Acacia Research Co. (NASDAQ:ACTG) General Counsel Buys $26,800.00 in Stock

Acacia Research Co. (NASDAQ:ACTGGet Free Report) General Counsel Jason W. Soncini bought 5,000 shares of the stock in a transaction on Friday, May 17th. The shares were acquired at an average cost of $5.36 per share, for a total transaction of $26,800.00. Following the acquisition, the general counsel now directly owns 226,661 shares in the company, valued at $1,214,902.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Acacia Research Stock Down 0.4 %

ACTG opened at $5.66 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.40 and a quick ratio of 21.02. Acacia Research Co. has a one year low of $3.43 and a one year high of $5.73. The firm has a market capitalization of $566.12 million, a P/E ratio of 15.72 and a beta of 0.50. The company has a fifty day moving average price of $5.11 and a 200-day moving average price of $4.32.

Acacia Research (NASDAQ:ACTGGet Free Report) last posted its earnings results on Thursday, May 9th. The business services provider reported $0.06 EPS for the quarter. Acacia Research had a return on equity of 13.02% and a net margin of 40.89%. The business had revenue of $24.32 million during the quarter.

Institutional Investors Weigh In On Acacia Research

A number of institutional investors and hedge funds have recently bought and sold shares of ACTG. Price T Rowe Associates Inc. MD increased its holdings in shares of Acacia Research by 5.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider’s stock worth $338,000 after buying an additional 3,018 shares during the last quarter. SG Americas Securities LLC grew its position in Acacia Research by 41.9% in the fourth quarter. SG Americas Securities LLC now owns 23,244 shares of the business services provider’s stock worth $91,000 after acquiring an additional 6,866 shares in the last quarter. Victory Capital Management Inc. bought a new position in Acacia Research in the third quarter valued at $39,000. Jump Financial LLC bought a new position in Acacia Research in the third quarter valued at $41,000. Finally, Empowered Funds LLC raised its position in Acacia Research by 8.1% during the first quarter. Empowered Funds LLC now owns 172,476 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 12,950 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ACTG. StockNews.com raised Acacia Research from a “sell” rating to a “hold” rating in a report on Monday, March 18th. Craig Hallum increased their price target on shares of Acacia Research from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Friday, March 15th.

Get Our Latest Stock Analysis on ACTG

Acacia Research Company Profile

(Get Free Report)

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.

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