B. Riley Financial Inc. bought a new stake in shares of Acacia Research Corporation (NASDAQ:ACTG) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 313,800 shares of the business services provider’s stock, valued at approximately $1,428,000. B. Riley Financial Inc. owned 0.62% of Acacia Research at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NJ State Employees Deferred Compensation Plan bought a new stake in Acacia Research during the third quarter valued at approximately $205,000. Renaissance Technologies LLC grew its position in Acacia Research by 1.9% during the second quarter. Renaissance Technologies LLC now owns 3,573,800 shares of the business services provider’s stock valued at $14,653,000 after buying an additional 68,200 shares during the period. Mycio Wealth Partners LLC bought a new stake in Acacia Research during the third quarter valued at approximately $478,000. TIAA CREF Investment Management LLC grew its position in Acacia Research by 19.8% during the second quarter. TIAA CREF Investment Management LLC now owns 313,234 shares of the business services provider’s stock valued at $1,284,000 after buying an additional 51,867 shares during the period. Finally, Heartland Advisors Inc. grew its position in Acacia Research by 2.6% during the third quarter. Heartland Advisors Inc. now owns 4,850,375 shares of the business services provider’s stock valued at $22,069,000 after buying an additional 122,471 shares during the period. Institutional investors own 67.12% of the company’s stock.

Acacia Research Corporation (NASDAQ:ACTG) opened at $4.25 on Tuesday. The firm has a market cap of $215.07, a P/E ratio of 1.44 and a beta of 1.20. Acacia Research Corporation has a 12-month low of $2.90 and a 12-month high of $7.68.

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 stock was purchased 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 owns 383,961 shares in the company, valued at $1,528,164.78. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director G Louis Graziadio III bought 22,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The shares were bought at an average price of $3.95 per share, with a total value of $89,270.00. Following the transaction, the director now owns 545,951 shares of the company’s stock, valued at approximately $2,156,506.45. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 57,100 shares of company stock valued at $226,750. Company insiders own 7.67% of the company’s stock.

ACTG has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Acacia Research from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research lowered shares of Acacia Research from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Barclays reiterated a “sell” rating and issued a $5.00 price target on shares of Acacia Research in a research report on Tuesday, October 31st. Finally, TheStreet upgraded shares of Acacia Research from a “d” rating to a “c-” rating in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.50.

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Acacia Research 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.

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

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