StockNews.com upgraded shares of Acacia Research (NASDAQ:ACTG - Free Report) from a sell rating to a hold rating in a report published on Monday.
Acacia Research Stock Up 0.3%
NASDAQ:ACTG traded up $0.01 during trading hours on Monday, hitting $3.72. 216,075 shares of the company's stock traded hands, compared to its average volume of 272,651. The firm has a market cap of $357.76 million, a P/E ratio of 7.02 and a beta of 0.57. Acacia Research has a twelve month low of $2.70 and a twelve month high of $5.74. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39. The stock's fifty day moving average price is $3.26 and its two-hundred day moving average price is $3.99.
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, beating analysts' consensus estimates of ($0.05) by $0.38. Acacia Research had a return on equity of 10.35% and a net margin of 31.44%.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently bought and sold shares of the company. Empowered Funds LLC grew its stake in Acacia Research by 113.0% in the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider's stock valued at $708,000 after purchasing an additional 86,531 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Acacia Research by 142.5% during 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 acquiring an additional 145,216 shares in the last quarter. Krilogy Financial LLC boosted its stake in shares of Acacia Research by 7.2% during the 4th quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider's stock worth $4,505,000 after acquiring an additional 69,400 shares in the last quarter. Barclays PLC boosted its stake in shares of Acacia Research by 253.0% during the 3rd quarter. Barclays PLC now owns 49,788 shares of the business services provider's stock worth $232,000 after acquiring an additional 35,685 shares in the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in shares of Acacia Research by 76.2% during the 4th quarter. Levin Capital Strategies L.P. now owns 183,996 shares of the business services provider's stock worth $799,000 after acquiring an additional 79,545 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company's stock.
Acacia Research Company Profile
(
Get Free Report)
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.
Further Reading
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