Acacia Research Corp (NASDAQ:ACTG) insider Marc W. Booth acquired 10,000 shares of the company’s stock in a transaction on Monday, October 29th. The stock was purchased at an average cost of $3.13 per share, for a total transaction of $31,300.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ:ACTG opened at $3.26 on Friday. Acacia Research Corp has a 52 week low of $2.85 and a 52 week high of $4.55. The company has a market capitalization of $149.48 million, a price-to-earnings ratio of 1.10 and a beta of 0.94.
Acacia Research (NASDAQ:ACTG) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.19. Acacia Research had a negative net margin of 237.71% and a negative return on equity of 20.66%. The company had revenue of $13.73 million for the quarter, compared to the consensus estimate of $5.00 million.
Large investors have recently made changes to their positions in the business. Strs Ohio purchased a new stake in shares of Acacia Research in the 2nd quarter valued at approximately $105,000. Macquarie Group Ltd. purchased a new stake in shares of Acacia Research in the 2nd quarter valued at approximately $655,000. PEAK6 Investments L.P. purchased a new stake in shares of Acacia Research in the 2nd quarter valued at approximately $111,000. JPMorgan Chase & Co. increased its position in shares of Acacia Research by 15.4% in the 1st quarter. JPMorgan Chase & Co. now owns 118,011 shares of the business services provider’s stock valued at $414,000 after purchasing an additional 15,725 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Acacia Research by 38.0% in the 1st quarter. California Public Employees Retirement System now owns 126,836 shares of the business services provider’s stock valued at $444,000 after purchasing an additional 34,936 shares during the last quarter. 62.56% of the stock is currently owned by institutional investors.
Separately, ValuEngine downgraded shares of Acacia Research from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.
Acacia Research Company Profile
Acacia Research Corporation, together with its subsidiaries, invests in, licenses, and enforces patented technologies. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.
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