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 report issued on Friday morning.

Acacia Research Stock Performance

Shares of ACTG opened at $4.59 on Friday. The stock’s 50-day simple moving average is $4.67 and its 200 day simple moving average is $5.03. The stock has a market capitalization of $459.10 million, a price-to-earnings ratio of 12.75 and a beta of 0.52. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.90 and a current ratio of 11.17. Acacia Research has a 52-week low of $3.43 and a 52-week high of $5.74.

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

Hedge Funds Weigh In On Acacia Research

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Krilogy Financial LLC increased its position in Acacia Research by 73.0% during the 2nd quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock valued at $4,073,000 after buying an additional 343,000 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Acacia Research by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock valued at $8,878,000 after purchasing an additional 233,759 shares in the last quarter. American Century Companies Inc. lifted its position in Acacia Research by 392.1% during the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after purchasing an additional 113,207 shares in the last quarter. Quadrature Capital Ltd purchased a new position in Acacia Research during the first quarter valued at $439,000. Finally, Los Angeles Capital Management LLC purchased a new position in Acacia Research during the second quarter valued at $354,000. 86.69% of the stock is currently owned by institutional investors.

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.