Acacia Research (NASDAQ:ACTG) Rating Increased to Hold at StockNews.com

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

Acacia Research Price Performance

NASDAQ ACTG opened at $3.98 on Wednesday. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. Acacia Research has a 1 year low of $3.88 and a 1 year high of $5.74. The company has a market cap of $387.52 million, a PE ratio of 7.51 and a beta of 0.51. The stock’s 50-day moving average price is $4.31 and its two-hundred day moving average price is $4.50.

Institutional Trading of Acacia Research

Large investors have recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of Acacia Research by 9.2% during the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock valued at $14,687,000 after buying an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Acacia Research by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,673 shares of the business services provider’s stock worth $9,985,000 after acquiring an additional 220,579 shares during the period. Royce & Associates LP grew its stake in Acacia Research by 5.1% during the 4th quarter. Royce & Associates LP now owns 1,174,641 shares of the business services provider’s stock valued at $5,098,000 after acquiring an additional 56,726 shares in the last quarter. Krilogy Financial LLC increased its holdings 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 period. Finally, Pacific Ridge Capital Partners LLC lifted its position in shares of Acacia Research by 7.8% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,004,495 shares of the business services provider’s stock worth $4,360,000 after purchasing an additional 72,494 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

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.