Acacia Research Corp (NASDAQ:ACTG) Director Alfred Victor Jr. Tobia purchased 9,654 shares of the company’s stock in a transaction that occurred on Saturday, December 7th. The stock was bought at an average cost of $3.00 per share, for a total transaction of $28,962.00. The acquisition 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 Wednesday, December 19th, Alfred Victor Jr. Tobia purchased 15,000 shares of Acacia Research stock. The stock was bought at an average cost of $2.94 per share, for a total transaction of $44,100.00.
  • On Monday, December 3rd, Alfred Victor Jr. Tobia purchased 10,000 shares of Acacia Research stock. The stock was bought at an average cost of $3.10 per share, for a total transaction of $31,000.00.
  • On Friday, November 30th, Alfred Victor Jr. Tobia purchased 10,000 shares of Acacia Research stock. The stock was bought at an average cost 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 stock was bought at an average cost 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 stock was bought at an average cost of $3.01 per share, for a total transaction of $60,200.00.

Shares of ACTG opened at $3.18 on Friday. The stock has a market capitalization of $157.85 million, a P/E ratio of 1.07 and a beta of 0.90. Acacia Research Corp has a 1-year low of $2.75 and a 1-year high of $4.40.

Separately, ValuEngine raised Acacia Research from a “sell” rating to a “hold” rating in a research note on Monday, February 4th.

Institutional investors and hedge funds have recently modified their holdings of the stock. Leisure Capital Management purchased a new position in Acacia Research in the 3rd quarter worth about $104,000. PEAK6 Investments LLC purchased a new position in Acacia Research in the 3rd quarter worth about $223,000. Vanguard Group Inc increased its stake in Acacia Research by 67.8% in the 3rd quarter. Vanguard Group Inc now owns 2,249,732 shares of the business services provider’s stock worth $7,199,000 after purchasing an additional 909,195 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Acacia Research by 99.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,459,639 shares of the business services provider’s stock worth $4,671,000 after purchasing an additional 729,381 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in Acacia Research by 21.9% in the 3rd quarter. AQR Capital Management LLC now owns 185,529 shares of the business services provider’s stock worth $594,000 after purchasing an additional 33,300 shares in the last quarter. 62.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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