Acacia Research Co. (NASDAQ:ACTG – Get Rating) saw a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,400,000 shares, a growth of 17.6% from the March 31st total of 1,190,000 shares. Approximately 3.2% of the shares of the company are short sold. Based on an average daily trading volume, of 312,500 shares, the days-to-cover ratio is presently 4.5 days.
Several institutional investors and hedge funds have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of Acacia Research during the first quarter valued at $80,000. Barclays PLC increased its holdings in shares of Acacia Research by 197.0% during the fourth quarter. Barclays PLC now owns 59,510 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 39,474 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Acacia Research by 104,684.6% during the fourth quarter. Wells Fargo & Company MN now owns 27,244 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 27,218 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Acacia Research by 8.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 234,054 shares of the business services provider’s stock valued at $1,201,000 after purchasing an additional 17,962 shares during the period. Finally, Toroso Investments LLC increased its holdings in shares of Acacia Research by 85.7% during the fourth quarter. Toroso Investments LLC now owns 277,005 shares of the business services provider’s stock valued at $1,421,000 after purchasing an additional 127,812 shares during the period. 63.02% of the stock is currently owned by institutional investors.
Separately, StockNews.com upgraded Acacia Research from a “sell” rating to a “hold” rating in a research note on Friday, April 8th.
About Acacia Research (Get Rating)
Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through two segments, Intellectual Property Operations and Industrial Operations.
- Get a free copy of the StockNews.com research report on Acacia Research (ACTG)
- It’s Time For FuboTV to Stand Out in the Sea of Streaming
- 3M Stock is Worth a Look Because of the Company it Keeps
- Landstar Systems Stock Can Bottom Down Here
- 3 Attractive Mid Cap Swing Trades
- Institutional Support For Rockwell International Begins To Erode
Receive News & Ratings for Acacia Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Acacia Research and related companies with MarketBeat.com's FREE daily email newsletter.