Acacia Research Co. (NASDAQ:ACTG) Director Sells $68,550.00 in Stock

Acacia Research Co. (NASDAQ:ACTG) Director Isaac T. Kohlberg sold 15,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $4.57, for a total value of $68,550.00. Following the transaction, the director now owns 69,274 shares in the company, valued at $316,582.18. This represents a 17.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Acacia Research Stock Down 0.2 %

ACTG stock opened at $4.49 on Friday. Acacia Research Co. has a one year low of $3.58 and a one year high of $5.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39. The firm has a market cap of $437.19 million, a PE ratio of 8.47 and a beta of 0.53. The firm’s 50 day moving average price is $4.59 and its 200-day moving average price is $4.92.

Analysts Set New Price Targets

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

Institutional Trading of Acacia Research

A number of institutional investors and hedge funds have recently bought and sold shares of ACTG. Vanguard Group Inc. raised its stake in Acacia Research by 0.6% in the first quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock valued at $11,980,000 after buying an additional 13,692 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in shares of Acacia Research during the first quarter worth approximately $439,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Acacia Research by 5.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider’s stock worth $338,000 after purchasing an additional 3,018 shares during the period. Krilogy Financial LLC lifted 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 worth $4,073,000 after purchasing an additional 343,000 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Acacia Research by 18.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 124,099 shares of the business services provider’s stock valued at $622,000 after buying an additional 19,134 shares during 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.