Capital Wealth Alliance LLC Sells 11,184 Shares of Acacia Research Co. (NASDAQ:ACTG)

Capital Wealth Alliance LLC reduced its stake in Acacia Research Co. (NASDAQ:ACTG) by 9.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 112,595 shares of the business services provider’s stock after selling 11,184 shares during the quarter. Capital Wealth Alliance LLC owned approximately 0.11% of Acacia Research worth $564,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Corsair Capital Management L.P. purchased a new stake in Acacia Research in the 4th quarter worth $59,000. Counterpoint Mutual Funds LLC purchased a new position in Acacia Research during the first quarter valued at $136,000. BNP Paribas Financial Markets increased its holdings in Acacia Research by 146.4% in the 1st quarter. BNP Paribas Financial Markets now owns 28,165 shares of the business services provider’s stock valued at $150,000 after acquiring an additional 16,735 shares during the last quarter. Salem Investment Counselors Inc. purchased a new stake in Acacia Research in the 1st quarter worth $153,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Acacia Research by 5.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 63,244 shares of the business services provider’s stock worth $338,000 after purchasing an additional 3,018 shares during the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com downgraded Acacia Research from a “buy” rating to a “hold” rating in a research note on Monday, August 12th.

Acacia Research Trading Up 2.6 %

Shares of Acacia Research stock traded up $0.12 on Friday, reaching $4.79. The company had a trading volume of 261,250 shares, compared to its average volume of 254,081. The firm has a market cap of $479.11 million, a price-to-earnings ratio of 13.31 and a beta of 0.54. The company has a debt-to-equity ratio of 0.02, a current ratio of 21.40 and a quick ratio of 21.02. The firm’s 50-day moving average price is $5.08 and its two-hundred day moving average price is $4.93. Acacia Research Co. has a 1 year low of $3.43 and a 1 year high of $5.74.

Acacia Research Company Profile

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.