Maven Securities LTD Buys Shares of 20,000 Acacia Research Co. (NASDAQ:ACTG)

Maven Securities LTD purchased a new position in shares of Acacia Research Co. (NASDAQ:ACTG – Get Rating) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 20,000 shares of the business services provider’s stock, valued at approximately $81,000.

A number of other institutional investors and hedge funds have also modified their holdings of ACTG. Vanguard Group Inc. grew its holdings in Acacia Research by 8.7% during the 1st quarter. Vanguard Group Inc. now owns 2,536,626 shares of the business services provider’s stock worth $11,440,000 after acquiring an additional 203,300 shares during the period. Invesco Ltd. increased its holdings in Acacia Research by 1.8% in the first quarter. Invesco Ltd. now owns 2,637,106 shares of the business services provider’s stock valued at $11,894,000 after purchasing an additional 45,697 shares during the last quarter. Toroso Investments LLC lifted its stake in Acacia Research by 39.3% in the first quarter. Toroso Investments LLC now owns 385,979 shares of the business services provider’s stock valued at $1,741,000 after buying an additional 108,974 shares during the period. Walleye Capital LLC bought a new position in Acacia Research during the second quarter worth about $73,000. Finally, FMR LLC grew its position in shares of Acacia Research by 6.0% during the 2nd quarter. FMR LLC now owns 65,503 shares of the business services provider’s stock worth $330,000 after buying an additional 3,704 shares during the period. 64.35% of the stock is owned by institutional investors.

Acacia Research Stock Up 1.8 %

Shares of NASDAQ ACTG opened at $4.50 on Wednesday. Acacia Research Co. has a twelve month low of $3.35 and a twelve month high of $5.30. The company’s fifty day moving average is $4.28 and its 200-day moving average is $4.10. The stock has a market cap of $172.40 million, a price-to-earnings ratio of -1.76 and a beta of 0.43.

Analyst Upgrades and Downgrades

Separately, Craig Hallum cut their price target on shares of Acacia Research to $7.00 in a research report on Wednesday, November 16th.

Acacia Research Profile

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Acacia Research Corp. engages in the acquisition, development, and patents technologies through its subsidiaries. Its operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the enforcement against unauthorized users of their patented technologies.