Pacific Ridge Capital Partners LLC Boosts Stake in Acacia Research Co. (NASDAQ:ACTG)

Pacific Ridge Capital Partners LLC grew its position in Acacia Research Co. (NASDAQ:ACTG) by 7.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,004,495 shares of the business services provider’s stock after purchasing an additional 72,494 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 1.03% of Acacia Research worth $4,360,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of ACTG. State Street Corp lifted its stake in shares of Acacia Research by 9.2% in 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 purchasing an additional 265,993 shares during the last quarter. Peapod Lane Capital LLC purchased a new stake in Acacia Research during the fourth quarter worth $1,033,000. Bank of New York Mellon Corp boosted its position in Acacia Research by 142.5% during the fourth quarter. Bank of New York Mellon Corp now owns 247,099 shares of the business services provider’s stock valued at $1,072,000 after purchasing an additional 145,216 shares in the last quarter. Empowered Funds LLC boosted its stake in Acacia Research by 113.0% in the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock valued at $708,000 after acquiring an additional 86,531 shares in the last quarter. Finally, Levin Capital Strategies L.P. increased its position in Acacia Research by 76.2% during the 4th quarter. Levin Capital Strategies L.P. now owns 183,996 shares of the business services provider’s stock valued at $799,000 after buying an additional 79,545 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Acacia Research Trading Down 0.6 %

Shares of ACTG opened at $3.34 on Thursday. Acacia Research Co. has a 12-month low of $3.33 and a 12-month high of $5.74. The firm has a market capitalization of $320.93 million, a P/E ratio of 6.30 and a beta of 0.49. The firm has a 50-day moving average price of $4.11 and a 200 day moving average price of $4.39. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Acacia Research from a “hold” rating to a “sell” rating in a research note on Saturday, March 22nd.

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.