Krilogy Financial LLC Increases Stock Holdings in Acacia Research Co. (NASDAQ:ACTG)

Krilogy Financial LLC grew its stake in Acacia Research Co. (NASDAQ:ACTG - Free Report) by 11.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,158,024 shares of the business services provider's stock after buying an additional 120,024 shares during the period. Krilogy Financial LLC owned approximately 1.21% of Acacia Research worth $3,706,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ACTG. Deutsche Bank AG purchased a new position in shares of Acacia Research during the 4th quarter valued at about $40,000. ProShare Advisors LLC purchased a new position in shares of Acacia Research during the fourth quarter worth approximately $46,000. Intech Investment Management LLC purchased a new position in shares of Acacia Research during the fourth quarter worth approximately $56,000. Raymond James Financial Inc. bought a new stake in shares of Acacia Research in the 4th quarter worth approximately $74,000. Finally, Aquatic Capital Management LLC purchased a new stake in shares of Acacia Research in the 4th quarter valued at $82,000. Institutional investors own 86.69% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Acacia Research from a "buy" rating to a "hold" rating in a research report on Saturday, June 7th.

Acacia Research Trading Down 3.4%

Shares of ACTG traded down $0.13 during trading hours on Friday, hitting $3.68. The company had a trading volume of 170,849 shares, compared to its average volume of 268,389. Acacia Research Co. has a 52-week low of $2.70 and a 52-week high of $5.70. 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's 50 day moving average price is $3.42 and its 200 day moving average price is $3.89. The firm has a market cap of $353.91 million, a P/E ratio of 6.94 and a beta of 0.64.

Acacia Research (NASDAQ:ACTG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.33 earnings per share (EPS) 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%.

Insider Transactions at Acacia Research

In other news, Director Isaac T. Kohlberg sold 16,000 shares of the stock in a transaction dated 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 sale, the director now directly owns 85,446 shares in the company, valued at approximately $328,112.64. This represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.65% of the company's stock.

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.