Acacia Research Corp. (NASDAQ:ACTG)’s share price traded down 4.1% on Thursday . The stock traded as low as $5.50 and last traded at $5.66, with a volume of 225,534 shares trading hands. The stock had previously closed at $5.90.

Several equities analysts have weighed in on the company. Zacks Investment Research upgraded Acacia Research Corp. from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Barclays PLC raised their price target on Acacia Research Corp. from $4.00 to $6.00 and gave the company an “underweight” rating in a report on Friday, July 29th. Finally, Northland Securities upgraded Acacia Research Corp. from a “market perform” rating to an “outperform” rating and raised their price target for the company from $5.20 to $7.00 in a report on Monday, May 23rd.

The company has a 50-day moving average price of $4.71 and a 200 day moving average price of $4.28. The company’s market capitalization is $282.58 million.

Acacia Research Corp. (NASDAQ:ACTG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.20. The company earned $41.40 million during the quarter, compared to analyst estimates of $23.33 million. During the same period last year, the firm earned $0.25 EPS. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts forecast that Acacia Research Corp. will post $0.47 earnings per share for the current year.

In related news, Director Frank E. Walsh III acquired 40,000 shares of the firm’s stock in a transaction dated Thursday, June 9th. The stock was acquired at an average price of $5.00 per share, with a total value of $200,000.00. Following the acquisition, the director now directly owns 200,000 shares in the company, valued at approximately $1,000,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director G Louis Graziadio III acquired 7,301 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The stock was bought at an average cost of $4.59 per share, with a total value of $33,511.59. The disclosure for this purchase can be found here.

A hedge fund recently raised its stake in Acacia Research Corp. stock. Dimensional Fund Advisors LP raised its position in Acacia Research Corp. (NASDAQ:ACTG) by 16.9% during the fourth quarter, according to its most recent disclosure with the 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 quarter.

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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