Acacia Research Corp (NASDAQ:ACTG) Director Alfred Victor Jr. Tobia acquired 20,000 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was acquired at an average price of $3.01 per share, for a total transaction of $60,200.00. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Alfred Victor Jr. Tobia also recently made the following trade(s):

  • On Monday, December 3rd, Alfred Victor Jr. Tobia acquired 10,000 shares of Acacia Research stock. The stock was acquired at an average price of $3.10 per share, for a total transaction of $31,000.00.
  • On Friday, November 30th, Alfred Victor Jr. Tobia acquired 10,000 shares of Acacia Research stock. The stock was 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 acquired 5,346 shares of Acacia Research stock. The stock was acquired at an average price of $3.01 per share, for a total transaction of $16,091.46.

NASDAQ:ACTG opened at $3.03 on Friday. The firm has a market capitalization of $149.41 million, a PE ratio of 1.02 and a beta of 1.01. Acacia Research Corp has a 1-year low of $2.85 and a 1-year high of $4.45.

Acacia Research (NASDAQ:ACTG) last released its quarterly earnings data on Thursday, October 25th. The business services provider reported $0.11 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.19. The firm 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 research note on Tuesday, October 2nd.

A number of hedge funds have recently added to or reduced their stakes in ACTG. Vanguard Group Inc. grew its position in Acacia Research by 67.8% during the third quarter. Vanguard Group Inc. now owns 2,249,732 shares of the business services provider’s stock valued at $7,199,000 after buying an additional 909,195 shares during the period. JPMorgan Chase & Co. grew its position in Acacia Research by 99.9% during the third quarter. JPMorgan Chase & Co. now owns 1,459,639 shares of the business services provider’s stock valued at $4,671,000 after buying an additional 729,381 shares during the period. Alambic Investment Management L.P. grew its position in Acacia Research by 95.7% during the second quarter. Alambic Investment Management L.P. now owns 388,760 shares of the business services provider’s stock valued at $1,613,000 after buying an additional 190,060 shares during the period. Macquarie Group Ltd. acquired a new stake in Acacia Research during the second quarter valued at $655,000. Finally, Fondren Management LP grew its position in Acacia Research by 12.8% during the second quarter. Fondren Management LP now owns 1,218,460 shares of the business services provider’s stock valued at $5,057,000 after buying an additional 138,460 shares during the period. Institutional investors own 62.64% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Alfred Victor Jr. Tobia Purchases 20,000 Shares of Acacia Research Corp (ACTG) Stock” was first posted by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/alfred-victor-jr-tobia-purchases-20000-shares-of-acacia-research-corp-actg-stock/2669840.html.

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.

See Also: Derivative

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

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