238,011 Shares in Acacia Research Co. (NASDAQ:ACTG) Purchased by Peapod Lane Capital LLC

Peapod Lane Capital LLC purchased a new stake in Acacia Research Co. (NASDAQ:ACTG) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 238,011 shares of the business services provider’s stock, valued at approximately $1,033,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp raised its holdings in shares of Acacia Research by 9.2% in the 3rd 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. Krilogy Financial LLC increased its holdings in shares of Acacia Research by 7.2% in the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock valued at $4,505,000 after buying an additional 69,400 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Acacia Research by 8.7% during the 3rd quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock valued at $1,834,000 after acquiring an additional 31,352 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Acacia Research by 113.0% during the 4th quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock valued at $708,000 after acquiring an additional 86,531 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Acacia Research by 141.7% during the 3rd quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock worth $358,000 after acquiring an additional 45,031 shares in the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Acacia Research

In related news, Director Isaac T. Kohlberg sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were 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 directly owns 69,274 shares in the company, valued at approximately $316,582.18. This trade represents a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.65% of the company’s stock.

Acacia Research Stock Down 0.7 %

ACTG stock opened at $4.22 on Thursday. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $4.56. Acacia Research Co. has a 52-week low of $3.92 and a 52-week high of $5.74. 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 market capitalization of $410.90 million, a P/E ratio of 7.96 and a beta of 0.51.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Acacia Research from a “hold” rating to a “sell” rating in a research note 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.