Acacia Research (NASDAQ:ACTG – Get Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Thursday.
Acacia Research Price Performance
NASDAQ:ACTG opened at $4.43 on Thursday. The company has a quick ratio of 10.90, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The firm has a market cap of $431.35 million, a PE ratio of 8.36 and a beta of 0.53. Acacia Research has a 12 month low of $3.58 and a 12 month high of $5.74. The company’s 50-day moving average price is $4.62 and its two-hundred day moving average price is $4.95.
Institutional Trading of Acacia Research
Several hedge funds have recently modified their holdings of ACTG. Innealta Capital LLC bought a new stake in Acacia Research in the second quarter valued at about $43,000. Atom Investors LP acquired a new stake in shares of Acacia Research in the 3rd quarter valued at about $56,000. The Manufacturers Life Insurance Company bought a new stake in shares of Acacia Research in the second quarter valued at about $83,000. Victory Capital Management Inc. grew its holdings in shares of 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 in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Acacia Research in the 3rd quarter valued at approximately $117,000. 86.69% of the stock is owned by institutional investors.
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.
Recommended Stories
- Five stocks we like better than Acacia Research
- What is the Shanghai Stock Exchange Composite Index?
- How Whitestone REIT Is Transforming Sun Belt Retail Growth
- What is the Nasdaq? Complete Overview with History
- Top-Performing Non-Leveraged ETFs This Year
- What is an Earnings Surprise?
- Rivian’s Wild Ride: Is the Dip a Buying Opportunity?
Receive News & Ratings for Acacia Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Research and related companies with MarketBeat.com's FREE daily email newsletter.
