Acacia Research (NASDAQ:ACTG) Shares Cross Above Two Hundred Day Moving Average - Should You Sell?

Acacia Research Corporation (NASDAQ:ACTG - Get Free Report) 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 trading hands.

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 Trading Up 3.4%

The stock has a market cap of $381.79 million, a PE ratio of -36.09 and a beta of 0.59. The business's fifty day moving average is $3.70 and its 200 day moving average is $3.78. The company has a quick ratio of 5.81, a current ratio of 6.16 and a debt-to-equity ratio of 0.18.

Acacia Research (NASDAQ:ACTG - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate 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 Buying and Selling

In related news, Director Isaac T. Kohlberg sold 16,000 shares of the company's stock in a transaction that occurred 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 approximately $328,112.64. This represents a 15.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its position in shares of Acacia Research by 142.5% in the 4th quarter. Bank of New York Mellon Corp now owns 247,099 shares of the business services provider's stock worth $1,072,000 after buying an additional 145,216 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Acacia Research in the 4th quarter worth about $74,000. Royce & Associates LP increased its holdings in shares of Acacia Research by 5.1% in the 4th quarter. Royce & Associates LP now owns 1,174,641 shares of the business services provider's stock worth $5,098,000 after acquiring an additional 56,726 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Acacia Research in the 4th quarter worth about $56,000. Finally, American Century Companies Inc. increased its holdings in shares of Acacia Research by 19.6% in the 4th quarter. American Century Companies Inc. now owns 439,532 shares of the business services provider's stock worth $1,908,000 after acquiring an additional 71,907 shares during the period. 86.69% of the stock is currently owned by institutional investors.

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.