Acacia Research (NASDAQ:ACTG) Stock Price Crosses Above 200 Day Moving Average of $3.92

Shares of Acacia Research Co. (NASDAQ:ACTGGet Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.92 and traded as high as $5.35. Acacia Research shares last traded at $5.31, with a volume of 211,593 shares trading hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com raised Acacia Research from a “sell” rating to a “hold” rating in a report on Monday, March 18th. TheStreet raised Acacia Research from a “d+” rating to a “c-” rating in a report on Monday, December 4th. Finally, Craig Hallum raised their price target on Acacia Research from $6.00 to $7.00 and gave the company a “buy” rating in a report on Friday, March 15th.

Check Out Our Latest Stock Report on ACTG

Acacia Research Stock Performance

The company has a market capitalization of $530.42 million, a price-to-earnings ratio of 18.31 and a beta of 0.46. The company has a quick ratio of 19.67, a current ratio of 20.07 and a debt-to-equity ratio of 0.02. The stock has a fifty day moving average price of $4.32 and a two-hundred day moving average price of $3.92.

Institutional Investors Weigh In On Acacia Research

A number of institutional investors have recently added to or reduced their stakes in ACTG. Levin Capital Strategies L.P. boosted its position in shares of Acacia Research by 634.2% in the third quarter. Levin Capital Strategies L.P. now owns 367,119 shares of the business services provider’s stock worth $1,340,000 after buying an additional 317,119 shares during the period. Toroso Investments LLC grew its stake in shares of Acacia Research by 8.5% in the third quarter. Toroso Investments LLC now owns 554,362 shares of the business services provider’s stock valued at $2,023,000 after buying an additional 43,361 shares in the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Acacia Research in the third quarter valued at about $39,000. Roumell Asset Management LLC grew its stake in shares of Acacia Research by 22.2% in the third quarter. Roumell Asset Management LLC now owns 727,463 shares of the business services provider’s stock valued at $2,655,000 after buying an additional 132,112 shares in the last quarter. Finally, Formidable Asset Management LLC grew its stake in shares of Acacia Research by 1.6% in the third quarter. Formidable Asset Management LLC now owns 1,755,935 shares of the business services provider’s stock valued at $6,409,000 after buying an additional 27,078 shares in the last quarter. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About Acacia Research

(Get Free Report)

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations.

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