Jane Street Group LLC Has $358,000 Position in Acacia Research Co. (NASDAQ:ACTG)

Jane Street Group LLC raised its position in Acacia Research Co. (NASDAQ:ACTG) by 141.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,818 shares of the business services provider’s stock after acquiring an additional 45,031 shares during the quarter. Jane Street Group LLC owned approximately 0.08% of Acacia Research worth $358,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. State Street Corp raised 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 period. Dimensional Fund Advisors LP raised its position 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 purchasing an additional 233,759 shares during the period. Renaissance Technologies LLC raised its position in shares of Acacia Research by 0.4% in the second quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock valued at $7,566,000 after purchasing an additional 6,143 shares during the period. American Century Companies Inc. raised its position in shares of Acacia Research by 392.1% in the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 113,207 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 19,134 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Acacia Research Price Performance

NASDAQ:ACTG opened at $4.26 on Thursday. Acacia Research Co. has a 52 week low of $3.66 and a 52 week high of $5.74. The firm has a market cap of $414.79 million, a price-to-earnings ratio of 8.04 and a beta of 0.52. The firm’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $4.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39.

Insider Buying and Selling

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $4.57, for a total value of $68,550.00. Following the transaction, the director now directly owns 69,274 shares of the company’s stock, valued at $316,582.18. This trade represents a 17.80 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.65% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Acacia Research from a “sell” rating to a “hold” rating in a research report on Tuesday.

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.