Acacia Research Co. (NASDAQ:ACTG) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC grew its holdings in Acacia Research Co. (NASDAQ:ACTG) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 418,143 shares of the business services provider’s stock after acquiring an additional 24,559 shares during the period. Tidal Investments LLC’s holdings in Acacia Research were worth $1,815,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Empowered Funds LLC grew its stake in shares of Acacia Research by 113.0% during the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock worth $708,000 after purchasing an additional 86,531 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Acacia Research by 142.5% during the fourth quarter. Bank of New York Mellon Corp now owns 247,099 shares of the business services provider’s stock worth $1,072,000 after purchasing an additional 145,216 shares in the last quarter. Levin Capital Strategies L.P. grew its stake in shares of Acacia Research by 76.2% during the fourth quarter. Levin Capital Strategies L.P. now owns 183,996 shares of the business services provider’s stock worth $799,000 after purchasing an additional 79,545 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Acacia Research by 28.1% during the fourth quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider’s stock worth $86,000 after purchasing an additional 4,327 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Acacia Research during the fourth quarter worth $74,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Acacia Research Stock Performance

Shares of ACTG stock opened at $3.74 on Friday. Acacia Research Co. has a 12 month low of $2.70 and a 12 month high of $5.74. The company has a market cap of $359.68 million, a P/E ratio of 7.06 and a beta of 0.57. 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 firm has a fifty day moving average price of $3.27 and a 200 day moving average price of $3.96.

Acacia Research (NASDAQ:ACTG) last released its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.38. Acacia Research had a net margin of 31.44% and a return on equity of 10.35%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Acacia Research from a “hold” rating to a “buy” rating in a research note on Thursday.

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.