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

Acacia Research (NASDAQ:ACTG) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Acacia Research Stock Performance

ACTG stock opened at $4.43 on Thursday. The company has a quick ratio of 10.90, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $431.35 million, a price-to-earnings ratio of 8.36 and a beta of 0.53. Acacia Research has a 12 month low of $3.58 and a 12 month high of $5.74. The firm has a 50 day moving average of $4.62 and a two-hundred day moving average of $4.95.

Institutional Trading of Acacia Research

Institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp grew its position 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 purchasing an additional 265,993 shares during the last quarter. Vanguard Group Inc. increased its position in 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 buying an additional 13,692 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Acacia Research by 15.2% during the second 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 last quarter. Renaissance Technologies LLC lifted its holdings in shares of Acacia Research by 0.4% during the second quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after buying an additional 6,143 shares during the last quarter. Finally, Krilogy Financial LLC grew its stake in shares of Acacia Research by 73.0% in the second quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock worth $4,073,000 after acquiring an additional 343,000 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

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.