ValuEngine upgraded shares of Acacia Research Corporation (NASDAQ:ACTG) from a hold rating to a buy rating in a report released on Tuesday.

ACTG has been the topic of a number of other reports. Northland Securities set a $8.00 price objective on Acacia Research Corporation and gave the company a buy rating in a report on Monday, July 10th. Zacks Investment Research raised Acacia Research Corporation from a strong sell rating to a hold rating in a research note on Monday, October 2nd. Finally, TheStreet raised Acacia Research Corporation from a d rating to a c- rating in a research note on Thursday, October 26th. 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 stock has a consensus rating of Hold and a consensus target price of $6.50.

Acacia Research Corporation (NASDAQ ACTG) opened at 4.50 on Tuesday. The firm’s market cap is $227.69 million. The stock has a 50 day moving average price of $4.32 and a 200 day moving average price of $4.13. Acacia Research Corporation has a 1-year low of $2.90 and a 1-year high of $7.68.

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In other Acacia Research Corporation news, Director G Louis Graziadio III bought 22,094 shares of Acacia Research Corporation stock in a transaction dated Wednesday, August 23rd. The shares were purchased at an average cost of $3.13 per share, with a total value of $69,154.22. Following the completion of the purchase, the director now owns 502,995 shares of the company’s stock, valued at $1,574,374.35. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frank E. Walsh III bought 25,000 shares of Acacia Research Corporation stock in a transaction dated Friday, September 15th. The shares were acquired at an average cost of $3.98 per share, for a total transaction of $99,500.00. Following the completion of the purchase, the director now directly owns 383,961 shares of the company’s stock, valued at approximately $1,528,164.78. The disclosure for this purchase can be found here. Insiders have bought 147,250 shares of company stock worth $520,303 over the last three months. Insiders own 7.67% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACTG. Wells Fargo & Company MN boosted its position in shares of Acacia Research Corporation by 42.0% during the first quarter. Wells Fargo & Company MN now owns 49,812 shares of the business services provider’s stock valued at $286,000 after purchasing an additional 14,739 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Acacia Research Corporation by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 239,104 shares of the business services provider’s stock valued at $1,375,000 after purchasing an additional 8,773 shares in the last quarter. American International Group Inc. boosted its position in shares of Acacia Research Corporation by 7.1% during 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 in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Acacia Research Corporation by 13.7% during the first quarter. TIAA CREF Investment Management LLC now owns 261,367 shares of the business services provider’s stock valued at $1,503,000 after purchasing an additional 31,496 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Acacia Research Corporation by 5.6% during the first quarter. Geode Capital Management LLC now owns 379,856 shares of the business services provider’s stock valued at $2,184,000 after purchasing an additional 20,257 shares in the last quarter. Institutional investors own 71.84% of the company’s stock.

About Acacia Research Corporation

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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