Acacia Research Corporation (NASDAQ:ACTG) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also commented on ACTG. TheStreet upgraded Acacia Research Corporation from a “d” rating to a “c-” rating in a research report on Thursday, October 26th. Zacks Investment Research lowered Acacia Research Corporation from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 3rd. Finally, Northland Securities set a $8.00 price objective on Acacia Research Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. Acacia Research Corporation currently has a consensus rating of “Hold” and a consensus price target of $6.50.

Acacia Research Corporation (ACTG) opened at 4.50 on Tuesday. The firm’s market cap is $227.69 million. The firm’s 50-day moving average price is $4.30 and its 200-day moving average price is $4.12. Acacia Research Corporation has a 12 month low of $2.90 and a 12 month high of $7.68.

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In related news, Director G Louis Graziadio III purchased 22,094 shares of Acacia Research Corporation stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average cost of $3.13 per share, for a total transaction of $69,154.22. Following the transaction, the director now directly owns 502,995 shares of the company’s stock, valued at $1,574,374.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Frank E. Walsh III purchased 25,000 shares of Acacia Research Corporation stock in a transaction dated Friday, September 15th. The stock was bought at an average price of $3.98 per share, for a total transaction of $99,500.00. Following the completion of the transaction, the director now directly owns 383,961 shares in the company, valued at $1,528,164.78. The disclosure for this purchase can be found here. Insiders bought a total of 147,250 shares of company stock worth $520,303 over the last 90 days. 7.67% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Renaissance Technologies LLC boosted its position in shares of Acacia Research Corporation by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 3,573,800 shares of the business services provider’s stock worth $14,653,000 after purchasing an additional 68,200 shares during the last quarter. Osmium Partners LLC bought a new position in shares of Acacia Research Corporation in the 2nd quarter worth $764,000. Geode Capital Management LLC boosted its position in shares of Acacia Research Corporation by 5.6% in the 1st quarter. Geode Capital Management LLC now owns 379,856 shares of the business services provider’s stock worth $2,184,000 after purchasing an additional 20,257 shares during the last quarter. Mycio Wealth Partners LLC bought a new position in shares of Acacia Research Corporation in the 3rd quarter worth $478,000. Finally, Tudor Investment Corp ET AL boosted its position in shares of Acacia Research Corporation by 41.5% in the 1st quarter. Tudor Investment Corp ET AL now owns 96,104 shares of the business services provider’s stock worth $553,000 after purchasing an additional 28,164 shares during the last quarter. Institutional investors and hedge funds own 71.84% of the company’s stock.

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.

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