Acacia Research Co. (NASDAQ:ACTG) Shares Sold by Marquette Asset Management LLC

Marquette Asset Management LLC trimmed its stake in shares of Acacia Research Co. (NASDAQ:ACTG) by 50.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,658 shares of the business services provider’s stock after selling 34,933 shares during the quarter. Marquette Asset Management LLC’s holdings in Acacia Research were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. State Street Corp increased its stake in shares of Acacia Research by 9.2% during the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock valued at $14,687,000 after acquiring an additional 265,993 shares during the period. Dimensional Fund Advisors LP boosted its stake in Acacia Research by 15.2% during 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 in the last quarter. Renaissance Technologies LLC increased its position in shares of Acacia Research by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock valued at $7,566,000 after purchasing an additional 6,143 shares during the period. Tidal Investments LLC raised its stake in shares of Acacia Research by 8.7% in the 3rd quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock worth $1,834,000 after buying an additional 31,352 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Acacia Research by 392.1% in the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock worth $712,000 after buying an additional 113,207 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the firm’s 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 completion of the sale, the director now directly owns 69,274 shares of the company’s stock, valued at $316,582.18. This trade represents a 17.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research note on Wednesday.

Acacia Research Stock Up 0.2 %

NASDAQ ACTG opened at $4.33 on Wednesday. Acacia Research Co. has a 12 month low of $3.66 and a 12 month high of $5.74. The company has a market capitalization of $421.60 million, a P/E ratio of 8.17 and a beta of 0.52. The company’s 50 day simple moving average is $4.45 and its 200 day simple moving average is $4.71. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95.

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.