Barclays PLC Has $232,000 Stake in Acacia Research Co. (NASDAQ:ACTG)

Barclays PLC raised its holdings in Acacia Research Co. (NASDAQ:ACTG) by 253.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,788 shares of the business services provider’s stock after acquiring an additional 35,685 shares during the period. Barclays PLC owned about 0.05% of Acacia Research worth $232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in 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 acquiring an additional 265,993 shares during the period. Dimensional Fund Advisors LP boosted its position 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 period. Renaissance Technologies LLC boosted its position 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 period. American Century Companies Inc. boosted its position in shares of Acacia Research by 392.1% during the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock worth $712,000 after buying an additional 113,207 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of Acacia Research by 18.2% during the second quarter. Bank of New York Mellon Corp now owns 124,099 shares of the business services provider’s stock worth $622,000 after buying an additional 19,134 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th.

Acacia Research Stock Up 1.1 %

ACTG stock opened at $4.44 on Wednesday. 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 stock has a market capitalization of $432.32 million, a P/E ratio of 8.38 and a beta of 0.52. The business has a 50-day moving average of $4.42 and a 200-day moving average of $4.68. Acacia Research Co. has a fifty-two week low of $3.78 and a fifty-two week 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.