685 shares during the period. XTX Topco Ltd increased its holdings in Acacia Research by 7.4% in the 3rd quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock worth $174,000 after buying an additional 2,565 shares during the period. Jane Street Group LLC raised its position in Acacia Research by 141.7% during the 3rd quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock worth $358,000 after buying an additional 45,031 shares during the last quarter. Finally, State Street Corp lifted its stake in Acacia Research by 9.2% during the 3rd quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock valued at $14,687,000 after acquiring an additional 265,993 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.