Acacia Research Corporation (NASDAQ:ACTG) Director G Louis Graziadio III bought 19,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were bought at an average price of $3.35 per share, with a total value of $63,650.00. Following the transaction, the director now directly owns 523,351 shares in the company, valued at $1,753,225.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Monday, August 28th, G Louis Graziadio III bought 2,556 shares of Acacia Research Corporation stock. The shares were bought at an average price of $3.20 per share, with a total value of $8,179.20.
  • On Friday, August 25th, G Louis Graziadio III acquired 2,500 shares of Acacia Research Corporation stock. The stock was acquired at an average price of $3.30 per share, with a total value of $8,250.00.
  • On Thursday, August 24th, G Louis Graziadio III acquired 800 shares of Acacia Research Corporation stock. The stock was acquired at an average price of $3.30 per share, with a total value of $2,640.00.
  • On Wednesday, August 23rd, G Louis Graziadio III acquired 22,094 shares of Acacia Research Corporation stock. The stock was acquired at an average price of $3.13 per share, with a total value of $69,154.22.
  • On Tuesday, August 22nd, G Louis Graziadio III acquired 10,000 shares of Acacia Research Corporation stock. The stock was acquired at an average price of $3.08 per share, with a total value of $30,800.00.

Shares of Acacia Research Corporation (ACTG) traded down 2.239% during trading on Thursday, reaching $3.275. The company’s stock had a trading volume of 356,439 shares. Acacia Research Corporation has a 52-week low of $2.90 and a 52-week high of $7.68. The company’s market cap is $165.71 million. The firm’s 50-day moving average is $3.53 and its 200 day moving average is $4.62.

Acacia Research Corporation (NASDAQ:ACTG) last issued its earnings results on Thursday, July 27th. The business services provider reported ($0.17) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.25. The business had revenue of $16.46 million during the quarter, compared to analyst estimates of $5 million. Acacia Research Corporation had a negative net margin of 25.64% and a negative return on equity of 1.06%. The company’s revenue for the quarter was down 60.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.23 EPS. On average, equities research analysts predict that Acacia Research Corporation will post $0.02 EPS for the current fiscal year.

WARNING: “Acacia Research Corporation (ACTG) Director G Louis Graziadio III Purchases 19,000 Shares of Stock” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/acacia-research-corporation-actg-director-g-louis-graziadio-iii-purchases-19000-shares-of-stock/1534700.html.

ACTG has been the subject of several research analyst reports. Northland Securities set a $8.00 price objective on Acacia Research Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research upgraded Acacia Research Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Barclays PLC reiterated a “sell” rating and issued a $5.00 price objective on shares of Acacia Research Corporation in a research report on Sunday, May 7th. Finally, ValuEngine downgraded Acacia Research Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.

Several large investors have recently modified their holdings of ACTG. American International Group Inc. increased its stake in shares of Acacia Research Corporation by 7.1% in the first quarter. American International Group Inc. now owns 30,748 shares of the business services provider’s stock worth $177,000 after buying an additional 2,028 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of Acacia Research Corporation 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. The Manufacturers Life Insurance Company increased its stake in shares of Acacia Research Corporation by 11.0% in the second quarter. The Manufacturers Life Insurance Company now owns 45,910 shares of the business services provider’s stock worth $188,000 after buying an additional 4,553 shares in the last quarter. Voya Investment Management LLC increased its stake in shares of Acacia Research Corporation by 22.0% in the second quarter. Voya Investment Management LLC now owns 29,044 shares of the business services provider’s stock worth $119,000 after buying an additional 5,231 shares in the last quarter. Finally, Nationwide Fund Advisors increased its stake in shares of Acacia Research Corporation by 3.4% in the first quarter. Nationwide Fund Advisors now owns 168,024 shares of the business services provider’s stock worth $966,000 after buying an additional 5,483 shares in the last quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

Acacia Research Corporation 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 Corporation (NASDAQ:ACTG)

Receive News & Ratings for Acacia Research Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Research Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.