Acacia Research Co. (NASDAQ:ACTG) Director Sells $68,550.00 in Stock

Acacia Research Co. (NASDAQ:ACTG) Director Isaac T. Kohlberg sold 15,000 shares of the 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 directly owns 69,274 shares of the company’s stock, valued at approximately $316,582.18. This trade represents a 17.80 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Acacia Research Price Performance

Shares of NASDAQ:ACTG opened at $4.49 on Friday. Acacia Research Co. has a one year low of $3.58 and a one year high of $5.74. The stock has a market cap of $437.19 million, a PE ratio of 8.47 and a beta of 0.53. The business’s fifty day moving average price is $4.59 and its two-hundred day moving average price is $4.92. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new stake in shares of Acacia Research during the second quarter worth about $83,000. Dimensional Fund Advisors LP boosted 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 worth $8,878,000 after acquiring an additional 233,759 shares during the last quarter. Vanguard Group Inc. grew its stake 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 worth $11,980,000 after acquiring an additional 13,692 shares during the period. American Century Companies Inc. raised its holdings in Acacia Research by 392.1% in the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after acquiring an additional 113,207 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Acacia Research during the 2nd quarter worth $354,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analyst Weigh In

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

About Acacia Research

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.