Acacia Research (NASDAQ:ACTG) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Acacia Research (NASDAQ:ACTG) from a hold rating to a sell rating in a research note released on Thursday.

Acacia Research Stock Performance

NASDAQ:ACTG opened at $3.58 on Thursday. The stock has a market cap of $348.58 million, a P/E ratio of 6.75 and a beta of 0.49. The stock has a 50 day simple moving average of $4.25 and a 200 day simple moving average of $4.46. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. Acacia Research has a 1-year low of $3.42 and a 1-year high of $5.74.

Institutional Trading of Acacia Research

Several hedge funds have recently added to or reduced their stakes in ACTG. XTX Topco Ltd increased its stake in Acacia Research by 7.4% during the 3rd quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock worth $174,000 after acquiring an additional 2,565 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Acacia Research by 5.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,399 shares of the business services provider’s stock worth $232,000 after acquiring an additional 2,581 shares during the period. SG Americas Securities LLC increased its stake in Acacia Research by 28.1% during the 4th quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider’s stock worth $86,000 after acquiring an additional 4,327 shares during the period. Wells Fargo & Company MN increased its stake in Acacia Research by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 22,160 shares of the business services provider’s stock worth $96,000 after acquiring an additional 4,825 shares during the period. Finally, Barclays PLC increased its stake in Acacia Research by 14.1% during the 4th quarter. Barclays PLC now owns 56,787 shares of the business services provider’s stock worth $247,000 after acquiring an additional 6,999 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.

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.