Barclays PLC Acquires 35,685 Shares of Acacia Research Co. (NASDAQ:ACTG)

Barclays PLC raised its holdings in shares of Acacia Research Co. (NASDAQ:ACTG) by 253.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 49,788 shares of the business services provider’s stock after purchasing an additional 35,685 shares during the quarter. Barclays PLC owned approximately 0.05% of Acacia Research worth $232,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp grew its holdings in 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 buying an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Acacia Research by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock valued at $8,878,000 after buying an additional 233,759 shares during the period. Renaissance Technologies LLC lifted its position in shares of Acacia Research by 0.4% during 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 period. American Century Companies Inc. increased its holdings in Acacia Research by 392.1% in the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after buying an additional 113,207 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Acacia Research by 18.2% in the second quarter. Bank of New York Mellon Corp now owns 124,099 shares of the business services provider’s stock valued at $622,000 after acquiring an additional 19,134 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $4.57, for a total value of $68,550.00. Following the completion of the sale, the director now directly owns 69,274 shares of the company’s stock, valued at $316,582.18. This represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.65% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

Acacia Research Stock Performance

Shares of ACTG stock opened at $4.34 on Tuesday. The stock has a market capitalization of $422.58 million, a PE ratio of 8.19 and a beta of 0.52. The business’s 50 day simple moving average is $4.48 and its 200 day simple moving average is $4.73. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. Acacia Research Co. has a one year low of $3.66 and a one year high of $5.74.

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.