12,995 Shares in Acacia Research Co. (NASDAQ:ACTG) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in Acacia Research Co. (NASDAQ:ACTG) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 12,995 shares of the business services provider’s stock, valued at approximately $56,000.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Acacia Research by 9.2% in the third 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 period. Empowered Funds LLC increased its holdings in Acacia Research by 113.0% in the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock valued at $708,000 after buying an additional 86,531 shares in the last quarter. Krilogy Financial LLC boosted its stake in shares of Acacia Research by 7.2% during the 4th 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 in the last quarter. Barclays PLC grew its holdings in shares of Acacia Research by 253.0% in the 3rd 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 period. Finally, Bank of New York Mellon Corp increased its stake in Acacia Research by 142.5% in the 4th quarter. Bank of New York Mellon Corp now owns 247,099 shares of the business services provider’s stock valued at $1,072,000 after purchasing an additional 145,216 shares in the last quarter. 86.69% of the stock is currently owned by hedge funds and other institutional investors.

Acacia Research Price Performance

Shares of NASDAQ ACTG opened at $3.31 on Friday. 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 company’s 50-day moving average price is $4.07 and its 200 day moving average price is $4.37. Acacia Research Co. has a 52 week low of $3.28 and a 52 week high of $5.74. The stock has a market cap of $318.04 million, a price-to-earnings ratio of 6.25 and a beta of 0.49.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Acacia Research from a “hold” rating to a “sell” rating in a research report on Saturday, March 22nd.

Acacia Research Company 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.