Acacia Research (NASDAQ:ACTG) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a research report report published on Tuesday.

Acacia Research Trading Down 4.5 %

Shares of Acacia Research stock opened at $4.45 on Tuesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 11.17 and a quick ratio of 10.90. The business has a fifty day simple moving average of $4.80 and a two-hundred day simple moving average of $5.07. Acacia Research has a 1 year low of $3.43 and a 1 year high of $5.74. The company has a market capitalization of $445.10 million, a price-to-earnings ratio of 12.36 and a beta of 0.52.

Acacia Research (NASDAQ:ACTG) last posted 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.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company bought a new stake in shares of Acacia Research in the second quarter valued at about $83,000. XTX Topco Ltd bought a new stake in Acacia Research in the 2nd quarter valued at about $174,000. Renaissance Technologies LLC grew its position in shares of Acacia Research by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after purchasing an additional 6,143 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings 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 purchasing an additional 233,759 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Acacia Research by 392.1% in the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after buying an additional 113,207 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

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.