Isaac T. Kohlberg Sells 15,000 Shares of Acacia Research Co. (NASDAQ:ACTG) Stock

Acacia Research Co. (NASDAQ:ACTG) Director Isaac T. Kohlberg sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction of $68,550.00. Following the completion of the sale, the director now owns 69,274 shares of the company’s stock, valued at approximately $316,582.18. The trade was a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Acacia Research Trading Down 0.2 %

Shares of ACTG opened at $4.49 on Thursday. The firm has a market cap of $437.19 million, a price-to-earnings ratio of 8.49 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39. Acacia Research Co. has a fifty-two week low of $3.58 and a fifty-two week high of $5.74. The firm has a 50 day moving average price of $4.59 and a 200-day moving average price of $4.92.

Institutional Investors Weigh In On Acacia Research

Hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in Acacia Research during the 2nd quarter valued at $43,000. Atom Investors LP bought a new stake in Acacia Research during the 3rd quarter valued at $56,000. The Manufacturers Life Insurance Company bought a new stake in Acacia Research during the 2nd quarter valued at $83,000. Victory Capital Management Inc. raised its holdings in Acacia Research by 36.0% during the 2nd quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock valued at $88,000 after buying an additional 4,638 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Acacia Research during the 3rd quarter valued at $117,000. 86.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Acacia Research from a “hold” rating to a “sell” rating in a report on Thursday, November 14th.

About Acacia Research

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.