Acacia Research (NASDAQ:ACTG) Downgraded by StockNews.com to “Sell”

Acacia Research (NASDAQ:ACTG) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

Acacia Research Stock Performance

Shares of NASDAQ:ACTG opened at $4.37 on Wednesday. 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 $425.51 million, a PE ratio of 8.25 and a beta of 0.52. The firm’s 50 day simple moving average is $4.44 and its 200-day simple moving average is $4.70. Acacia Research has a one year low of $3.68 and a one year high of $5.74.

Insider Buying and Selling

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction of $68,550.00. Following the sale, the director now owns 69,274 shares of the company’s stock, valued at approximately $316,582.18. This trade represents a 17.80 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.65% of the stock is owned by insiders.

Institutional Trading of Acacia Research

Several hedge funds have recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of 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 worth $622,000 after buying an additional 19,134 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in Acacia Research by 36.0% in the second quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock worth $88,000 after acquiring an additional 4,638 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Acacia Research by 392.1% during the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock worth $712,000 after acquiring an additional 113,207 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Acacia Research by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock valued at $8,878,000 after purchasing an additional 233,759 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of Acacia Research by 0.4% during the second quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after buying an additional 6,143 shares during the period. 86.69% of the stock is 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.