Oppenheimer & Co. Inc. continued to hold its stake in shares of Acacia Research Corporation (NASDAQ:ACTG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the business services provider’s stock at the end of the second quarter. Oppenheimer & Co. Inc.’s holdings in Acacia Research Corporation were worth $103,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Schroder Investment Management Group acquired a new position in Acacia Research Corporation in the 1st quarter worth about $101,000. Globeflex Capital L P increased its position in Acacia Research Corporation by 17,904.8% in the 1st quarter. Globeflex Capital L P now owns 18,905 shares of the business services provider’s stock worth $109,000 after purchasing an additional 18,800 shares during the last quarter. KCG Holdings Inc. increased its position in Acacia Research Corporation by 51.7% in the 1st quarter. KCG Holdings Inc. now owns 21,822 shares of the business services provider’s stock worth $125,000 after purchasing an additional 7,440 shares during the last quarter. Trexquant Investment LP acquired a new position in Acacia Research Corporation in the 1st quarter worth about $132,000. Finally, American International Group Inc. increased its position in Acacia Research Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 30,748 shares of the business services provider’s stock worth $177,000 after purchasing an additional 2,028 shares during the last quarter. 70.91% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the company. Northland Securities set a $8.00 target price on Acacia Research Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research raised Acacia Research Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine lowered Acacia Research Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.

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In related news, Director Frank E. Walsh III bought 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The shares were acquired at an average price of $3.98 per share, for a total transaction of $99,500.00. Following the completion of the acquisition, the director now owns 383,961 shares of the company’s stock, valued at approximately $1,528,164.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director G Louis Graziadio III bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The shares were bought at an average price of $3.08 per share, for a total transaction of $30,800.00. Following the acquisition, the director now directly owns 486,701 shares of the company’s stock, valued at approximately $1,499,039.08. The disclosure for this purchase can be found here. Insiders have purchased 147,250 shares of company stock worth $520,303 in the last quarter. 2.81% of the stock is currently owned by corporate insiders.

Acacia Research Corporation (NASDAQ:ACTG) opened at 4.95 on Friday. The stock’s 50 day moving average price is $3.40 and its 200-day moving average price is $4.35. The firm’s market cap is $250.46 million. Acacia Research Corporation has a one year low of $2.90 and a one year high of $7.68.

Acacia Research Corporation (NASDAQ:ACTG) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.25). The firm had revenue of $16.46 million during the quarter, compared to the consensus estimate of $5.00 million. Acacia Research Corporation had a negative net margin of 25.64% and a negative return on equity of 1.06%. The business’s revenue for the quarter was down 60.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 earnings per share. Analysts forecast that Acacia Research Corporation will post $0.02 earnings per share for the current year.

Acacia Research Corporation 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.

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

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