XTX Topco Ltd Buys Shares of 34,712 Acacia Research Co. (NASDAQ:ACTG)

XTX Topco Ltd purchased a new stake in shares of Acacia Research Co. (NASDAQ:ACTG) in the second quarter, according to its most recent filing with the SEC. The firm purchased 34,712 shares of the business services provider’s stock, valued at approximately $174,000.

Other institutional investors have also modified their holdings of the company. Corsair Capital Management L.P. acquired a new position in Acacia Research during the fourth quarter worth $59,000. Salem Investment Counselors Inc. purchased a new position in shares of Acacia Research in the first quarter valued at $153,000. Counterpoint Mutual Funds LLC acquired a new position in shares of Acacia Research during the 1st quarter worth $136,000. BNP Paribas Financial Markets boosted its position in shares of Acacia Research by 146.4% in the 1st quarter. BNP Paribas Financial Markets now owns 28,165 shares of the business services provider’s stock worth $150,000 after buying an additional 16,735 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Acacia Research by 8.1% in the 1st quarter. Empowered Funds LLC now owns 172,476 shares of the business services provider’s stock valued at $919,000 after acquiring an additional 12,950 shares during the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Acacia Research from a “buy” rating to a “hold” rating in a research report on Monday, August 12th.

Acacia Research Price Performance

ACTG stock opened at $4.66 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 10.90 and a current ratio of 11.17. The stock’s 50 day moving average price is $4.82 and its 200 day moving average price is $5.07. The firm has a market cap of $466.10 million, a P/E ratio of 12.94 and a beta of 0.52. Acacia Research Co. has a 1 year low of $3.43 and a 1 year high of $5.74.

Acacia Research (NASDAQ:ACTG) last issued its quarterly earnings data on Thursday, August 8th. The business services provider reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $25.84 million during the quarter. Acacia Research had a net margin of 44.42% and a return on equity of 12.00%.

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.