Acacia Research (NASDAQ:ACTG) Rating Lowered to “Sell” at StockNews.com

Acacia Research (NASDAQ:ACTG) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Acacia Research Stock Performance

NASDAQ:ACTG opened at $3.42 on Friday. Acacia Research has a 1 year low of $3.37 and a 1 year high of $5.74. The firm’s fifty day simple moving average is $4.17 and its 200 day simple moving average is $4.42. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $333.00 million, a PE ratio of 6.45 and a beta of 0.49.

Hedge Funds Weigh In On Acacia Research

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its holdings in Acacia Research by 9.2% during the 3rd quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock valued at $14,687,000 after purchasing an additional 265,993 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Acacia Research by 113.0% in the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock worth $708,000 after acquiring an additional 86,531 shares during the last quarter. Krilogy Financial LLC raised its stake in shares of Acacia Research by 7.2% in the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock worth $4,505,000 after acquiring an additional 69,400 shares during the last quarter. Barclays PLC raised its stake in shares of Acacia Research by 253.0% in the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after acquiring an additional 35,685 shares during the last quarter. Finally, Levin Capital Strategies L.P. raised its stake in shares of Acacia Research by 76.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 183,996 shares of the business services provider’s stock worth $799,000 after acquiring an additional 79,545 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

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.