Capital Wealth Alliance LLC Reduces Stock Holdings in Acacia Research Co. (NASDAQ:ACTG)

Capital Wealth Alliance LLC lessened its stake in Acacia Research Co. (NASDAQ:ACTG) by 5.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,070 shares of the business services provider’s stock after selling 5,975 shares during the quarter. Capital Wealth Alliance LLC’s holdings in Acacia Research were worth $460,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ACTG. State Street Corp boosted its stake in 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 valued at $14,687,000 after acquiring an additional 265,993 shares during the period. Empowered Funds LLC increased its position in Acacia Research by 113.0% in 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 during the period. Krilogy Financial LLC lifted its stake in Acacia Research by 7.2% in the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock valued at $4,505,000 after buying an additional 69,400 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Acacia Research by 141.7% during the third quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock valued at $358,000 after acquiring an additional 45,031 shares during the period. Finally, Barclays PLC grew its position in shares of Acacia Research by 253.0% during the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after acquiring an additional 35,685 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Acacia Research Trading Down 0.2 %

Shares of NASDAQ:ACTG opened at $4.25 on Tuesday. The firm has a market capitalization of $413.82 million, a P/E ratio of 8.02 and a beta of 0.51. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. Acacia Research Co. has a 12-month low of $3.92 and a 12-month high of $5.74. The firm has a fifty day moving average of $4.38 and a two-hundred day moving average of $4.57.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research report on Wednesday, January 15th.

Insider Activity

In related news, Director Isaac T. Kohlberg sold 15,000 shares of Acacia Research stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction of $68,550.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.65% of the company’s stock.

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.