Acacia Research Corp. (ACTG) Shares Bought by Dynamic Technology Lab Private Ltd
Dynamic Technology Lab Private Ltd increased its stake in shares of Acacia Research Corp. (NASDAQ:ACTG) by 81.8% during the second quarter, Holdings Channel reports. The institutional investor owned 59,484 shares of the company’s stock after buying an additional 26,762 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.12% of Acacia Research Corp. worth $262,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of ACTG. Alambic Investment Management L.P. boosted its stake in shares of Acacia Research Corp. by 114.2% in the second quarter. Alambic Investment Management L.P. now owns 233,925 shares of the company’s stock worth $1,029,000 after buying an additional 124,728 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Acacia Research Corp. during the second quarter worth about $2,714,000. Heartland Advisors Inc. boosted its stake in shares of Acacia Research Corp. by 2.3% in the second quarter. Heartland Advisors Inc. now owns 5,888,030 shares of the company’s stock worth $25,907,000 after buying an additional 131,900 shares in the last quarter. Emerald Acquisition Ltd. acquired a new stake in shares of Acacia Research Corp. during the second quarter worth about $5,257,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Acacia Research Corp. by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 206,666 shares of the company’s stock worth $909,000 after buying an additional 6,628 shares in the last quarter. Institutional investors and hedge funds own 72.10% of the company’s stock.
Acacia Research Corp. (NASDAQ:ACTG) opened at 6.52 on Friday. Acacia Research Corp. has a 52-week low of $2.82 and a 52-week high of $9.97. The firm’s 50-day moving average is $6.35 and its 200-day moving average is $5.06. The firm’s market cap is $328.50 million.
Acacia Research Corp. (NASDAQ:ACTG) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.20. Acacia Research Corp. had a negative net margin of 166.23% and a negative return on equity of 0.12%. The business had revenue of $41.40 million for the quarter, compared to analyst estimates of $23.33 million. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the business posted $0.25 earnings per share. Analysts forecast that Acacia Research Corp. will post $0.47 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Acacia Research Corp. from a “hold” rating to a “strong-buy” rating and set a $6.75 price objective for the company in a report on Tuesday, August 2nd. Barclays PLC upped their price objective on shares of Acacia Research Corp. from $4.00 to $6.00 and gave the stock an “underweight” rating in a report on Friday, July 29th.
In other Acacia Research Corp. news, Director G Louis Graziadio III bought 8,729 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The stock was acquired at an average price of $5.97 per share, with a total value of $52,112.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.81% of the stock is currently owned by corporate insiders.
About Acacia Research Corp.
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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