Acacia Research Co. (NASDAQ:ACTG) Sees Large Drop in Short Interest

Acacia Research Co. (NASDAQ:ACTG) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 1,250,000 shares, a decrease of 7.4% from the December 31st total of 1,350,000 shares. Based on an average daily volume of 259,000 shares, the short-interest ratio is currently 4.8 days.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Acacia Research from a “hold” rating to a “sell” rating in a report on Wednesday, January 15th.

Insider Transactions at Acacia Research

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $4.57, for a total value of $68,550.00. Following the completion of the sale, the director now directly owns 69,274 shares of the company’s stock, valued at approximately $316,582.18. This represents a 17.80 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.65% of the company’s stock.

Institutional Trading of Acacia Research

A number of institutional investors have recently bought and sold shares of the stock. Peapod Lane Capital LLC bought a new stake in Acacia Research in the fourth quarter worth $1,033,000. Empowered Funds LLC lifted its position in shares of Acacia Research by 113.0% during the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock worth $708,000 after purchasing an additional 86,531 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Acacia Research by 28.1% during the fourth quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider’s stock worth $86,000 after purchasing an additional 4,327 shares during the last quarter. Krilogy Financial LLC lifted its position in shares of Acacia Research by 7.2% during the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock worth $4,505,000 after purchasing an additional 69,400 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in shares of Acacia Research by 8.7% during the third quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock worth $1,834,000 after purchasing an additional 31,352 shares during the last quarter. 86.69% of the stock is currently owned by institutional investors.

Acacia Research Stock Down 0.5 %

Shares of ACTG opened at $4.36 on Monday. The company has a market cap of $424.53 million, a PE ratio of 8.23 and a beta of 0.52. The business has a fifty day moving average of $4.41 and a 200 day moving average of $4.62. Acacia Research has a 52-week low of $3.78 and a 52-week high of $5.74. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12.

About Acacia Research

Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.