Acacia Research Co. (NASDAQ:ACTG) Shares Bought by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC grew its stake in shares of Acacia Research Co. (NASDAQ:ACTG) by 7.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,004,495 shares of the business services provider’s stock after acquiring an additional 72,494 shares during the period. Pacific Ridge Capital Partners LLC’s holdings in Acacia Research were worth $4,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. XTX Topco Ltd boosted its position in Acacia Research by 7.4% during the third quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,565 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Acacia Research by 28.1% in the fourth quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider’s stock valued at $86,000 after buying an additional 4,327 shares in the last quarter. Atom Investors LP acquired a new position in shares of Acacia Research during the 3rd quarter worth $56,000. Intech Investment Management LLC purchased a new stake in shares of Acacia Research in the 4th quarter worth about $56,000. Finally, Raymond James Financial Inc. acquired a new stake in Acacia Research in the 4th quarter valued at about $74,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Acacia Research Trading Down 0.6 %

Shares of Acacia Research stock opened at $3.34 on Thursday. Acacia Research Co. has a 1 year low of $3.33 and a 1 year high of $5.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. The business has a 50 day moving average price of $4.11 and a 200 day moving average price of $4.39. The company has a market capitalization of $320.93 million, a P/E ratio of 6.30 and a beta of 0.49.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Acacia Research from a “hold” rating to a “sell” rating in a research report on Saturday, March 22nd.

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.