Shares of Acacia Research Corp. (NASDAQ:ACTG) traded up 3.2% during trading on Friday . The stock traded as high as $4.78 and last traded at $4.77, with a volume of 118,919 shares traded. The stock had previously closed at $4.62.

Several analysts have recently commented on the stock. Northland Securities raised shares of Acacia Research Corp. from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $5.20 to $7.00 in a research report on Monday, May 23rd. Zacks Investment Research raised shares of Acacia Research Corp. from a “sell” rating to a “hold” rating in a research report on Monday, June 13th.

The firm’s market capitalization is $241.40 million. The stock’s 50 day moving average is $4.65 and its 200-day moving average is $4.19.

In other news, CEO Marvin E. Key bought 55,000 shares of the business’s stock in a transaction on Monday, April 25th. The stock was acquired at an average price of $4.15 per share, with a total value of $228,250.00. Following the completion of the purchase, the chief executive officer now directly owns 190,833 shares in the company, valued at $791,956.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frank E. Walsh III bought 35,000 shares of the business’s stock in a transaction on Monday, April 25th. The stock was purchased at an average cost of $4.13 per share, with a total value of $144,550.00. Following the purchase, the director now owns 35,000 shares of the company’s stock, valued at $144,550. The disclosure for this purchase can be found here.

An institutional investor recently raised its position in Acacia Research Corp. stock. Dimensional Fund Advisors LP boosted its stake in Acacia Research Corp. (NASDAQ:ACTG) by 16.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 731,898 shares of the company’s stock after buying an additional 105,977 shares during the period. Dimensional Fund Advisors LP owned approximately 1.44% of Acacia Research Corp. worth $3,140,000 at the end of the most recent reporting period.

Acacia Research Corporation, through its subsidiaries, is engaged in patent investment, prosecution, licensing and enforcement activities. The Company’s subsidiaries partner with inventors and patent owners for patented inventions. The Company operates in patent licensing and enforcement business segment.

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