Acacia Research Co. (NASDAQ:ACTG) Shares Purchased by Acuitas Investments LLC

Acuitas Investments LLC grew its holdings in shares of Acacia Research Co. (NASDAQ:ACTG) by 0.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 497,916 shares of the business services provider’s stock after purchasing an additional 2,699 shares during the period. Acacia Research accounts for 1.3% of Acuitas Investments LLC’s portfolio, making the stock its 25th biggest position. Acuitas Investments LLC’s holdings in Acacia Research were worth $2,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Innealta Capital LLC acquired a new position in Acacia Research in the second quarter valued at approximately $43,000. Corsair Capital Management L.P. acquired a new stake in Acacia Research in the fourth quarter worth $59,000. Victory Capital Management Inc. increased its position in Acacia Research by 36.0% in the second quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock worth $88,000 after buying an additional 4,638 shares during the period. Counterpoint Mutual Funds LLC bought a new stake in Acacia Research in the first quarter valued at $136,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Acacia Research by 146.4% during the first 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 period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Acacia Research Price Performance

Shares of NASDAQ ACTG opened at $4.73 on Friday. The stock has a market cap of $473.10 million, a P/E ratio of 13.14 and a beta of 0.54. The company has a quick ratio of 10.90, a current ratio of 11.17 and a debt-to-equity ratio of 0.14. The firm’s 50-day simple moving average is $5.02 and its 200 day simple moving average is $4.97. Acacia Research Co. has a fifty-two week low of $3.43 and a fifty-two week high of $5.74.

Acacia Research (NASDAQ:ACTG) last released its earnings results on Thursday, August 8th. The business services provider reported ($0.02) earnings per share for the quarter. Acacia Research had a return on equity of 12.00% and a net margin of 44.42%. The firm had revenue of $25.84 million during the quarter.

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.