Acacia Research Co. (NASDAQ:ACTG) Director Sells $68,550.00 in Stock

Acacia Research Co. (NASDAQ:ACTG) Director Isaac T. Kohlberg sold 15,000 shares of the business’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 transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Acacia Research Stock Performance

NASDAQ:ACTG traded down $0.08 during mid-day trading on Tuesday, reaching $4.50. 123,554 shares of the stock were exchanged, compared to its average volume of 261,719. The company has a 50 day simple moving average of $4.60 and a 200-day simple moving average of $4.93. The stock has a market capitalization of $438.16 million, a P/E ratio of 8.57 and a beta of 0.53. Acacia Research Co. has a 1 year low of $3.58 and a 1 year high of $5.74. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th.

Hedge Funds Weigh In On Acacia Research

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Krilogy Financial LLC raised its holdings 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 worth $4,073,000 after purchasing an additional 343,000 shares during the last quarter. State Street Corp boosted its position 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 worth $14,687,000 after buying an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP boosted 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 worth $8,878,000 after buying an additional 233,759 shares in the last quarter. American Century Companies Inc. grew its stake in 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 valued at $712,000 after acquiring an additional 113,207 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Acacia Research during the 1st quarter valued at about $439,000. 86.69% of the stock is owned by institutional investors and hedge funds.

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.