Acacia Research Co. (NASDAQ:ACTG) Position Increased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its holdings in shares of Acacia Research Co. (NASDAQ:ACTG) by 15.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,772,295 shares of the business services provider’s stock after buying an additional 233,759 shares during the period. Dimensional Fund Advisors LP’s holdings in Acacia Research were worth $8,878,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Innealta Capital LLC bought a new stake in Acacia Research during the second quarter worth approximately $43,000. Victory Capital Management Inc. lifted its position in shares of Acacia Research by 36.0% in the 2nd quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock valued at $88,000 after acquiring an additional 4,638 shares in the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in shares of Acacia Research in the 1st quarter valued at approximately $136,000. BNP Paribas Financial Markets lifted its position in shares of Acacia Research by 146.4% in the 1st quarter. BNP Paribas Financial Markets now owns 28,165 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 16,735 shares in the last quarter. Finally, Salem Investment Counselors Inc. purchased a new stake in shares of Acacia Research in the 1st quarter valued at approximately $153,000. 86.69% of the stock is currently owned by institutional investors.

Acacia Research Stock Down 1.1 %

Shares of NASDAQ:ACTG opened at $4.48 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.90 and a current ratio of 11.17. The company has a market cap of $448.10 million, a PE ratio of 12.44 and a beta of 0.52. Acacia Research Co. has a 52 week low of $3.43 and a 52 week high of $5.74. The firm has a 50 day simple moving average of $4.73 and a 200 day simple moving average of $5.05.

Acacia Research (NASDAQ:ACTG) last released its earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. Acacia Research had a return on equity of 12.00% and a net margin of 44.42%. The company had revenue of $25.84 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Acacia Research from a “hold” rating to a “sell” rating in a research report on Tuesday, October 1st.

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.