G Louis Graziadio III Purchases 17,600 Shares of Acacia Research Corp (NASDAQ:ACTG) Stock

Acacia Research Corp (NASDAQ:ACTG) Director G Louis Graziadio III purchased 17,600 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was acquired at an average price of $3.63 per share, for a total transaction of $63,888.00. Following the acquisition, the director now directly owns 605,051 shares of the company’s stock, valued at approximately $2,196,335.13. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

G Louis Graziadio III also recently made the following trade(s):

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  • On Monday, March 12th, G Louis Graziadio III acquired 10,500 shares of Acacia Research stock. The shares were purchased at an average price of $3.70 per share, for a total transaction of $38,850.00.
  • On Tuesday, March 6th, G Louis Graziadio III acquired 2,000 shares of Acacia Research stock. The shares were purchased at an average price of $3.65 per share, for a total transaction of $7,300.00.
  • On Tuesday, February 20th, G Louis Graziadio III purchased 3,000 shares of Acacia Research stock. The stock was bought at an average price of $3.45 per share, with a total value of $10,350.00.
  • On Thursday, February 15th, G Louis Graziadio III purchased 30,000 shares of Acacia Research stock. The stock was bought at an average price of $3.61 per share, with a total value of $108,300.00.

Acacia Research stock opened at $3.50 on Monday. The firm has a market capitalization of $177.27, a price-to-earnings ratio of 1.18 and a beta of 0.99. Acacia Research Corp has a 12 month low of $2.90 and a 12 month high of $5.60.

Acacia Research (NASDAQ:ACTG) last released its quarterly earnings data on Tuesday, February 13th. The business services provider reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $3.46 million during the quarter, compared to the consensus estimate of $13.40 million. Acacia Research had a net margin of 33.91% and a return on equity of 50.06%. equities analysts forecast that Acacia Research Corp will post 0.14 EPS for the current year.

Acacia Research declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 13th that permits the company to buyback $20.00 million in shares. This buyback authorization permits the business services provider to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Acacia Research by 7.0% during the second quarter. Vanguard Group Inc. now owns 2,038,565 shares of the business services provider’s stock valued at $8,358,000 after acquiring an additional 134,030 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Acacia Research by 15.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,366,475 shares of the business services provider’s stock valued at $6,217,000 after acquiring an additional 186,418 shares during the period. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Acacia Research by 3.2% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 934,275 shares of the business services provider’s stock valued at $3,784,000 after acquiring an additional 28,710 shares during the period. State Street Corp boosted its holdings in shares of Acacia Research by 4.7% during the second quarter. State Street Corp now owns 902,295 shares of the business services provider’s stock valued at $3,701,000 after acquiring an additional 40,245 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Acacia Research by 4.1% during the second quarter. Northern Trust Corp now owns 635,731 shares of the business services provider’s stock valued at $2,607,000 after acquiring an additional 24,965 shares during the period. 65.80% of the stock is owned by institutional investors.

A number of analysts recently issued reports on the stock. TheStreet lowered shares of Acacia Research from a “c-” rating to a “d” rating in a research note on Friday, February 16th. Zacks Investment Research lowered shares of Acacia Research from a “buy” rating to a “hold” rating in a research note on Thursday, March 29th. Finally, ValuEngine lowered shares of Acacia Research from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $5.67.

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Acacia Research Company Profile

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.

Insider Buying and Selling by Quarter for Acacia Research (NASDAQ:ACTG)

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