Marquette Asset Management LLC Has $324,000 Stock Holdings in Acacia Research Co. (NASDAQ:ACTG)

Marquette Asset Management LLC trimmed its stake in shares of Acacia Research Co. (NASDAQ:ACTG) by 25.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 69,591 shares of the business services provider’s stock after selling 23,682 shares during the quarter. Marquette Asset Management LLC owned approximately 0.07% of Acacia Research worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Innealta Capital LLC bought a new position in Acacia Research during the 2nd quarter worth approximately $43,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Acacia Research during the second quarter worth $83,000. Victory Capital Management Inc. raised its stake in Acacia Research by 36.0% during the second quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock worth $88,000 after buying an additional 4,638 shares during the last quarter. Counterpoint Mutual Funds LLC bought a new stake in Acacia Research during the first quarter valued at $136,000. Finally, BNP Paribas Financial Markets grew its holdings in Acacia Research by 146.4% during the 1st quarter. BNP Paribas Financial Markets now owns 28,165 shares of the business services provider’s stock worth $150,000 after acquiring an additional 16,735 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.

Acacia Research Stock Performance

NASDAQ:ACTG opened at $4.55 on Wednesday. The company has a quick ratio of 10.90, a current ratio of 11.17 and a debt-to-equity ratio of 0.14. Acacia Research Co. has a twelve month low of $3.43 and a twelve month high of $5.74. The company has a fifty day moving average of $4.71 and a 200-day moving average of $5.05. The firm has a market capitalization of $455.10 million, a P/E ratio of 12.64 and a beta of 0.52.

Acacia Research (NASDAQ:ACTG) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share for the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%. The company had revenue of $25.84 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a research note on Tuesday, October 1st.

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.