Capital Wealth Alliance LLC Cuts Stock Holdings in Acacia Research Co. (NASDAQ:ACTG)

Capital Wealth Alliance LLC cut its position in shares of Acacia Research Co. (NASDAQ:ACTG) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 106,070 shares of the business services provider’s stock after selling 5,975 shares during the period. Capital Wealth Alliance LLC owned 0.11% of Acacia Research worth $460,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Acacia Research by 9.2% in the third quarter. State Street Corp now owns 3,151,647 shares of the business services provider’s stock worth $14,687,000 after acquiring an additional 265,993 shares during the last quarter. Krilogy Financial LLC boosted its stake in Acacia Research by 7.2% during the fourth quarter. Krilogy Financial LLC now owns 1,038,000 shares of the business services provider’s stock worth $4,505,000 after buying an additional 69,400 shares during the last quarter. Tidal Investments LLC lifted its position in Acacia Research by 8.7% in the third quarter. Tidal Investments LLC now owns 393,584 shares of the business services provider’s stock valued at $1,834,000 after buying an additional 31,352 shares during the last quarter. Empowered Funds LLC raised its stake in shares of Acacia Research by 113.0% in the 4th quarter. Empowered Funds LLC now owns 163,076 shares of the business services provider’s stock valued at $708,000 after acquiring an additional 86,531 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Acacia Research by 141.7% during the third quarter. Jane Street Group LLC now owns 76,818 shares of the business services provider’s stock worth $358,000 after buying an additional 45,031 shares during the period. Institutional investors and hedge funds own 86.69% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Acacia Research from a “hold” rating to a “sell” rating in a research note on Wednesday, January 15th.

Insider Activity at Acacia Research

In other news, Director Isaac T. Kohlberg sold 15,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $4.57, for a total value of $68,550.00. Following the completion of the transaction, the director now directly owns 69,274 shares of the company’s stock, valued at $316,582.18. The trade was a 17.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.65% of the company’s stock.

Acacia Research Trading Down 0.2 %

NASDAQ:ACTG opened at $4.25 on Tuesday. The firm has a market cap of $413.82 million, a P/E ratio of 8.02 and a beta of 0.51. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. Acacia Research Co. has a 12-month low of $3.92 and a 12-month high of $5.74. The stock’s 50 day simple moving average is $4.38 and its 200-day simple moving average is $4.57.

Acacia Research Company Profile

Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.