Goldman Sachs Group Inc. Has $638,000 Stock Position in Acacia Research Corporation $ACTG

Key Points

• Goldman Sachs Group Inc. reduced its stake in Acacia Research Corporation by 63.8%, now holding 199,487 shares worth approximately $638,000.
• Several other institutional investors have increased their investments in Acacia Research, with Peapod Lane Capital LLC raising its holdings by 82.9% in the same quarter.
• Wall Street Zen downgraded Acacia Research from a "buy" rating to a "hold" rating on August 9th.

Goldman Sachs Group Inc. decreased its position in Acacia Research Corporation (NASDAQ:ACTG - Free Report) by 63.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 199,487 shares of the business services provider's stock after selling 351,902 shares during the period. Goldman Sachs Group Inc. owned about 0.21% of Acacia Research worth $638,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Krilogy Financial LLC raised its holdings in Acacia Research by 11.6% in the 1st quarter. Krilogy Financial LLC now owns 1,158,024 shares of the business services provider's stock valued at $3,706,000 after acquiring an additional 120,024 shares in the last quarter. American Century Companies Inc. raised its holdings in Acacia Research by 5.7% in the 1st quarter. American Century Companies Inc. now owns 464,416 shares of the business services provider's stock valued at $1,486,000 after acquiring an additional 24,884 shares in the last quarter. Peapod Lane Capital LLC raised its holdings in 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 in the last quarter. Levin Capital Strategies L.P. raised its holdings in Acacia Research by 49.5% in the 1st quarter. Levin Capital Strategies L.P. now owns 275,000 shares of the business services provider's stock valued at $880,000 after acquiring an additional 91,004 shares in the last quarter. Finally, Empowered Funds LLC raised its holdings in Acacia Research by 8.9% in the 1st quarter. Empowered Funds LLC now owns 177,666 shares of the business services provider's stock valued at $569,000 after acquiring an additional 14,590 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut Acacia Research from a "buy" rating to a "hold" rating in a report on Saturday, August 9th.

Acacia Research Trading Up 1.8%

ACTG stock opened at $3.34 on Thursday. The business has a fifty day moving average price of $3.41 and a 200 day moving average price of $3.47. Acacia Research Corporation has a fifty-two week low of $2.70 and a fifty-two week high of $5.36. The stock has a market capitalization of $322.11 million, a price-to-earnings ratio of -55.66 and a beta of 0.65. The company has a debt-to-equity ratio of 0.18, a current ratio of 8.80 and a quick ratio of 8.29.

Acacia Research Company Profile

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.

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