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

A number of brokerages have recently commented on ACTG. Zacks Investment Research downgraded Acacia Research Corp. from a “buy” rating to a “sell” rating in a research report on Wednesday, April 27th. Barclays PLC boosted their price target on Acacia Research Corp. from $4.00 to $6.00 and gave the company an “underweight” rating in a research report on Friday, July 29th. Finally, Northland Securities raised Acacia Research Corp. from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $5.20 to $7.00 in a research report on Monday, May 23rd.

The company’s market cap is $292.09 million. The company has a 50-day moving average price of $4.77 and a 200 day moving average price of $4.30.

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

In other Acacia Research Corp. news, Director Frank E. Walsh III purchased 40,000 shares of the business’s stock in a transaction on Wednesday, May 18th. The shares were purchased at an average cost of $4.63 per share, with a total value of $185,200.00. Following the transaction, the director now directly owns 130,450 shares of the company’s stock, valued at approximately $603,983.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director G Louis Graziadio III purchased 7,301 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were acquired at an average cost of $4.59 per share, for a total transaction 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 stake in Acacia Research Corp. (NASDAQ:ACTG) by 16.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 731,898 shares of the company’s stock after buying an additional 105,977 shares during the period. Dimensional Fund Advisors LP owned about 1.44% of Acacia Research Corp. worth $3,140,000 as of its most recent filing with the SEC.

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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