Prescott Group Capital Management L.L.C. Sells 26,000 Shares of Acacia Research Co. (NASDAQ:ACTG)

Prescott Group Capital Management L.L.C. reduced its holdings in shares of Acacia Research Co. (NASDAQ:ACTG) by 14.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 150,982 shares of the business services provider’s stock after selling 26,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in Acacia Research were worth $655,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of Acacia Research by 9.2% in the 3rd quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock valued at $14,687,000 after purchasing an additional 265,993 shares in the last quarter. Peapod Lane Capital LLC acquired a new stake in Acacia Research in the fourth quarter valued at approximately $1,033,000. Bank of New York Mellon Corp grew its stake in shares of Acacia Research by 142.5% during the fourth quarter. Bank of New York Mellon Corp now owns 247,099 shares of the business services provider’s stock worth $1,072,000 after buying an additional 145,216 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Acacia Research by 113.0% during the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock worth $708,000 after buying an additional 86,531 shares in the last quarter. Finally, Levin Capital Strategies L.P. lifted its stake in shares of Acacia Research by 76.2% in the 4th quarter. Levin Capital Strategies L.P. now owns 183,996 shares of the business services provider’s stock valued at $799,000 after acquiring an additional 79,545 shares during the last quarter. Institutional investors own 86.69% of the company’s stock.

Acacia Research Stock Up 2.8 %

NASDAQ:ACTG opened at $4.09 on Friday. Acacia Research Co. has a one year low of $3.88 and a one 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 company has a market cap of $398.24 million, a PE ratio of 7.72 and a beta of 0.51. The firm’s 50 day simple moving average is $4.30 and its 200 day simple moving average is $4.49.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised Acacia Research from a “sell” rating to a “hold” rating in a report on Wednesday.

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.