Acacia Research Corp (NASDAQ:ACTG) Director G Louis Graziadio III bought 3,000 shares of Acacia Research stock in a transaction dated Tuesday, February 20th. The shares were acquired at an average cost of $3.45 per share, for a total transaction of $10,350.00. Following the completion of the purchase, the director now directly owns 588,151 shares of the company’s stock, valued at approximately $2,029,120.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
G Louis Graziadio III also recently made the following trade(s):
- On Thursday, February 15th, G Louis Graziadio III purchased 30,000 shares of Acacia Research stock. The shares were purchased at an average price of $3.61 per share, for a total transaction of $108,300.00.
Acacia Research Corp (ACTG) traded down $0.05 during midday trading on Thursday, hitting $3.50. The company had a trading volume of 412,454 shares, compared to its average volume of 251,867. Acacia Research Corp has a one year low of $2.90 and a one year high of $6.30. The company has a market capitalization of $177.12, a price-to-earnings ratio of 1.46 and a beta of 1.11.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NJ State Employees Deferred Compensation Plan bought a new stake in shares of Acacia Research during the third quarter valued at approximately $205,000. State Street Corp boosted its position in shares of Acacia Research by 4.7% during the second quarter. State Street Corp now owns 902,295 shares of the business services provider’s stock valued at $3,701,000 after purchasing an additional 40,245 shares in the last quarter. B. Riley Financial Inc. bought a new stake in shares of Acacia Research during the third quarter valued at approximately $1,428,000. Northern Trust Corp boosted its position in shares of Acacia Research by 4.1% during the second quarter. Northern Trust Corp now owns 635,731 shares of the business services provider’s stock valued at $2,607,000 after purchasing an additional 24,965 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in shares of Acacia Research by 17.9% during the third quarter. GSA Capital Partners LLP now owns 222,800 shares of the business services provider’s stock valued at $1,014,000 after purchasing an additional 33,800 shares in the last quarter. Institutional investors own 65.82% of the company’s stock.
Several equities research analysts recently weighed in on the company. ValuEngine upgraded Acacia Research from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered Acacia Research from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. TheStreet upgraded Acacia Research from a “d” rating to a “c-” rating in a research report on Thursday, October 26th. Finally, Barclays restated a “sell” rating and set a $5.00 price target on shares of Acacia Research in a research report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Acacia Research has an average rating of “Hold” and an average target price of $6.50.
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About Acacia Research
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.
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