Insider Buying: Acacia Research Corporation (ACTG) Director Acquires $89,270.00 in Stock

Acacia Research Corporation (NASDAQ:ACTG) Director G Louis Graziadio III acquired 22,600 shares of Acacia Research Corporation stock in a transaction dated Wednesday, September 13th. The stock was purchased at an average price of $3.95 per share, with a total value of $89,270.00. Following the completion of the purchase, the director now directly owns 545,951 shares of the company’s stock, valued at approximately $2,156,506.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

G Louis Graziadio III also recently made the following trade(s):

  • On Friday, September 1st, G Louis Graziadio III acquired 8,200 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.40 per share, with a total value of $27,880.00.
  • On Tuesday, August 29th, G Louis Graziadio III acquired 19,000 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.35 per share, with a total value of $63,650.00.
  • On Monday, August 28th, G Louis Graziadio III acquired 2,556 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.20 per share, with a total value of $8,179.20.
  • On Friday, August 25th, G Louis Graziadio III acquired 2,500 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.30 per share, with a total value of $8,250.00.
  • On Thursday, August 24th, G Louis Graziadio III acquired 800 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.30 per share, with a total value of $2,640.00.
  • On Wednesday, August 23rd, G Louis Graziadio III acquired 22,094 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.13 per share, with a total value of $69,154.22.
  • On Tuesday, August 22nd, G Louis Graziadio III acquired 10,000 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.08 per share, with a total value of $30,800.00.

Acacia Research Corporation (ACTG) opened at 4.05 on Friday. Acacia Research Corporation has a 1-year low of $2.90 and a 1-year high of $7.68. The company’s 50-day moving average is $3.35 and its 200 day moving average is $4.40. The firm’s market capitalization is $204.92 million.

Acacia Research Corporation (NASDAQ:ACTG) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported ($0.17) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.25). Acacia Research Corporation had a negative return on equity of 1.06% and a negative net margin of 25.64%. The company had revenue of $16.46 million for the quarter, compared to the consensus estimate of $5.00 million. During the same period last year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was down 60.2% compared to the same quarter last year. On average, equities analysts expect that Acacia Research Corporation will post $0.02 EPS for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the business. Schroder Investment Management Group bought a new position in Acacia Research Corporation during the first quarter worth $101,000. Globeflex Capital L P boosted its position in Acacia Research Corporation by 17,904.8% during the first quarter. Globeflex Capital L P now owns 18,905 shares of the business services provider’s stock worth $109,000 after purchasing an additional 18,800 shares during the period. KCG Holdings Inc. boosted its position in Acacia Research Corporation by 51.7% during the first quarter. KCG Holdings Inc. now owns 21,822 shares of the business services provider’s stock worth $125,000 after purchasing an additional 7,440 shares during the period. Trexquant Investment LP bought a new position in Acacia Research Corporation during the first quarter worth $132,000. Finally, Eagle Global Advisors LLC bought a new position in Acacia Research Corporation during the first quarter worth $136,000. 70.91% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently commented on the stock. Northland Securities set a $8.00 target price on shares of Acacia Research Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research upgraded shares of Acacia Research Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, ValuEngine cut shares of Acacia Research Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd.

About Acacia Research Corporation

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.

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

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