JPMorgan Chase & Co. Sells 16,119 Shares of Acacia Research Co. (NASDAQ:ACTG)

JPMorgan Chase & Co. decreased its position in Acacia Research Co. (NASDAQ:ACTG) by 36.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,688 shares of the business services provider’s stock after selling 16,119 shares during the period. JPMorgan Chase & Co.’s holdings in Acacia Research were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. State Street Corp increased its holdings in 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 worth $14,687,000 after acquiring an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Acacia Research by 15.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock valued at $8,878,000 after acquiring an additional 233,759 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Acacia Research by 8.7% during the 3rd quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock valued at $1,834,000 after acquiring an additional 31,352 shares during the last quarter. Jane Street Group LLC boosted its position in shares of Acacia Research by 141.7% during the 3rd quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 45,031 shares during the last quarter. Finally, Barclays PLC lifted its position in Acacia Research by 253.0% in the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after buying an additional 35,685 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Insider Activity at Acacia Research

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $4.57, for a total value of $68,550.00. Following the transaction, the director now owns 69,274 shares in the company, valued at approximately $316,582.18. This represents a 17.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.65% of the company’s stock.

Analysts Set New Price Targets

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

Acacia Research Trading Down 0.5 %

Acacia Research stock opened at $4.36 on Monday. The stock has a 50-day moving average price of $4.41 and a 200 day moving average price of $4.62. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $424.53 million, a price-to-earnings ratio of 8.23 and a beta of 0.52. Acacia Research Co. has a 52 week low of $3.78 and a 52 week high of $5.74.

Acacia Research 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.