2 weeks Ago By ABMN Staff
Acacia Research Co. ( NASDAQ:ACTG – Get Free Report ) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totalling 910,600 shares, a growth of 15.
8% from the August 31st total of 786,200 shares. Based on an average daily volume of 318,000 shares, the short-interest ratio is currently 2.9 days.
Institutional Investors Weigh In On Acacia Research A number of hedge funds and other institutional investors have recently modified their holdings of ACTG. Vanguard Group Inc. grew its position in Acacia Research by 0.
6% during the 1st quarter. Vanguard Group Inc. now owns 2,247,635 shares of the business services provider’s stock worth $11,980,000 after acquiring an additional 13,692 shares during the last quarter.
Dimensional Fund Advisors LP grew its holdings in shares of Acacia Research by 15.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,772,295 shares of the business services provider’s stock worth $8,878,000 after purchasing an additional 233,759 shares during the last quarter.
Renaissance Technologies LLC increased its stake in shares of Acacia Research by 0.4% in the second quarter. Renaissance Technologies LLC now owns 1,510,243 shares of the business services provider’s stock worth $7,566,000 after buying an additional 6,143 shares during the period.
Krilogy Financial LLC raised its holdings in Acacia Research by 73.0% during the 2nd quarter. Krilogy Financial LLC now owns 813,000 shares of the business services provider’s stock valued at $4,073,000 after buying an additional 343,000 shares during the last quarter.
Finally, Acuitas Investments LLC boosted its position in Acacia Research by 0.5% during the 2nd quarter. Acuitas Investments LLC now owns 497,916 shares of the business services provider’s stock valued at $2,495,000 after buying an additional 2,699 shares during the period.
Institutional investors own 86.69% of the company’s stock. Wall Street Analysts Forecast Growth Separately, StockNews.
com cut Acacia Research from a “buy” rating to a “hold” rating in a report on Monday, August 12th. Acacia Research Trading Down 0.6 % ACTG stock opened at $4.
73 on Friday. The company has a market capitalization of $473.10 million, a PE ratio of 13.
14 and a beta of 0.52. The company has a debt-to-equity ratio of 0.
14, a quick ratio of 10.90 and a current ratio of 11.17.
Acacia Research has a one year low of $3.43 and a one year high of $5.74.
The company’s 50 day moving average price is $4.84 and its two-hundred day moving average price is $5.06.
Acacia Research ( NASDAQ:ACTG – Get Free Report ) last issued its earnings results on Thursday, August 8th. The business services provider reported ($0.02) EPS for the quarter.
Acacia Research had a return on equity of 12.00% and a net margin of 44.42%.
The business had revenue of $25.84 million during the quarter. About Acacia Research ( Get Free Report ) Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value.
Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon. Featured Stories Receive News & Ratings for Acacia Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Research and related companies with MarketBeat.com's FREE daily email newsletter .
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