Peapod Lane Capital LLC Takes $1.03 Million Position in Acacia Research Co. (NASDAQ:ACTG)

Peapod Lane Capital LLC purchased a new stake in shares of Acacia Research Co. (NASDAQ:ACTG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 238,011 shares of the business services provider’s stock, valued at approximately $1,033,000. Peapod Lane Capital LLC owned approximately 0.24% of Acacia Research at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. State Street Corp lifted its position in shares of Acacia Research by 9.2% in the 3rd quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock worth $14,687,000 after buying an additional 265,993 shares during the last quarter. Krilogy Financial LLC grew its holdings in shares of Acacia Research by 7.2% during the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock valued at $4,505,000 after purchasing an additional 69,400 shares during the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Acacia Research during the second quarter valued at approximately $83,000. Barclays PLC raised its position in shares of Acacia Research by 253.0% during the 3rd quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after purchasing an additional 35,685 shares during the period. Finally, Jane Street Group LLC grew its stake in Acacia Research by 141.7% during the 3rd quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock worth $358,000 after buying an additional 45,031 shares during the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th.

Acacia Research Price Performance

NASDAQ ACTG opened at $4.22 on Thursday. The company has a 50-day moving average price of $4.37 and a two-hundred day moving average price of $4.56. Acacia Research Co. has a 52 week low of $3.92 and a 52 week high of $5.74. The stock has a market cap of $410.90 million, a price-to-earnings ratio of 7.96 and a beta of 0.51. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12.

Insider Transactions at Acacia Research

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $4.57, for a total value of $68,550.00. Following the sale, the director now directly owns 69,274 shares in the company, valued at $316,582.18. This trade represents a 17.80 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.65% of the company’s stock.

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.