Acacia Research Co. (NASDAQ:ACTG) Holdings Trimmed by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC lowered its holdings in Acacia Research Co. (NASDAQ:ACTG) by 98.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,399 shares of the business services provider’s stock after selling 2,376,327 shares during the period. ArrowMark Colorado Holdings LLC’s holdings in Acacia Research were worth $128,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company purchased a new stake in Acacia Research in the 2nd quarter worth about $83,000. Dimensional Fund Advisors LP boosted its holdings in shares of Acacia Research by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock worth $8,878,000 after purchasing an additional 233,759 shares during the period. Vanguard Group Inc. increased its stake in Acacia Research by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock valued at $11,980,000 after buying an additional 13,692 shares during the period. American Century Companies Inc. lifted its position in Acacia Research by 392.1% in the 2nd quarter. American Century Companies Inc. now owns 142,082 shares of the business services provider’s stock worth $712,000 after buying an additional 113,207 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Acacia Research during the 2nd quarter valued at $354,000. Institutional investors and hedge funds own 86.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Acacia Research from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th.

Acacia Research Stock Down 2.9 %

Shares of Acacia Research stock opened at $4.42 on Tuesday. The stock has a 50-day simple moving average of $4.59 and a 200-day simple moving average of $4.91. Acacia Research Co. has a 52-week low of $3.65 and a 52-week high of $5.74. The firm has a market cap of $430.38 million, a price-to-earnings ratio of 8.34 and a beta of 0.53. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95.

Insider Buying and Selling at Acacia Research

In other Acacia Research news, Director Isaac T. Kohlberg sold 15,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $4.57, for a total transaction of $68,550.00. Following the transaction, the director now directly owns 69,274 shares in the company, valued at $316,582.18. This trade represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.65% of the company’s stock.

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.