Acacia Research Co. (NASDAQ:ACTG) Shares Purchased by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC boosted its stake in shares of Acacia Research Co. (NASDAQ:ACTG - Free Report) by 64.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,376 shares of the business services provider's stock after buying an additional 82,431 shares during the period. Bridgeway Capital Management LLC owned 0.22% of Acacia Research worth $913,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Aquatic Capital Management LLC bought a new stake in Acacia Research during the 4th quarter valued at $82,000. Price T Rowe Associates Inc. MD lifted its stake in shares of Acacia Research by 5.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 53,399 shares of the business services provider's stock worth $232,000 after purchasing an additional 2,581 shares during the last quarter. MetLife Investment Management LLC lifted its stake in shares of Acacia Research by 204.1% during the 4th quarter. MetLife Investment Management LLC now owns 22,047 shares of the business services provider's stock worth $96,000 after purchasing an additional 14,797 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Acacia Research by 10.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,673 shares of the business services provider's stock worth $9,985,000 after purchasing an additional 220,579 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Acacia Research by 14.1% during the 4th quarter. Barclays PLC now owns 56,787 shares of the business services provider's stock worth $247,000 after purchasing an additional 6,999 shares during the last quarter. Institutional investors own 86.69% of the company's stock.

Acacia Research Stock Down 3.9%

Shares of NASDAQ ACTG traded down $0.15 during mid-day trading on Wednesday, reaching $3.73. 283,123 shares of the company were exchanged, compared to its average volume of 274,044. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The stock has a market cap of $358.40 million, a price-to-earnings ratio of 7.04 and a beta of 0.57. Acacia Research Co. has a 1 year low of $2.70 and a 1 year high of $5.74. The firm has a 50-day moving average of $3.29 and a 200 day moving average of $4.01.

Acacia Research (NASDAQ:ACTG - Get Free Report) last announced 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 return on equity of 10.35% and a net margin of 31.44%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Acacia Research from a "sell" rating to a "hold" rating in a research note on Monday.

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.