Acacia Research Co. (NASDAQ:ACTG) Short Interest Update

Acacia Research Co. (NASDAQ:ACTG) was the target of a large decline in short interest in December. As of December 31st, there was short interest totalling 1,250,000 shares, a decline of 7.4% from the December 15th total of 1,350,000 shares. Based on an average daily volume of 259,000 shares, the days-to-cover ratio is presently 4.8 days.

Insider Activity

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $4.57, for a total value of $68,550.00. Following the completion of the sale, the director now owns 69,274 shares in the company, valued at approximately $316,582.18. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.65% of the company’s stock.

Institutional Trading of Acacia Research

Several large investors have recently bought and sold shares of ACTG. SG Americas Securities LLC boosted its holdings in shares of Acacia Research by 28.1% in the 4th quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider’s stock valued at $86,000 after acquiring an additional 4,327 shares during the last quarter. Krilogy Financial LLC boosted 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 acquiring an additional 69,400 shares during the last quarter. Tidal Investments LLC boosted its holdings 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 acquiring an additional 31,352 shares during the last quarter. Barclays PLC boosted its holdings in shares of Acacia Research by 253.0% in the 3rd quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock valued at $232,000 after acquiring an additional 35,685 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Acacia Research by 7.4% in the 3rd quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock valued at $174,000 after acquiring an additional 2,565 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Acacia Research Stock Up 0.5 %

NASDAQ:ACTG opened at $4.39 on Friday. The company has a market cap of $427.45 million, a PE ratio of 8.28 and a beta of 0.52. Acacia Research has a twelve month low of $3.68 and a twelve month high of $5.74. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. The company’s 50 day moving average is $4.43 and its two-hundred day moving average is $4.69.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Acacia Research from a “hold” rating to a “sell” rating in a research note on Wednesday.

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.