Krilogy Financial LLC Grows Position in Acacia Research Corporation (NASDAQ:ACTG)

Krilogy Financial LLC grew its stake in Acacia Research Corporation (NASDAQ:ACTG - Free Report) by 11.6% during the first quarter, according to 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 acquiring an additional 120,024 shares during the period. Krilogy Financial LLC owned 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 modified their holdings of the stock. Deutsche Bank AG bought a new position in Acacia Research during the 4th quarter worth about $40,000. ProShare Advisors LLC purchased a new stake in shares of Acacia Research in the 4th quarter worth approximately $46,000. Intech Investment Management LLC bought a new position in shares of Acacia Research during the fourth quarter valued at approximately $56,000. Raymond James Financial Inc. bought a new position in shares of Acacia Research during the fourth quarter valued at approximately $74,000. Finally, Aquatic Capital Management LLC purchased a new position in Acacia Research during the fourth quarter valued at approximately $82,000. 86.69% of the stock is owned by hedge funds and other institutional investors.

Acacia Research Stock Down 1.1%

Shares of NASDAQ ACTG traded down $0.04 during mid-day trading on Tuesday, reaching $3.68. 145,500 shares of the company were exchanged, compared to its average volume of 267,631. Acacia Research Corporation has a 1 year low of $2.70 and a 1 year high of $5.70. The firm has a 50-day moving average of $3.45 and a 200 day moving average of $3.87. The stock has a market cap of $353.91 million, a price-to-earnings ratio of -33.45 and a beta of 0.64. The company has a quick ratio of 5.81, a current ratio of 6.16 and a debt-to-equity ratio of 0.18.

Acacia Research (NASDAQ:ACTG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.38. Acacia Research had a negative net margin of 5.21% and a positive return on equity of 2.09%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Isaac T. Kohlberg sold 16,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $3.84, for a total transaction of $61,440.00. Following the transaction, the director now directly owns 85,446 shares in the company, valued at $328,112.64. The trade was a 15.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.65% of the stock is currently owned by company insiders.

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.