Acacia Research Corporation (NASDAQ:ACTG) Director G Louis Graziadio III bought 22,600 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was acquired at an average price of $3.95 per share, for a total transaction of $89,270.00. Following the transaction, the director now owns 545,951 shares in the company, valued at $2,156,506.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

G Louis Graziadio III also recently made the following trade(s):

  • On Friday, September 1st, G Louis Graziadio III bought 8,200 shares of Acacia Research Corporation stock. The stock was acquired at an average price of $3.40 per share, for a total transaction of $27,880.00.
  • On Tuesday, August 29th, G Louis Graziadio III bought 19,000 shares of Acacia Research Corporation stock. The stock was acquired at an average price of $3.35 per share, for a total transaction of $63,650.00.
  • On Monday, August 28th, G Louis Graziadio III bought 2,556 shares of Acacia Research Corporation stock. The stock was acquired at an average price of $3.20 per share, for a total transaction of $8,179.20.
  • On Friday, August 25th, G Louis Graziadio III acquired 2,500 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.30 per share, for a total transaction of $8,250.00.
  • On Thursday, August 24th, G Louis Graziadio III acquired 800 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.30 per share, for a total transaction of $2,640.00.
  • On Wednesday, August 23rd, G Louis Graziadio III acquired 22,094 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.13 per share, for a total transaction of $69,154.22.
  • On Tuesday, August 22nd, G Louis Graziadio III acquired 10,000 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.08 per share, for a total transaction of $30,800.00.

Acacia Research Corporation (NASDAQ ACTG) traded up 5.19% during trading on Thursday, hitting $4.05. 774,005 shares of the company’s stock were exchanged. The company’s market cap is $204.92 million. The firm has a 50 day moving average price of $3.36 and a 200 day moving average price of $4.41. Acacia Research Corporation has a 52-week low of $2.90 and a 52-week high of $7.68.

Acacia Research Corporation (NASDAQ:ACTG) last announced its earnings results on Thursday, July 27th. The business services provider reported ($0.17) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.25). Acacia Research Corporation had a negative net margin of 25.64% and a negative return on equity of 1.06%. The firm had revenue of $16.46 million during the quarter, compared to analysts’ expectations of $5.00 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s revenue was down 60.2% compared to the same quarter last year. On average, equities research analysts predict that Acacia Research Corporation will post $0.02 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company raised its stake in shares of Acacia Research Corporation by 11.0% in the second quarter. The Manufacturers Life Insurance Company now owns 45,910 shares of the business services provider’s stock valued at $188,000 after acquiring an additional 4,553 shares during the period. State Street Corp raised its stake in shares of Acacia Research Corporation by 4.7% in the second quarter. State Street Corp now owns 902,295 shares of the business services provider’s stock valued at $3,701,000 after acquiring an additional 40,245 shares during the period. Sii Investments Inc. WI raised its stake in shares of Acacia Research Corporation by 113.9% in the second quarter. Sii Investments Inc. WI now owns 36,740 shares of the business services provider’s stock valued at $152,000 after acquiring an additional 19,560 shares during the period. Osmium Partners LLC purchased a new stake in shares of Acacia Research Corporation in the second quarter valued at $764,000. Finally, Voya Investment Management LLC raised its stake in shares of Acacia Research Corporation by 22.0% in the second quarter. Voya Investment Management LLC now owns 29,044 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 5,231 shares during the period. 70.91% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have issued reports on ACTG shares. Zacks Investment Research upgraded shares of Acacia Research Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Northland Securities set a $8.00 price objective on shares of Acacia Research Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, ValuEngine cut shares of Acacia Research Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.

Acacia Research Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Acacia Research Corporation (NASDAQ:ACTG)

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