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

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

Acacia Research Trading Down 0.5 %

Shares of NASDAQ:ACTG opened at $4.36 on Monday. Acacia Research has a 12-month low of $3.78 and a 12-month high of $5.74. The company has a market capitalization of $424.53 million, a PE ratio of 8.23 and a beta of 0.52. The business has a 50 day moving average of $4.41 and a two-hundred day moving average of $4.62. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12.

Insider Transactions at Acacia Research

In related news, Director Isaac T. Kohlberg sold 15,000 shares of Acacia Research 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 completion of the sale, the director now owns 69,274 shares of the company’s stock, valued at $316,582.18. The trade was a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.65% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ACTG. State Street Corp increased its position in shares of Acacia Research by 9.2% during the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock worth $14,687,000 after purchasing an additional 265,993 shares in the last quarter. Dimensional Fund Advisors LP increased its position 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 in the last quarter. Krilogy Financial LLC increased 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 in the last quarter. Tidal Investments LLC grew its holdings in Acacia Research by 8.7% in the 3rd quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock valued at $1,834,000 after buying an additional 31,352 shares in the last quarter. Finally, Peapod Lane Capital LLC purchased a new stake in Acacia Research in the 4th quarter valued at $1,033,000. 86.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Acacia Research Company Profile

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.