Acacia Research Corp (NASDAQ:ACTG) Director Alfred Victor Jr. Tobia purchased 10,000 shares of Acacia Research stock in a transaction that occurred on Monday, December 3rd. The shares were purchased at an average price of $3.10 per share, for a total transaction of $31,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Alfred Victor Jr. Tobia also recently made the following trade(s):
- On Friday, November 30th, Alfred Victor Jr. Tobia purchased 10,000 shares of Acacia Research stock. The shares were acquired at an average price of $3.13 per share, for a total transaction of $31,300.00.
- On Wednesday, November 21st, Alfred Victor Jr. Tobia purchased 5,346 shares of Acacia Research stock. The shares were acquired at an average price of $3.01 per share, for a total transaction of $16,091.46.
- On Monday, November 19th, Alfred Victor Jr. Tobia purchased 20,000 shares of Acacia Research stock. The shares were acquired at an average price of $3.01 per share, for a total transaction of $60,200.00.
Shares of NASDAQ:ACTG traded down $0.02 during mid-day trading on Friday, reaching $2.99. 2,010 shares of the company’s stock were exchanged, compared to its average volume of 81,562. The firm has a market cap of $148.42 million, a PE ratio of 1.01 and a beta of 1.01. Acacia Research Corp has a twelve month low of $2.85 and a twelve month high of $4.45.
Acacia Research (NASDAQ:ACTG) last issued its quarterly earnings results on Thursday, October 25th. The business services provider reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.19. The company had revenue of $13.73 million for the quarter, compared to analyst estimates of $5.00 million. Acacia Research had a negative net margin of 237.71% and a negative return on equity of 21.97%.
Separately, ValuEngine lowered shares of Acacia Research from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.
Several large investors have recently modified their holdings of ACTG. Strs Ohio bought a new stake in Acacia Research in the second quarter valued at $105,000. PEAK6 Investments L.P. bought a new stake in Acacia Research in the second quarter valued at $111,000. Mackay Shields LLC bought a new stake in Acacia Research in the second quarter valued at $120,000. Leisure Capital Management bought a new stake in Acacia Research in the third quarter valued at $104,000. Finally, AQR Capital Management LLC increased its stake in Acacia Research by 21.9% in the third quarter. AQR Capital Management LLC now owns 185,529 shares of the business services provider’s stock valued at $594,000 after purchasing an additional 33,300 shares in the last quarter. Institutional investors own 62.64% of the company’s stock.
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About Acacia Research
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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