Insider Buying: Acacia Research Corp (ACTG) Director Buys 3,000 Shares of Stock
Acacia Research Corp (NASDAQ:ACTG) Director G Louis Graziadio III purchased 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was acquired at an average price of $3.45 per share, with a total value of $10,350.00. Following the completion of the purchase, the director now owns 588,151 shares in the company, valued at $2,029,120.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
G Louis Graziadio III also recently made the following trade(s):
- On Thursday, February 15th, G Louis Graziadio III purchased 30,000 shares of Acacia Research stock. The stock was acquired at an average price of $3.61 per share, with a total value of $108,300.00.
Acacia Research Corp (NASDAQ ACTG) traded down $0.03 during trading hours on Friday, reaching $3.47. 252,405 shares of the company’s stock were exchanged, compared to its average volume of 259,190. The company has a market cap of $175.85, a price-to-earnings ratio of 1.45 and a beta of 1.11. Acacia Research Corp has a 1-year low of $2.90 and a 1-year high of $6.30.
Several research analysts recently issued reports on ACTG shares. ValuEngine upgraded shares of Acacia Research from a “hold” rating to a “buy” rating in a research note on Tuesday, October 31st. TheStreet upgraded shares of Acacia Research from a “d” rating to a “c-” rating in a research note on Thursday, October 26th. Zacks Investment Research upgraded shares of Acacia Research from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Barclays reiterated a “sell” rating and issued a $5.00 price target on shares of Acacia Research in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $6.50.
A number of large investors have recently added to or reduced their stakes in the business. Cowen Inc. increased its stake in Acacia Research by 200.2% during the 4th quarter. Cowen Inc. now owns 111,085 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 74,085 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new stake in Acacia Research during the 4th quarter valued at about $323,000. Two Sigma Investments LP increased its stake in Acacia Research by 131.3% during the 4th quarter. Two Sigma Investments LP now owns 275,065 shares of the business services provider’s stock valued at $1,114,000 after purchasing an additional 156,158 shares in the last quarter. Two Sigma Advisers LP increased its stake in Acacia Research by 27.7% during the 4th quarter. Two Sigma Advisers LP now owns 238,138 shares of the business services provider’s stock valued at $964,000 after purchasing an additional 51,600 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Acacia Research by 33.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 89,731 shares of the business services provider’s stock valued at $363,000 after purchasing an additional 22,294 shares in the last quarter. Institutional investors and hedge funds own 65.82% of the company’s stock.
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Acacia Research 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.
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