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

StockNews.com cut shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a research note released on Tuesday.

Acacia Research Stock Performance

Shares of Acacia Research stock opened at $4.16 on Tuesday. The business’s fifty day simple moving average is $4.33 and its 200 day simple moving average is $4.51. The firm has a market capitalization of $405.05 million, a P/E ratio of 7.85 and a beta of 0.51. Acacia Research has a 12 month low of $3.92 and a 12 month high of $5.74. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12.

Institutional Trading of Acacia Research

Several hedge funds have recently made changes to their positions in the company. State Street Corp raised its stake in shares of Acacia Research by 9.2% in the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock valued at $14,687,000 after buying an additional 265,993 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Acacia Research by 10.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,673 shares of the business services provider’s stock valued at $9,985,000 after buying an additional 220,579 shares during the period. Royce & Associates LP raised its stake in shares of Acacia Research by 5.1% in the fourth quarter. Royce & Associates LP now owns 1,174,641 shares of the business services provider’s stock valued at $5,098,000 after buying an additional 56,726 shares during the period. Krilogy Financial LLC raised its stake in shares of Acacia Research by 7.2% in the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock valued at $4,505,000 after buying an additional 69,400 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its stake in shares of Acacia Research by 7.8% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,004,495 shares of the business services provider’s stock valued at $4,360,000 after purchasing an additional 72,494 shares during the period. 86.69% of the stock is currently owned by institutional investors.

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.