Dimensional Fund Advisors LP increased its stake in Acacia Research Corporation (NASDAQ:ACTG) by 31.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,180,057 shares of the business services provider’s stock after acquiring an additional 279,540 shares during the period. Dimensional Fund Advisors LP owned approximately 2.34% of Acacia Research worth $4,839,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in the business. KCG Holdings Inc. boosted its holdings in shares of Acacia Research by 51.7% in the first quarter. KCG Holdings Inc. now owns 21,822 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 7,440 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Acacia Research by 105.3% in the second quarter. Alliancebernstein L.P. now owns 37,241 shares of the business services provider’s stock valued at $153,000 after purchasing an additional 19,100 shares during the period. American International Group Inc. boosted its holdings in shares of Acacia Research by 7.1% in the first quarter. American International Group Inc. now owns 30,748 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 2,028 shares during the period. Metropolitan Life Insurance Co. NY raised its stake in Acacia Research by 10.9% in the first quarter. Metropolitan Life Insurance Co. NY now owns 38,344 shares of the business services provider’s stock worth $220,000 after buying an additional 3,784 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new position in Acacia Research in the second quarter worth approximately $221,000. Institutional investors and hedge funds own 67.12% of the company’s stock.
ACTG has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Acacia Research from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Barclays reaffirmed a “sell” rating and set a $5.00 price target on shares of Acacia Research in a research report on Tuesday, October 31st. TheStreet raised shares of Acacia Research from a “d” rating to a “c-” rating in a report on Thursday, October 26th. Finally, ValuEngine raised shares of Acacia Research from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $6.50.
Acacia Research Corporation (ACTG) remained flat at $$4.15 during mid-day trading on Friday. The stock had a trading volume of 192,912 shares, compared to its average volume of 396,681. Acacia Research Corporation has a 12-month low of $2.90 and a 12-month high of $7.68. The firm has a market capitalization of $207.48, a PE ratio of 1.39 and a beta of 1.19.
In other Acacia Research news, Director G Louis Graziadio III acquired 22,600 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was bought at an average price of $3.95 per share, for a total transaction of $89,270.00. Following the acquisition, the director now owns 545,951 shares in the company, valued at $2,156,506.45. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank E. Walsh III acquired 25,000 shares of the business’s stock in a transaction on Friday, September 15th. The stock was acquired at an average price of $3.98 per share, with a total value of $99,500.00. Following the acquisition, the director now owns 383,961 shares in the company, valued at approximately $1,528,164.78. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 57,100 shares of company stock worth $226,750. Corporate insiders own 2.81% of the company’s stock.
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About Acacia Research
Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.
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