Krilogy Financial LLC Increases Holdings in Acacia Research Corporation $ACTG

Key Points

• Krilogy Financial LLC increased its stake in Acacia Research Corporation by 20.8%, acquiring an additional 240,535 shares to own approximately 1.45% of the company worth $5,007,000.
• Acacia Research's stock experienced a 2.1% gain, with current trading at $3.36 as of Tuesday.
• Wall Street Zen downgraded Acacia Research from a "buy" rating to a "hold" rating on August 9th.

Krilogy Financial LLC increased its position in Acacia Research Corporation (NASDAQ:ACTG - Free Report) by 20.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,398,559 shares of the business services provider's stock after purchasing an additional 240,535 shares during the period. Krilogy Financial LLC owned approximately 1.45% of Acacia Research worth $5,007,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Formidable Asset Management LLC raised its holdings in Acacia Research by 1.0% in the 4th quarter. Formidable Asset Management LLC now owns 1,002,922 shares of the business services provider's stock worth $4,353,000 after acquiring an additional 10,257 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of Acacia Research by 5.7% during the first quarter. American Century Companies Inc. now owns 464,416 shares of the business services provider's stock valued at $1,486,000 after purchasing an additional 24,884 shares in the last quarter. Peapod Lane Capital LLC boosted its position in shares of Acacia Research by 82.9% during the first quarter. Peapod Lane Capital LLC now owns 435,279 shares of the business services provider's stock valued at $1,393,000 after buying an additional 197,268 shares during the last quarter. Tidal Investments LLC increased its holdings in Acacia Research by 6.2% in the 4th quarter. Tidal Investments LLC now owns 418,143 shares of the business services provider's stock worth $1,815,000 after buying an additional 24,559 shares in the last quarter. Finally, Levin Capital Strategies L.P. raised its position 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 worth $880,000 after buying an additional 91,004 shares during the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Acacia Research Stock Performance

Shares of Acacia Research stock traded down $0.09 on Friday, hitting $3.31. 386,702 shares of the company's stock were exchanged, compared to its average volume of 184,964. The company has a debt-to-equity ratio of 0.18, a quick ratio of 8.29 and a current ratio of 8.80. The stock has a market capitalization of $319.22 million, a PE ratio of -55.16 and a beta of 0.65. Acacia Research Corporation has a 1 year low of $2.70 and a 1 year high of $5.36. The company has a 50-day simple moving average of $3.44 and a 200-day simple moving average of $3.48.

Wall Street Analysts Forecast Growth

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

Acacia Research 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.