Insider Selling: Acacia Research Co. (NASDAQ:ACTG) Director Sells 15,000 Shares of Stock

Acacia Research Co. (NASDAQ:ACTG) Director Isaac T. Kohlberg sold 15,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $4.57, for a total value of $68,550.00. Following the transaction, the director now directly owns 69,274 shares of the company’s stock, valued at $316,582.18. The trade was a 17.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Acacia Research Trading Down 1.7 %

Shares of ACTG traded down $0.08 on Tuesday, hitting $4.50. 123,554 shares of the stock traded hands, compared to its average volume of 261,719. Acacia Research Co. has a 1 year low of $3.58 and a 1 year high of $5.74. The stock’s 50 day moving average is $4.60 and its two-hundred day moving average is $4.93. The firm has a market capitalization of $438.16 million, a P/E ratio of 8.57 and a beta of 0.53. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Innealta Capital LLC purchased a new position in Acacia Research during the second quarter worth about $43,000. Atom Investors LP acquired a new position in shares of Acacia Research during the 3rd quarter valued at about $56,000. The Manufacturers Life Insurance Company purchased a new position in shares of Acacia Research during the 2nd quarter worth about $83,000. Victory Capital Management Inc. boosted its position in shares of Acacia Research by 36.0% in the second quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock worth $88,000 after acquiring an additional 4,638 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Acacia Research in the third quarter valued at approximately $117,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th.

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.