TIAA CREF Investment Management LLC raised its stake in shares of Acacia Research Corporation (NASDAQ:ACTG) by 13.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,367 shares of the business services provider’s stock after buying an additional 31,496 shares during the period. TIAA CREF Investment Management LLC’s holdings in Acacia Research Corporation were worth $1,503,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC raised its position in shares of Acacia Research Corporation by 0.3% in the fourth quarter. FMR LLC now owns 143,800 shares of the business services provider’s stock valued at $935,000 after buying an additional 400 shares during the last quarter. American International Group Inc. raised its position in shares of Acacia Research Corporation by 7.1% in the first quarter. American International Group Inc. now owns 30,748 shares of the business services provider’s stock valued at $177,000 after buying an additional 2,028 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Acacia Research Corporation by 3.4% in the first quarter. Nationwide Fund Advisors now owns 168,024 shares of the business services provider’s stock valued at $966,000 after buying an additional 5,483 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Acacia Research Corporation by 3.8% in the first quarter. Bank of New York Mellon Corp now owns 239,104 shares of the business services provider’s stock valued at $1,375,000 after buying an additional 8,773 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Acacia Research Corporation by 42.0% in the first quarter. Wells Fargo & Company MN now owns 49,812 shares of the business services provider’s stock valued at $286,000 after buying an additional 14,739 shares during the last quarter. 75.90% of the stock is currently owned by institutional investors.

Shares of Acacia Research Corporation (NASDAQ ACTG) traded down 1.64% during trading on Friday, reaching $3.00. 236,457 shares of the company traded hands. The firm’s 50 day moving average price is $3.83 and its 200-day moving average price is $4.82. Acacia Research Corporation has a 52 week low of $2.92 and a 52 week high of $7.68. The company’s market capitalization is $151.79 million.

Acacia Research Corporation (NASDAQ:ACTG) last released its earnings results on Thursday, July 27th. The business services provider reported ($0.17) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.08 by $0.25. The business had revenue of $16.46 million for the quarter, compared to analyst estimates of $5 million. Acacia Research Corporation had a negative return on equity of 1.06% and a negative net margin of 25.64%. Acacia Research Corporation’s quarterly revenue was down 60.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. Equities analysts anticipate that Acacia Research Corporation will post $0.02 EPS for the current fiscal year.

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Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Acacia Research Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Barclays PLC reissued a “sell” rating and set a $5.00 price objective on shares of Acacia Research Corporation in a report on Sunday, May 7th. ValuEngine lowered shares of Acacia Research Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Northland Securities set a $8.00 price objective on shares of Acacia Research Corporation and gave the company a “buy” rating in a report on Monday, July 10th.

About Acacia Research Corporation

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.

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Institutional Ownership by Quarter for Acacia Research Corporation (NASDAQ:ACTG)

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