Acacia Research Co. (NASDAQ:ACTG - Get Free Report) Director Isaac T. Kohlberg sold 15,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now owns 69,274 shares in the company, valued at approximately $316,582.18. This represents a 17.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Acacia Research Trading Down 1.7 %
Shares of NASDAQ ACTG opened at $4.50 on Wednesday. The company has a market cap of $438.16 million, a PE ratio of 8.57 and a beta of 0.53. The firm's 50 day moving average price is $4.60 and its 200-day moving average price is $4.93. Acacia Research Co. has a 52-week low of $3.58 and a 52-week high of $5.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ACTG. Krilogy Financial LLC lifted its position in Acacia Research by 73.0% during the second quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider's stock valued at $4,073,000 after purchasing an additional 343,000 shares during the period. State Street Corp increased its stake in shares of Acacia Research by 9.2% in the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider's stock worth $14,687,000 after purchasing an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Acacia Research by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider's stock worth $8,878,000 after purchasing an additional 233,759 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Acacia Research by 392.1% in the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider's stock worth $712,000 after purchasing an additional 113,207 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Acacia Research during the first quarter worth $439,000. Institutional investors own 86.69% of the company's stock.
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Separately, StockNews.com downgraded shares of Acacia Research from a "hold" rating to a "sell" rating in a research note on Thursday, November 14th.
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Acacia Research Company Profile
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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.
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