About Acacia Research Corporation (NASDAQ:ACTG)
Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company's operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. The Company's operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. The Company's operating subsidiaries own or control the rights to multiple patent portfolios, which include the United States patents and certain foreign counterparts, covering technologies used in a range of industries.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: Business Support Services
- Sub-Industry: Research & Consulting Services
- Symbol: NASDAQ:ACTG
- CUSIP: 00388130
- Web: www.acaciaresearch.com
- Market Cap: $212.51 million
- Outstanding Shares: 50,597,000
- 50 Day Moving Avg: $4.21
- 200 Day Moving Avg: $4.16
- 52 Week Range: $2.90 - $7.68
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.73
- P/E Growth: 10.25
- Annual Revenue: $111.94 million
- Price / Sales: 1.90
- Book Value: $4.82 per share
- Price / Book: 0.87
- EBITDA: $13.8 million
- Net Margins: -25.64%
- Return on Equity: -1.06%
- Return on Assets: -0.95%
- Current Ratio: 7.32%
- Quick Ratio: 7.32%
- Average Volume: 675,866 shs.
- Beta: 1.24
- Short Ratio: 5.4
Frequently Asked Questions for Acacia Research Corporation (NASDAQ:ACTG)
What is Acacia Research Corporation's stock symbol?
Acacia Research Corporation trades on the NASDAQ under the ticker symbol "ACTG."
How were Acacia Research Corporation's earnings last quarter?
Acacia Research Corporation (NASDAQ:ACTG) posted its earnings results on Thursday, July, 27th. The company reported ($0.17) earnings per share for the quarter, missing the Zacks' consensus estimate of $0.08 by $0.25. The firm had revenue of $16.46 million for the quarter, compared to analysts' expectations of $5 million. Acacia Research Corporation had a negative return on equity of 1.06% and a negative net margin of 25.64%. The business's revenue for the quarter was down 60.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share. View Acacia Research Corporation's Earnings History.
When will Acacia Research Corporation make its next earnings announcement?
Where is Acacia Research Corporation's stock going? Where will Acacia Research Corporation's stock price be in 2017?
2 brokerages have issued twelve-month target prices for Acacia Research Corporation's stock. Their forecasts range from $5.00 to $8.00. On average, they expect Acacia Research Corporation's share price to reach $6.50 in the next twelve months. View Analyst Ratings for Acacia Research Corporation.
Are investors shorting Acacia Research Corporation?
Acacia Research Corporation saw a increase in short interest in the month of September. As of September 29th, there was short interest totalling 2,238,013 shares, an increase of 39.4% from the September 15th total of 1,605,603 shares. Based on an average daily trading volume, of 1,950,194 shares, the days-to-cover ratio is presently 1.1 days. Approximately 4.6% of the company's stock are short sold.
Who are some of Acacia Research Corporation's key competitors?
Some companies that are related to Acacia Research Corporation include Vectrus (VEC), Cape PLC (CIU), Willdan Group (WLDN), Hogg Robinson Group plc (HRG), Information Services Group (III), General Finance Corporation (GFN), Interserve plc (IRV), Performant Financial Corporation (PFMT), Inspired Energy PLC (INSE), Begbies Traynor Group plc (BEG), Wyg Plc (WYG), Utilitywise PLC (UTW), Odyssey Marine Exploration (OMEX), Blancco Technology Group PLC (BLTG), Interpace Diagnostics Group (IDXG), Metal Tiger PLC (MTR), Water Intelligence PLC (WATR) and Management Resource Solutions PLC (MRS).
Who are Acacia Research Corporation's key executives?
Acacia Research Corporation's management team includes the folowing people:
- Paul R. Ryan, Chairman and CEO
- Robert L. (Chip) Harris II, President and Director
- Clayton J. Haynes, SVP, Finance, CFO, and Treasurer
- G. Louis Graziadio III, Executive Chairman of the Board
- Robert B. Stewart Jr., President
- Clayton J. Haynes, Chief Financial Officer, Senior Vice President - Finance, Treasurer
- Edward J. Treska, Executive Vice President, General Counsel, Secretary
- William S. Anderson, Independent Director
- Fred A. deBoom, Independent Director
- Edward W. Frykman, Independent Director
Who owns Acacia Research Corporation stock?
Acacia Research Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional investors include
JPMORGAN CHASE & COMPANY
(2.80%) and Mycio Wealth Partners LLC (0.21%). Company insiders that own Acacia Research Corporation stock include Clayton J Haynes, Edward Joseph Treska, Frank E Walsh III, G Louis Graziadio III, Marvin E Key, Robert B Stewart Jr and Robert L Harris II. View Institutional Ownership Trends for Acacia Research Corporation.
Who bought Acacia Research Corporation stock? Who is buying Acacia Research Corporation stock?
Acacia Research Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Mycio Wealth Partners LLC. Company insiders that have bought Acacia Research Corporation stock in the last two years include Clayton J Haynes, Edward Joseph Treska, Frank E Walsh III, G Louis Graziadio III, Marvin E Key, Robert B Stewart Jr and Robert L Harris II. View Insider Buying and Selling for Acacia Research Corporation.
How do I buy Acacia Research Corporation stock?
Shares of Acacia Research Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Acacia Research Corporation's stock price today?
MarketBeat Community Rating for Acacia Research Corporation (NASDAQ ACTG)MarketBeat's community ratings are surveys of what our community members think about Acacia Research Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Acacia Research Corporation stock can currently be purchased for approximately $4.20.
Consensus Ratings for Acacia Research Corporation (NASDAQ:ACTG) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$6.50 (54.76% upside)|Consensus Price Target History for Acacia Research Corporation (NASDAQ:ACTG)
Analysts' Ratings History for Acacia Research Corporation (NASDAQ:ACTG)
(Data available from 10/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/10/2017||Northland Securities||Set Price Target||Buy||$8.00||High|
|5/7/2017||Barclays PLC||Reiterated Rating||Sell||$5.00||Low|
|12/23/2015||Lake Street Capital||Lower Price Target||Buy||$12.00 -> $6.50||N/A|
Earnings History for Acacia Research Corporation (NASDAQ:ACTG)Earnings History by Quarter for Acacia Research Corporation (NASDAQ ACTG)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/27/2017||Q2 2017||$0.08||($0.17)||$5.00 million||$16.46 million||View||N/A|
|5/4/2017||Q1 2017||$0.01||($0.13)||$20.00 million||$8.85 million||View||Listen|
|3/9/2017||12/31/2016||$0.08||$0.02||$24.00 million||$22.00 million||View||Listen|
|10/27/2016||Q316||$0.02||$0.31||$26.32 million||$64.60 million||View||Listen|
|7/28/2016||Q216||$0.03||$0.23||$23.33 million||$41.40 million||View||Listen|
|4/21/2016||Q116||$0.04||$0.05||$23.50 million||$24.70 million||View||Listen|
|2/25/2016||Q415||$0.11||$0.09||$27.61 million||$37.50 million||View||Listen|
|10/22/2015||Q315||$0.13||($0.23)||$32.83 million||$13.00 million||View||Listen|
|7/23/2015||Q215||$0.06||$0.25||$29.14 million||$40.34 million||View||Listen|
|4/23/2015||Q115||$0.09||$0.06||$32.54 million||$34.20 million||View||N/A|
|2/19/2015||Q414||$0.04||$0.03||$26.42 million||$31.00 million||View||N/A|
|10/22/2014||Q314||($0.02)||$0.10||$22.70 million||$37.20 million||View||Listen|
|7/24/2014||Q214||$0.06||$0.16||$15.13 million||$50.07 million||View||N/A|
|4/17/2014||Q114||$0.01||($0.11)||$238.48 million||$12.58 million||View||N/A|
|2/20/2014||Q413||$0.15||($0.22)||$25.29 million||$15.07 million||View||N/A|
|10/17/2013||Q313||$0.42||$0.11||$34.94 million||$15.52 million||View||Listen|
|7/18/2013||Q2 2013||$0.47||$0.13||$66.98 million||$23.11 million||View||Listen|
|4/18/2013||Q1 2013||$0.50||$0.47||$58.68 million||$76.90 million||View||N/A|
|2/21/2013||Q4 2012||$0.24||$0.86||$43.33 million||$66.30 million||View||Listen|
Earnings Estimates for Acacia Research Corporation (NASDAQ:ACTG)
Current Year EPS Consensus Estimate: $0.02 EPS
Next Year EPS Consensus Estimate: $0.33 EPS
Dividend History by Quarter for Acacia Research Corporation (NASDAQ ACTG)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Acacia Research Corporation (NASDAQ:ACTG)
Insider Ownership Percentage: 2.81%Insider Trades by Quarter for Acacia Research Corporation (NASDAQ:ACTG)
Institutional Ownership Percentage: 70.91%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/15/2017||Clayton J Haynes||CFO||Buy||2,000||$3.99||$7,980.00|| |
|9/15/2017||Edward Joseph Treska||VP||Buy||2,500||$3.98||$9,950.00|| |
|9/15/2017||Frank E Walsh III||Director||Buy||25,000||$3.98||$99,500.00|| |
|9/15/2017||Robert B Stewart Jr||President||Buy||5,000||$4.01||$20,050.00|| |
|9/13/2017||G Louis Graziadio III||Director||Buy||22,600||$3.95||$89,270.00|| |
|9/1/2017||G Louis Graziadio III||Director||Buy||8,200||$3.40||$27,880.00|| |
|8/31/2017||Frank E Walsh III||Director||Buy||25,000||$3.32||$83,000.00|| |
|8/29/2017||G Louis Graziadio III||Director||Buy||19,000||$3.35||$63,650.00|| |
|8/28/2017||G Louis Graziadio III||Director||Buy||2,556||$3.20||$8,179.20|| |
|8/25/2017||G Louis Graziadio III||Director||Buy||2,500||$3.30||$8,250.00|| |
|8/24/2017||G Louis Graziadio III||Director||Buy||800||$3.30||$2,640.00|| |
|8/23/2017||G Louis Graziadio III||Director||Buy||22,094||$3.13||$69,154.22|| |
|8/22/2017||G Louis Graziadio III||Director||Buy||10,000||$3.08||$30,800.00|| |
|5/11/2017||G Louis Graziadio III||Insider||Buy||97,445||$4.99||$486,250.55|| |
|5/9/2017||G Louis Graziadio III||Director||Buy||40,000||$4.92||$196,800.00|| |
|5/8/2017||G Louis Graziadio III||Director||Buy||10,419||$5.07||$52,824.33|| |
|3/14/2017||Frank E Walsh III||Director||Buy||7,335||$5.05||$37,041.75|| |
|3/13/2017||Frank E Walsh III||Director||Buy||44,765||$5.09||$227,853.85|| |
|8/30/2016||G Louis Graziadio III||Director||Buy||38,889||$5.89||$229,056.21|| |
|8/26/2016||G Louis Graziadio III||Director||Buy||40,221||$5.86||$235,695.06|| |
|8/8/2016||G Louis Graziadio III||Director||Buy||8,729||$5.97||$52,112.13|| |
|8/5/2016||G Louis Graziadio III||Director||Buy||38,038||$5.82||$221,381.16|| |
|6/16/2016||Frank E Walsh III||Director||Buy||50,000||$4.66||$233,000.00|| |
|6/9/2016||Frank E Walsh III||Director||Buy||40,000||$5.00||$200,000.00|| |
|5/19/2016||G Louis Graziadio III||Director||Buy||98,887||$4.59||$453,891.33|| |
|5/18/2016||Frank E Walsh III||Director||Buy||40,000||$4.63||$185,200.00|| |
|5/16/2016||G Louis Graziadio III||Director||Buy||116,174||$4.61||$535,562.14|| |
|5/12/2016||G Louis Graziadio III||Director||Buy||90,701||$4.66||$422,666.66|| |
|5/10/2016||G Louis Graziadio III||Director||Buy||7,301||$4.59||$33,511.59|| |
|5/9/2016||G Louis Graziadio III||Director||Buy||26,302||$4.59||$120,726.18|| |
|5/5/2016||Frank E Walsh III||Director||Buy||25,000||$4.61||$115,250.00|| |
|5/4/2016||G Louis Graziadio III||Director||Buy||34,740||$4.61||$160,151.40|| |
|5/2/2016||G Louis Graziadio III||Director||Buy||8,200||$4.74||$38,868.00|| |
|4/29/2016||G Louis Graziadio III||Director||Buy||10,000||$4.79||$47,900.00|| |
|4/27/2016||G Louis Graziadio III||Director||Buy||10,000||$4.44||$44,400.00|| |
|4/25/2016||Frank E Walsh III||Director||Buy||35,000||$4.13||$144,550.00|| |
|4/25/2016||Marvin E Key||CEO||Buy||55,000||$4.15||$228,250.00|| |
|3/17/2016||G Louis Graziadio III||Director||Buy||74,196||$3.79||$281,202.84|| |
|3/17/2016||Marvin E Key||CEO||Buy||65,000||$3.76||$244,400.00|| |
|12/1/2015||Robert L Harris II||Chairman||Buy||14,301||$5.86||$83,803.86|| |
|11/30/2015||Robert L Harris II||Chairman||Buy||10,500||$5.66||$59,430.00|| |
|11/27/2015||Robert L Harris II||Chairman||Buy||15,000||$5.71||$85,650.00|| |
|11/25/2015||Robert L Harris II||Chairman||Buy||15,000||$5.63||$84,450.00|| |
|6/4/2015||Fred A Deboom||Director||Buy||2,000||$10.20||$20,400.00|| |
|6/2/2015||Fred A Deboom||Director||Sell||2,000||$10.35||$20,700.00|| |
|12/5/2014||Fred A Deboom||Director||Sell||2,000||$19.50||$39,000.00|| |
|11/26/2014||Fred A Deboom||Director||Sell||5,000||$19.50||$97,500.00|| |
|11/20/2014||Clayton J Haynes||CFO||Sell||4,365||$18.14||$79,181.10|| |
|11/20/2014||Edward Joseph Treska||VP||Sell||8,115||$18.14||$147,206.10|| |
|11/20/2014||Robert L Harris II||Chairman||Sell||12,925||$18.14||$234,459.50|| |
|9/15/2014||Fred A Deboom||Director||Sell||1,000||$17.62||$17,620.00|| |
|8/28/2014||Fred A Deboom||Director||Sell||1,000||$17.75||$17,750.00|| |
|5/20/2014||Clayton Haynes||CFO||Sell||6,732||$14.84||$99,902.88|| |
|5/20/2014||Matthew Vella||CEO||Sell||24,446||$14.84||$362,778.64|| |
|5/20/2014||Robert Harris II||Chairman||Sell||14,561||$14.84||$216,085.24|| |
|1/21/2014||Edward Joseph Treska||VP||Sell||4,167||$14.07||$58,629.69|| |
|12/12/2013||Clayton Haynes||CFO||Sell||3,000||$12.70||$38,100.00|| |
|12/12/2013||Robert Harris II||Chairman||Sell||6,667||$12.70||$84,670.90|| |
|10/22/2013||Matthew Vella||President||Sell||2,400||$16.03||$38,472.00|| |
|9/3/2013||Fred A Deboom||Director||Sell||2,000||$22.28||$44,560.00|| |
|8/28/2013||Clayton Haynes||CFO||Sell||1,142||$21.44||$24,484.48|| |
|8/23/2013||Matthew Vella||President||Sell||4,768||$22.05||$105,134.40|| |
|7/31/2013||Clayton J Haynes||CFO||Sell||2,517||$22.85||$57,513.45|| |
|7/31/2013||Edward Joseph Treska||SVP||Sell||1,414||$22.87||$32,338.18|| |
|7/31/2013||Matthew Vella||President||Sell||3,969||$22.87||$90,771.03|| |
|7/31/2013||Paul R Ryan||CEO||Sell||48,333||$22.87||$1,105,375.71|| |
|7/31/2013||Robert L Harris II||Chairman||Sell||8,334||$22.87||$190,598.58|| |
|7/25/2013||Fred A Deboom||Director||Sell||10,000||$22.74||$227,400.00|| |
|7/22/2013||Clayton J Haynes||CFO||Sell||1,576||$21.95||$34,593.20|| |
|7/22/2013||Edward Joseph Treska||VP||Sell||4,167||$21.95||$91,465.65|| |
|7/22/2013||Matthew Vella||President||Sell||4,616||$21.95||$101,321.20|| |
|7/22/2013||Paul R Ryan||CEO||Sell||3,147||$21.95||$69,076.65|| |
|7/22/2013||Robert L Harris II||Chairman||Sell||8,333||$21.95||$182,909.35|| |
|6/25/2013||Clayton J Haynes||CFO||Sell||1,085||$23.58||$25,584.30|| |
|6/13/2013||Fred A Deboom||Director||Sell||2,000||$25.00||$50,000.00|| |
|5/28/2013||Clayton J Haynes||CFO||Sell||1,060||$24.20||$25,652.00|| |
|5/15/2013||Clayton J Haynes||CFO||Sell||2,262||$23.60||$53,383.20|| |
|5/15/2013||Matthew Vella||President||Sell||5,021||$23.60||$118,495.60|| |
|5/15/2013||Robert L Harris II||Chairman||Sell||13,333||$23.60||$314,658.80|| |
|8/8/2012||Paul R Ryan||CEO||Sell||25,000||$26.19||$654,750.00|| |
|8/8/2012||Robert L Harris II||Chairman||Sell||12,500||$26.19||$327,375.00|| |
Headline Trends for Acacia Research Corporation (NASDAQ:ACTG)
Latest Headlines for Acacia Research Corporation (NASDAQ:ACTG)
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Acacia Research Corporation (ACTG) Chart for Tuesday, October, 24, 2017