Bridgeway Capital Management LLC Purchases 82,431 Shares of Acacia Research Co. (NASDAQ:ACTG)

Bridgeway Capital Management LLC increased its position in Acacia Research Co. (NASDAQ:ACTG) by 64.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 210,376 shares of the business services provider’s stock after buying an additional 82,431 shares during the quarter. Bridgeway Capital Management LLC’s holdings in Acacia Research were worth $913,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ACTG. Empowered Funds LLC lifted its stake in shares of Acacia Research by 113.0% in the fourth quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock valued at $708,000 after buying an additional 86,531 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Acacia Research by 142.5% during the 4th quarter. Bank of New York Mellon Corp now owns 247,099 shares of the business services provider’s stock valued at $1,072,000 after purchasing an additional 145,216 shares during the last quarter. Krilogy Financial LLC increased its holdings in Acacia Research by 7.2% during the 4th 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. Barclays PLC raised its stake in shares of Acacia Research by 253.0% in the third quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock worth $232,000 after purchasing an additional 35,685 shares during the last quarter. Finally, Levin Capital Strategies L.P. lifted its holdings in shares of Acacia Research by 76.2% in the fourth quarter. Levin Capital Strategies L.P. now owns 183,996 shares of the business services provider’s stock valued at $799,000 after purchasing an additional 79,545 shares in the last quarter. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered Acacia Research from a “hold” rating to a “sell” rating in a research report on Saturday, March 22nd.

Acacia Research Stock Performance

Shares of ACTG stock opened at $3.76 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 16.39 and a quick ratio of 15.95. The firm has a 50-day moving average of $3.29 and a 200-day moving average of $4.02. Acacia Research Co. has a one year low of $2.70 and a one year high of $5.74. The company has a market cap of $361.28 million, a P/E ratio of 7.09 and a beta of 0.57.

Acacia Research (NASDAQ:ACTG) last posted its earnings results on Thursday, May 8th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.38. Acacia Research had a net margin of 31.44% and a return on equity of 10.35%.

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.