Acacia Research (NASDAQ:ACTG) Upgraded by StockNews.com to “Hold” Rating

Acacia Research (NASDAQ:ACTG) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Acacia Research Stock Down 0.3%

Acacia Research stock opened at $3.88 on Monday. Acacia Research has a twelve month low of $2.70 and a twelve month high of $5.74. The stock has a 50 day moving average of $3.29 and a two-hundred day moving average of $4.01. 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 stock has a market capitalization of $372.81 million, a price-to-earnings ratio of 7.32 and a beta of 0.57.

Acacia Research (NASDAQ:ACTG) last posted its quarterly earnings results on Thursday, May 8th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.38. Acacia Research had a return on equity of 10.35% and a net margin of 31.44%.

Institutional Trading of Acacia Research

Several hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its holdings in shares of Acacia Research by 10.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,300,673 shares of the business services provider’s stock valued at $9,985,000 after buying an additional 220,579 shares during the period. Royce & Associates LP lifted its holdings in shares of Acacia Research by 5.1% in the 4th quarter. Royce & Associates LP now owns 1,174,641 shares of the business services provider’s stock valued at $5,098,000 after buying an additional 56,726 shares during the period. Krilogy Financial LLC lifted its holdings in shares of Acacia Research by 11.6% in the 1st quarter. Krilogy Financial LLC now owns 1,158,024 shares of the business services provider’s stock valued at $3,706,000 after buying an additional 120,024 shares during the period. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Acacia Research by 7.8% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 1,004,495 shares of the business services provider’s stock valued at $4,360,000 after buying an additional 72,494 shares during the period. Finally, Formidable Asset Management LLC lifted its holdings in shares of Acacia Research by 1.0% in the 4th quarter. Formidable Asset Management LLC now owns 1,002,922 shares of the business services provider’s stock valued at $4,353,000 after buying an additional 10,257 shares during the period. 86.69% of the stock is owned by institutional investors and hedge funds.

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.