Rhumbline Advisers Has $257,000 Holdings in Acacia Research Corporation (ACTG)

Rhumbline Advisers cut its holdings in shares of Acacia Research Corporation (NASDAQ:ACTG) by 1.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,741 shares of the business services provider’s stock after selling 1,151 shares during the quarter. Rhumbline Advisers owned approximately 0.12% of Acacia Research Corporation worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of ACTG. Renaissance Technologies LLC lifted its position in Acacia Research Corporation by 3.1% during the 1st quarter. Renaissance Technologies LLC now owns 3,505,600 shares of the business services provider’s stock worth $20,157,000 after buying an additional 103,800 shares in the last quarter. CWM LLC lifted its position in Acacia Research Corporation by 5.5% during the 2nd quarter. CWM LLC now owns 1,847,096 shares of the business services provider’s stock worth $7,573,000 after buying an additional 95,957 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Acacia Research Corporation by 8.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 900,517 shares of the business services provider’s stock worth $5,178,000 after buying an additional 68,880 shares in the last quarter. AXA bought a new stake in Acacia Research Corporation during the 1st quarter worth about $186,000. Finally, TIAA CREF Investment Management LLC lifted its position in Acacia Research Corporation by 13.7% during the 1st quarter. TIAA CREF Investment Management LLC now owns 261,367 shares of the business services provider’s stock worth $1,503,000 after buying an additional 31,496 shares in the last quarter. 70.91% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director G Louis Graziadio III purchased 22,094 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were bought at an average cost of $3.13 per share, with a total value of $69,154.22. Following the completion of the transaction, the director now directly owns 502,995 shares of the company’s stock, valued at $1,574,374.35. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank E. Walsh III purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were purchased at an average cost of $3.98 per share, for a total transaction of $99,500.00. Following the completion of the transaction, the director now directly owns 383,961 shares of the company’s stock, valued at $1,528,164.78. The disclosure for this purchase can be found here. Insiders acquired 147,250 shares of company stock worth $520,303 over the last ninety days. Insiders own 2.81% of the company’s stock.

Acacia Research Corporation (NASDAQ:ACTG) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.25). Acacia Research Corporation had a negative net margin of 25.64% and a negative return on equity of 1.06%. The business had revenue of $16.46 million during the quarter, compared to the consensus estimate of $5.00 million. During the same period last year, the business posted $0.23 earnings per share. The firm’s quarterly revenue was down 60.2% on a year-over-year basis.

Several equities research analysts have commented on ACTG shares. Zacks Investment Research cut shares of Acacia Research Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. ValuEngine cut shares of Acacia Research Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, Northland Securities set a $8.00 price target on shares of Acacia Research Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th.

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About Acacia Research Corporation

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.

Institutional Ownership by Quarter for Acacia Research Corporation (NASDAQ:ACTG)

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