Acacia Research Co. (NASDAQ:ACTG) Director Isaac T. Kohlberg Sells 15,000 Shares of Stock

Acacia Research Co. (NASDAQ:ACTG) Director Isaac T. Kohlberg sold 15,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $4.57, for a total transaction of $68,550.00. Following the completion of the transaction, the director now owns 69,274 shares in the company, valued at $316,582.18. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Acacia Research Price Performance

Shares of NASDAQ ACTG opened at $4.50 on Wednesday. Acacia Research Co. has a 1 year low of $3.58 and a 1 year high of $5.74. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. The company’s 50-day moving average is $4.60 and its 200 day moving average is $4.93. The stock has a market capitalization of $438.16 million, a P/E ratio of 8.57 and a beta of 0.53.

Hedge Funds Weigh In On Acacia Research

Several hedge funds and other institutional investors have recently modified their holdings of ACTG. Krilogy Financial LLC boosted its stake in Acacia Research by 73.0% during the second quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock worth $4,073,000 after acquiring an additional 343,000 shares in the last quarter. State Street Corp boosted its stake in Acacia Research by 9.2% during the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock worth $14,687,000 after acquiring an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 worth $8,878,000 after acquiring an additional 233,759 shares in the last quarter. American Century Companies Inc. boosted its stake 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 worth $712,000 after acquiring an additional 113,207 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Acacia Research during the first quarter worth about $439,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Acacia Research from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th.

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.