Squarepoint Ops LLC Has $372,000 Stock Holdings in Acacia Research Co. (NASDAQ:ACTG)

Squarepoint Ops LLC lowered its stake in shares of Acacia Research Co. (NASDAQ:ACTG) by 47.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 74,265 shares of the business services provider’s stock after selling 67,680 shares during the period. Squarepoint Ops LLC owned about 0.07% of Acacia Research worth $372,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Acuitas Investments LLC grew its stake in Acacia Research by 0.5% in the second quarter. Acuitas Investments LLC now owns 497,916 shares of the business services provider’s stock valued at $2,495,000 after purchasing an additional 2,699 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Acacia Research by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider’s stock valued at $338,000 after buying an additional 3,018 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of Acacia Research by 36.0% in the 2nd quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock valued at $88,000 after buying an additional 4,638 shares in the last quarter. Renaissance Technologies LLC increased its holdings in 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 worth $7,566,000 after buying an additional 6,143 shares during the last quarter. Finally, Innealta Capital LLC bought a new position in Acacia Research during the second quarter valued at approximately $43,000. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Acacia Research Price Performance

Shares of NASDAQ:ACTG opened at $4.52 on Friday. The stock has a market capitalization of $452.10 million, a P/E ratio of 12.56 and a beta of 0.52. The business has a 50-day moving average of $4.68 and a two-hundred day moving average of $5.04. Acacia Research Co. has a fifty-two week low of $3.43 and a fifty-two week high of $5.74. The company has a debt-to-equity ratio of 0.14, a current ratio of 11.17 and a quick ratio of 10.90.

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

Analysts Set New Price Targets

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

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.