Media coverage about Acacia Research (NASDAQ:ACTG) has been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Acacia Research earned a daily sentiment score of 0.05 on Accern’s scale. Accern also gave headlines about the business services provider an impact score of 46.5226830643768 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

Separately, Zacks Investment Research raised shares of Acacia Research from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd.

ACTG traded down $0.05 during trading on Tuesday, hitting $3.45. 1,710 shares of the company traded hands, compared to its average volume of 147,059. The stock has a market capitalization of $173.23 million, a price-to-earnings ratio of 1.16 and a beta of 0.94. Acacia Research has a 1 year low of $3.25 and a 1 year high of $5.50.

Acacia Research (NASDAQ:ACTG) last posted its earnings results on Wednesday, August 8th. The business services provider reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.02). The company had revenue of $6.49 million for the quarter, compared to analysts’ expectations of $5.00 million. Acacia Research had a negative net margin of 11.23% and a positive return on equity of 46.49%. The business’s revenue was down 60.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.14) earnings per share.

In other Acacia Research news, President Robert B. Stewart, Jr. sold 46,143 shares of Acacia Research stock in a transaction on Friday, September 7th. The shares were sold at an average price of $3.61, for a total value of $166,576.23. Following the completion of the transaction, the president now directly owns 52,500 shares of the company’s stock, valued at approximately $189,525. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marc W. Booth acquired 10,000 shares of the company’s stock in a transaction on Friday, August 17th. The stock was acquired at an average cost of $3.90 per share, with a total value of $39,000.00. Following the completion of the purchase, the insider now directly owns 10,000 shares in the company, valued at $39,000. The disclosure for this purchase can be found here. Company insiders own 11.04% of the company’s stock.

Acacia Research Company Profile

Acacia Research Corporation, together with its subsidiaries, invests in, licenses, and enforces patented technologies. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.

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

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