Acacia Research Corp. (NASDAQ:ACTG)’s share price was up 3.2% on Friday . The stock traded as high as $4.78 and last traded at $4.77, with a volume of 118,919 shares changing hands. The stock had previously closed at $4.62.

Several equities analysts have weighed in on ACTG shares. Zacks Investment Research cut Acacia Research Corp. from a “buy” rating to a “sell” rating in a report on Wednesday, April 27th. Northland Securities upgraded Acacia Research Corp. from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $5.20 to $7.00 in a research note on Monday, May 23rd.

The firm’s market cap 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, Director Frank E. Walsh III acquired 35,000 shares of Acacia Research Corp. stock in a transaction on Monday, April 25th. The stock was acquired at an average cost of $4.13 per share, with a total value of $144,550.00. Following the completion of the acquisition, the director now owns 35,000 shares in the company, valued at $144,550. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank E. Walsh III acquired 40,000 shares of Acacia Research Corp. stock in a transaction on Thursday, June 9th. The shares were purchased at an average cost of $5.00 per share, with a total value of $200,000.00. Following the completion of the acquisition, the director now owns 200,000 shares of the company’s stock, valued at approximately $1,000,000. 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 shares of Acacia Research Corp. (NASDAQ:ACTG) by 16.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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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