Acacia Research (NASDAQ:ACTG) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Acacia Research Corporation (NASDAQ:ACTG - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.73 and traded as high as $3.83. Acacia Research shares last traded at $3.82, with a volume of 160,339 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Acacia Research from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st.

Acacia Research Price Performance

The company has a current ratio of 6.16, a quick ratio of 5.81 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $327.46 million, a PE ratio of -31.00 and a beta of 0.59. The stock's 50-day moving average is $3.73 and its two-hundred day moving average is $3.72.

Acacia Research (NASDAQ:ACTG - Get Free Report) last issued its earnings results on Thursday, May 8th. The business services provider reported $0.33 EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.38. Acacia Research had a negative net margin of 5.21% and a positive return on equity of 2.09%.

Insider Activity

In related news, Director Isaac T. Kohlberg sold 16,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $3.84, for a total transaction of $61,440.00. Following the completion of the transaction, the director owned 85,446 shares of the company's stock, valued at $328,112.64. This trade represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACTG. Krilogy Financial LLC boosted its position in Acacia Research by 11.6% during the first quarter. Krilogy Financial LLC now owns 1,158,024 shares of the business services provider's stock worth $3,706,000 after acquiring an additional 120,024 shares during the last quarter. Peapod Lane Capital LLC raised its stake in shares of Acacia Research by 82.9% in the 1st quarter. Peapod Lane Capital LLC now owns 435,279 shares of the business services provider's stock valued at $1,393,000 after acquiring an additional 197,268 shares during the period. ProShare Advisors LLC purchased a new stake in shares of Acacia Research in the 4th quarter valued at approximately $46,000. Deutsche Bank AG purchased a new stake in Acacia Research during the 4th quarter worth approximately $40,000. Finally, Raymond James Financial Inc. purchased a new stake in Acacia Research during the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 86.69% of the company's stock.

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.