Jason W. Soncini Buys 5,000 Shares of Acacia Research Co. (NASDAQ:ACTG) Stock

Acacia Research Co. (NASDAQ:ACTG) General Counsel Jason W. Soncini acquired 5,000 shares of the stock in a transaction dated Friday, May 17th. The stock was acquired at an average cost of $5.36 per share, with a total value of $26,800.00. Following the completion of the transaction, the general counsel now owns 226,661 shares in the company, valued at approximately $1,214,902.96. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Acacia Research Price Performance

Shares of NASDAQ ACTG opened at $5.68 on Wednesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 21.02 and a current ratio of 21.40. The firm’s 50-day simple moving average is $5.08 and its 200 day simple moving average is $4.31. The stock has a market cap of $568.11 million, a price-to-earnings ratio of 15.78 and a beta of 0.50. Acacia Research Co. has a fifty-two week low of $3.43 and a fifty-two week high of $5.73.

Acacia Research (NASDAQ:ACTG) last announced its earnings results on Thursday, May 9th. The business services provider reported $0.06 earnings per share (EPS) for the quarter. The company had revenue of $24.32 million for the quarter. Acacia Research had a return on equity of 13.02% and a net margin of 40.89%.

Analyst Ratings Changes

Several equities research analysts recently commented on ACTG shares. StockNews.com raised Acacia Research from a “sell” rating to a “hold” rating in a research note on Monday, March 18th. Craig Hallum raised their price objective on shares of Acacia Research from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Friday, March 15th.

Institutional Trading of Acacia Research

Several institutional investors have recently made changes to their positions in ACTG. Victory Capital Management Inc. bought a new position in shares of Acacia Research during the third quarter valued at about $39,000. Jump Financial LLC bought a new position in shares of Acacia Research during the 3rd quarter worth approximately $41,000. Corsair Capital Management L.P. purchased a new position in shares of Acacia Research in the 4th quarter worth approximately $59,000. SG Americas Securities LLC bought a new position in shares of Acacia Research in the third quarter valued at approximately $60,000. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Acacia Research during the first quarter valued at approximately $136,000. Institutional investors own 86.69% of the company’s stock.

Acacia Research Company Profile

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.