Acacia Research Corporation (NASDAQ:ACTG) Director Buys $63,650.00 in Stock

Acacia Research Corporation (NASDAQ:ACTG) Director G Louis Graziadio III bought 19,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average price of $3.35 per share, for a total transaction of $63,650.00. Following the completion of the transaction, the director now owns 523,351 shares in the company, valued at $1,753,225.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Wednesday, September 13th, G Louis Graziadio III bought 22,600 shares of Acacia Research Corporation stock. The shares were acquired at an average price of $3.95 per share, for a total transaction of $89,270.00.
  • On Friday, September 1st, G Louis Graziadio III bought 8,200 shares of Acacia Research Corporation stock. The shares were acquired at an average price of $3.40 per share, for a total transaction of $27,880.00.
  • On Monday, August 28th, G Louis Graziadio III purchased 2,556 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.20 per share, for a total transaction of $8,179.20.
  • On Friday, August 25th, G Louis Graziadio III purchased 2,500 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.30 per share, for a total transaction of $8,250.00.
  • On Thursday, August 24th, G Louis Graziadio III purchased 800 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.30 per share, for a total transaction of $2,640.00.
  • On Wednesday, August 23rd, G Louis Graziadio III purchased 22,094 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.13 per share, for a total transaction of $69,154.22.
  • On Tuesday, August 22nd, G Louis Graziadio III purchased 10,000 shares of Acacia Research Corporation stock. The stock was purchased at an average price of $3.08 per share, for a total transaction of $30,800.00.

Acacia Research Corporation (ACTG) opened at 4.05 on Friday. Acacia Research Corporation has a 52-week low of $2.90 and a 52-week high of $7.68. The firm’s market cap is $204.92 million. The company’s 50 day moving average is $3.35 and its 200-day moving average is $4.40.

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

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ACTG has been the topic of a number of recent analyst reports. Northland Securities set a $8.00 price target on shares of Acacia Research Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research upgraded shares of Acacia Research Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, ValuEngine downgraded shares of Acacia Research Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.

Several hedge funds have recently made changes to their positions in ACTG. Nationwide Fund Advisors increased its holdings in shares of Acacia Research Corporation by 3.4% in the first quarter. Nationwide Fund Advisors now owns 168,024 shares of the business services provider’s stock valued at $966,000 after purchasing an additional 5,483 shares during the period. Wells Fargo & Company MN grew its holdings in Acacia Research Corporation by 42.0% during the first quarter. Wells Fargo & Company MN now owns 49,812 shares of the business services provider’s stock worth $286,000 after acquiring an additional 14,739 shares during the period. Bank of New York Mellon Corp grew its holdings in Acacia Research Corporation by 3.8% during the first quarter. Bank of New York Mellon Corp now owns 239,104 shares of the business services provider’s stock worth $1,375,000 after acquiring an additional 8,773 shares during the period. Trexquant Investment LP acquired a new stake in Acacia Research Corporation during the first quarter worth about $132,000. Finally, Eagle Global Advisors LLC acquired a new stake in Acacia Research Corporation during the first quarter worth about $136,000. 70.91% of the stock is currently owned by institutional investors and hedge funds.

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.

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

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