Acacia Research (NASDAQ:ACTG) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Acacia Research Corporation (NASDAQ:ACTG - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.79 and traded as high as $3.82. Acacia Research shares last traded at $3.79, with a volume of 201,307 shares changing hands.

Analyst Ratings Changes

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

Acacia Research Price Performance

The stock has a market capitalization of $366.41 million, a price-to-earnings ratio of -34.64 and a beta of 0.59. The company has a quick ratio of 5.81, a current ratio of 6.16 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average of $3.66 and a 200 day moving average of $3.79.

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

Insider Transactions at Acacia Research

In other news, Director Isaac T. Kohlberg sold 16,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $3.84, for a total transaction of $61,440.00. Following the completion of the sale, the director directly owned 85,446 shares of the company's stock, valued at $328,112.64. This trade represents a 15.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.65% of the company's stock.

Institutional Trading of Acacia Research

Several hedge funds and other institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its position in Acacia Research by 5.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 53,399 shares of the business services provider's stock worth $232,000 after buying an additional 2,581 shares in the last quarter. Wells Fargo & Company MN grew its position in Acacia Research by 27.8% during the fourth quarter. Wells Fargo & Company MN now owns 22,160 shares of the business services provider's stock worth $96,000 after buying an additional 4,825 shares in the last quarter. Barclays PLC grew its position in Acacia Research by 14.1% during the fourth quarter. Barclays PLC now owns 56,787 shares of the business services provider's stock worth $247,000 after buying an additional 6,999 shares in the last quarter. Deutsche Bank AG acquired a new stake in Acacia Research during the fourth quarter worth about $40,000. Finally, Formidable Asset Management LLC grew its position in Acacia Research by 1.0% during the fourth quarter. Formidable Asset Management LLC now owns 1,002,922 shares of the business services provider's stock worth $4,353,000 after buying an additional 10,257 shares in the last quarter. Institutional investors and hedge funds 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.