Acacia Research Co. (NASDAQ:ACTG) Stake Trimmed by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC cut its position in shares of Acacia Research Co. (NASDAQ:ACTG) by 17.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,161 shares of the business services provider’s stock after selling 12,557 shares during the quarter. Los Angeles Capital Management LLC owned 0.06% of Acacia Research worth $271,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Acacia Research by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock worth $11,980,000 after purchasing an additional 13,692 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Acacia Research by 15.2% in 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 buying an additional 233,759 shares during the period. Renaissance Technologies LLC boosted its position in shares of 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 period. Krilogy Financial LLC grew its holdings in shares of Acacia Research by 73.0% during the second quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock valued at $4,073,000 after buying an additional 343,000 shares in the last quarter. Finally, Acuitas Investments LLC raised its position in Acacia Research by 0.5% during the second quarter. Acuitas Investments LLC now owns 497,916 shares of the business services provider’s stock valued at $2,495,000 after buying an additional 2,699 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Acacia Research Stock Up 1.8 %

ACTG stock opened at $4.51 on Tuesday. The company has a 50 day moving average of $4.62 and a two-hundred day moving average of $4.95. The company has a quick ratio of 10.90, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. Acacia Research Co. has a 12-month low of $3.58 and a 12-month high of $5.74. The company has a market cap of $439.14 million, a price-to-earnings ratio of 8.51 and a beta of 0.53.

Analyst Ratings Changes

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th.

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.