Alfred Victor Jr. Tobia Buys 10,000 Shares of Acacia Research Corp (ACTG) Stock

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Acacia Research Corp (NASDAQ:ACTG) Director Alfred Victor Jr. Tobia acquired 10,000 shares of the business’s stock in a transaction dated Friday, November 30th. The stock was acquired at an average cost of $3.13 per share, for a total transaction of $31,300.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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 shares were purchased at an average price of $3.10 per share, for a total transaction of $31,000.00.
  • On Wednesday, November 21st, Alfred Victor Jr. Tobia bought 5,346 shares of Acacia Research stock. The shares were purchased at an average price of $3.01 per share, for a total transaction of $16,091.46.
  • On Monday, November 19th, Alfred Victor Jr. Tobia bought 20,000 shares of Acacia Research stock. The shares were purchased at an average price of $3.01 per share, for a total transaction of $60,200.00.

Shares of ACTG opened at $3.03 on Friday. The firm has a market cap of $149.41 million, a P/E ratio of 1.02 and a beta of 1.01. Acacia Research Corp has a 1-year low of $2.85 and a 1-year high of $4.45.

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

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Strs Ohio acquired a new position in Acacia Research during the second quarter worth $105,000. PEAK6 Investments L.P. acquired a new position in Acacia Research during the second quarter worth $111,000. Mackay Shields LLC acquired a new position in Acacia Research during the second quarter worth $120,000. Leisure Capital Management acquired a new position in Acacia Research during the third quarter worth $104,000. Finally, AQR Capital Management LLC increased its holdings in Acacia Research by 21.9% during the third quarter. AQR Capital Management LLC now owns 185,529 shares of the business services provider’s stock worth $594,000 after buying an additional 33,300 shares during the last quarter. Institutional investors and hedge funds 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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