Royce & Associates LP Has $5.10 Million Stock Position in Acacia Research Co. (NASDAQ:ACTG)

Royce & Associates LP grew its position in Acacia Research Co. (NASDAQ:ACTG) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,174,641 shares of the business services provider’s stock after purchasing an additional 56,726 shares during the period. Royce & Associates LP’s holdings in Acacia Research were worth $5,098,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ACTG. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Acacia Research in the third quarter worth approximately $117,000. Atom Investors LP purchased a new stake in shares of Acacia Research in the third quarter worth approximately $56,000. State Street Corp lifted its position in shares of Acacia Research by 9.2% in 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. Jane Street Group LLC lifted its position in shares of Acacia Research by 141.7% in the third quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock worth $358,000 after purchasing an additional 45,031 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in shares of Acacia Research by 7.4% in the third quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock worth $174,000 after purchasing an additional 2,565 shares in the last quarter. 86.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Acacia Research from a “hold” rating to a “sell” rating in a research report on Thursday, March 13th.

Acacia Research Price Performance

Shares of ACTG opened at $3.48 on Thursday. The firm has a market cap of $338.84 million, a PE ratio of 6.57 and a beta of 0.49. The firm’s 50 day moving average price is $4.20 and its 200 day moving average price is $4.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 15.95 and a current ratio of 16.39. Acacia Research Co. has a twelve month low of $3.38 and a twelve month high of $5.74.

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.