Acacia Research Co. (NASDAQ:ACTG) Shares Acquired by State Street Corp

State Street Corp raised its stake in Acacia Research Co. (NASDAQ:ACTG) by 9.2% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,151,647 shares of the business services provider’s stock after buying an additional 265,993 shares during the period. State Street Corp owned approximately 3.24% of Acacia Research worth $14,687,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company bought a new position in shares of Acacia Research in the second quarter valued at approximately $83,000. Dimensional Fund Advisors LP boosted its holdings in shares of Acacia Research by 15.2% in 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 acquiring an additional 233,759 shares in the last quarter. American Century Companies Inc. grew its holdings in Acacia Research by 392.1% during the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock worth $712,000 after acquiring an additional 113,207 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Acacia Research in the second quarter valued at about $354,000. Finally, Victory Capital Management Inc. grew 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 worth $88,000 after acquiring an additional 4,638 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th.

Insider Activity

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the company’s stock in a transaction 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 transaction, the director now owns 69,274 shares of the company’s stock, valued at $316,582.18. This represents a 17.80 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.65% of the stock is currently owned by company insiders.

Acacia Research Price Performance

Shares of NASDAQ:ACTG opened at $4.51 on Wednesday. The company has a market cap of $439.13 million, a price-to-earnings ratio of 8.51 and a beta of 0.50. Acacia Research Co. has a one year low of $3.65 and a one year high of $5.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. The firm has a 50 day simple moving average of $4.55 and a 200 day simple moving average of $4.79.

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.