Innealta Capital LLC Makes New $43,000 Investment in Acacia Research Co. (NASDAQ:ACTG)

Innealta Capital LLC bought a new stake in Acacia Research Co. (NASDAQ:ACTG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,603 shares of the business services provider’s stock, valued at approximately $43,000.

Other large investors also recently bought and sold shares of the company. Krilogy Financial LLC boosted its stake in shares of Acacia Research by 74.1% during the first quarter. Krilogy Financial LLC now owns 470,000 shares of the business services provider’s stock valued at $2,505,000 after acquiring an additional 200,000 shares during the last quarter. Corsair Capital Management L.P. acquired a new stake in Acacia Research in the 4th quarter worth about $59,000. Vanguard Group Inc. boosted its stake in Acacia Research by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock worth $11,980,000 after buying an additional 13,692 shares during the last quarter. BNP Paribas Financial Markets boosted its stake 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 worth $150,000 after buying an additional 16,735 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Acacia Research by 5.0% in the 1st 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 period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Acacia Research Stock Performance

Shares of ACTG traded up $0.02 during mid-day trading on Friday, hitting $4.81. The stock had a trading volume of 163,334 shares, compared to its average volume of 251,562. Acacia Research Co. has a fifty-two week low of $3.43 and a fifty-two week high of $5.74. The company has a market cap of $481.11 million, a PE ratio of 13.28 and a beta of 0.54. The company has a quick ratio of 21.02, a current ratio of 21.40 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $5.04 and its two-hundred day simple moving average is $4.96.

Analyst Upgrades and Downgrades

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

Acacia Research 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.