Marquette Asset Management LLC Has $150,000 Stock Position in Acacia Research Co. (NASDAQ:ACTG)

Marquette Asset Management LLC reduced its position in Acacia Research Co. (NASDAQ:ACTG) by 50.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 34,658 shares of the business services provider’s stock after selling 34,933 shares during the quarter. Marquette Asset Management LLC’s holdings in Acacia Research were worth $150,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ACTG. Bank of New York Mellon Corp raised its stake in Acacia Research by 18.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 124,099 shares of the business services provider’s stock valued at $622,000 after purchasing an additional 19,134 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Acacia Research by 36.0% during the second quarter. Victory Capital Management Inc. now owns 17,513 shares of the business services provider’s stock valued at $88,000 after buying an additional 4,638 shares in the last quarter. American Century Companies Inc. raised its position in Acacia Research by 392.1% during the second quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock valued at $712,000 after buying an additional 113,207 shares during the period. Dimensional Fund Advisors LP lifted its stake in Acacia Research by 15.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock worth $8,878,000 after acquiring an additional 233,759 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in Acacia Research by 0.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after acquiring an additional 6,143 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Acacia Research Trading Up 0.2 %

Acacia Research stock opened at $4.33 on Wednesday. Acacia Research Co. has a 12 month low of $3.66 and a 12 month high of $5.74. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The stock has a market cap of $421.60 million, a P/E ratio of 8.17 and a beta of 0.52. The company’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $4.71.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a report on Wednesday.

Insider Buying and Selling at Acacia Research

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now owns 69,274 shares of the company’s stock, valued at approximately $316,582.18. The trade was a 17.80 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.65% of the company’s stock.

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.