Acacia Research (NASDAQ:ACTG) Downgraded to Sell Rating by StockNews.com

StockNews.com lowered shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a research report released on Wednesday morning.

Acacia Research Trading Up 0.9 %

NASDAQ:ACTG opened at $4.37 on Wednesday. The company has a market capitalization of $425.50 million, a PE ratio of 8.25 and a beta of 0.52. Acacia Research has a 52-week low of $3.66 and a 52-week high of $5.74. The stock’s 50 day moving average price is $4.44 and its 200 day moving average price is $4.70. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12.

Insiders Place Their Bets

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of Acacia Research stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction of $68,550.00. Following the transaction, the director now owns 69,274 shares of the company’s stock, valued at $316,582.18. The trade was a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.65% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Krilogy Financial LLC grew its stake in shares of Acacia Research by 7.2% in the 4th quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock valued at $4,505,000 after purchasing an additional 69,400 shares during the last quarter. Tidal Investments LLC grew its stake in shares of Acacia Research by 8.7% in the 3rd quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock valued at $1,834,000 after purchasing an additional 31,352 shares during the last quarter. Barclays PLC boosted its stake in shares of Acacia Research by 253.0% in the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock valued at $232,000 after buying an additional 35,685 shares in the last quarter. XTX Topco Ltd boosted its stake in shares of Acacia Research by 7.4% in the third quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock valued at $174,000 after buying an additional 2,565 shares in the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Acacia Research by 141.7% in the third quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock valued at $358,000 after buying an additional 45,031 shares in the last quarter. 86.69% of the stock is currently owned by hedge funds and other 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.