Clayton Partners LLC Sells 220,489 Shares of Acacia Research Co. (NASDAQ:ACTG)

Clayton Partners LLC cut its holdings in Acacia Research Co. (NASDAQ:ACTG) by 74.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,000 shares of the business services provider’s stock after selling 220,489 shares during the quarter. Clayton Partners LLC owned about 0.07% of Acacia Research worth $376,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of ACTG. Vanguard Group Inc. boosted its position in shares of Acacia Research by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock worth $11,980,000 after purchasing an additional 13,692 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Acacia Research by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock worth $8,878,000 after buying an additional 233,759 shares during the period. Renaissance Technologies LLC increased its stake 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 valued at $7,566,000 after acquiring an additional 6,143 shares during the last quarter. Krilogy Financial LLC raised its position in shares of Acacia Research by 73.0% in the 2nd quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock valued at $4,073,000 after acquiring an additional 343,000 shares during the period. Finally, Acuitas Investments LLC boosted its stake 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 worth $2,495,000 after acquiring an additional 2,699 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Acacia Research from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

Acacia Research Stock Down 2.1 %

Shares of Acacia Research stock opened at $4.58 on Friday. The company has a market capitalization of $458.10 million, a P/E ratio of 12.72 and a beta of 0.52. The company has a debt-to-equity ratio of 0.14, a current ratio of 11.17 and a quick ratio of 10.90. The business has a 50-day moving average of $4.92 and a two-hundred day moving average of $5.02. Acacia Research Co. has a 1 year low of $3.43 and a 1 year high of $5.74.

Acacia Research (NASDAQ:ACTG) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share for the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%. The company had revenue of $25.84 million during the quarter.

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.