Acacia Research Corp (NASDAQ:ACTG) Director Alfred Victor Jr. Tobia bought 5,346 shares of the firm’s stock in a transaction on Wednesday, November 21st. The stock was purchased at an average price of $3.01 per share, with a total value of $16,091.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Alfred Victor Jr. Tobia also recently made the following trade(s):

  • On Monday, December 3rd, Alfred Victor Jr. Tobia bought 10,000 shares of Acacia Research stock. The stock was purchased at an average price of $3.10 per share, with a total value of $31,000.00.
  • On Friday, November 30th, Alfred Victor Jr. Tobia bought 10,000 shares of Acacia Research stock. The stock was purchased at an average price of $3.13 per share, with a total value of $31,300.00.
  • On Monday, November 19th, Alfred Victor Jr. Tobia bought 20,000 shares of Acacia Research stock. The stock was purchased at an average price of $3.01 per share, with a total value of $60,200.00.

Shares of ACTG opened at $3.03 on Friday. Acacia Research Corp has a one year low of $2.85 and a one year high of $4.45. The stock has a market capitalization of $149.41 million, a price-to-earnings ratio of 1.02 and a beta of 1.01.

Acacia Research (NASDAQ:ACTG) last announced its earnings results on Thursday, October 25th. The business services provider reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.19. Acacia Research had a negative net margin of 237.71% and a negative return on equity of 21.97%. The company had revenue of $13.73 million during the quarter, compared to analysts’ expectations of $5.00 million.

Separately, ValuEngine cut shares of Acacia Research from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd.

Institutional investors and hedge funds have recently made changes to their positions in the business. Strs Ohio acquired a new position in shares of Acacia Research in the second quarter worth about $105,000. Macquarie Group Ltd. acquired a new stake in shares of Acacia Research during the second quarter worth approximately $655,000. PEAK6 Investments L.P. acquired a new stake in shares of Acacia Research during the second quarter worth approximately $111,000. Leisure Capital Management acquired a new stake in shares of Acacia Research during the third quarter worth approximately $104,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Acacia Research by 18.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 256,761 shares of the business services provider’s stock worth $1,066,000 after purchasing an additional 40,007 shares during the period. Institutional investors own 62.64% of the company’s stock.

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About Acacia Research

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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