Acacia Research (NASDAQ:ACTG) Downgraded to Sell Rating by StockNews.com

Acacia Research (NASDAQ:ACTG) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Acacia Research Trading Up 0.2 %

ACTG opened at $4.33 on Wednesday. Acacia Research has a 52 week low of $3.66 and a 52 week high of $5.74. The company has a market capitalization of $421.60 million, a P/E ratio of 8.17 and a beta of 0.52. The stock’s fifty day moving average is $4.45 and its two-hundred day moving average is $4.71. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12.

Insider Transactions at Acacia Research

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $4.57, for a total transaction 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 approximately $316,582.18. This represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.65% of the company’s stock.

Institutional Investors Weigh In On Acacia Research

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Tidal Investments LLC grew its stake in Acacia Research by 8.7% during the 3rd quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock worth $1,834,000 after buying an additional 31,352 shares during the last quarter. Barclays PLC boosted its stake in Acacia Research by 253.0% in the 3rd quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after purchasing an additional 35,685 shares in the last quarter. XTX Topco Ltd grew its position in Acacia Research by 7.4% during the 3rd quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,565 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of Acacia Research by 141.7% in the third quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock worth $358,000 after buying an additional 45,031 shares during the last quarter. Finally, State Street Corp increased its position in shares of 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 acquiring an additional 265,993 shares during the period. Hedge funds and other institutional investors own 86.69% of the company’s stock.

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.