Acacia Research (NASDAQ:ACTG) Cut to Sell at StockNews.com

by · The Cerbat Gem

StockNews.com downgraded shares of Acacia Research (NASDAQ:ACTG – Free Report) from a hold rating to a sell rating in a report published on Tuesday.

Acacia Research Price Performance

ACTG stock opened at $4.48 on Tuesday. The company has a current ratio of 11.17, a quick ratio of 10.90 and a debt-to-equity ratio of 0.14. Acacia Research has a one year low of $3.43 and a one year high of $5.74. The firm has a market capitalization of $448.10 million, a PE ratio of 12.53 and a beta of 0.52. The firm has a 50-day moving average of $4.78 and a two-hundred day moving average of $5.06.

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

Institutional Trading of Acacia Research

A number of institutional investors have recently added to or reduced their stakes in ACTG. Corsair Capital Management L.P. acquired a new stake in shares of Acacia Research in the fourth quarter worth $59,000. Vanguard Group Inc. increased its holdings 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 valued at $11,980,000 after buying an additional 13,692 shares during the period. 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 buying an additional 16,735 shares during the period. Los Angeles Capital Management LLC bought a new stake in Acacia Research in the 2nd quarter valued at $354,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in 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 valued at $338,000 after buying an additional 3,018 shares during the period. 86.69% of the stock is currently owned by institutional investors and hedge funds.

Acacia Research Company Profile

(Get Free Report)

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.

Featured Articles