Acacia Research Co. (NASDAQ:ACTG) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC reduced its stake in shares of Acacia Research Co. (NASDAQ:ACTG) by 18.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,493 shares of the business services provider’s stock after selling 3,432 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Acacia Research were worth $67,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACTG. Intech Investment Management LLC purchased a new stake in shares of Acacia Research during the fourth quarter valued at approximately $56,000. Raymond James Financial Inc. acquired a new stake in Acacia Research during the 4th quarter valued at $74,000. SG Americas Securities LLC increased its stake in Acacia Research by 28.1% during the 4th quarter. SG Americas Securities LLC now owns 19,735 shares of the business services provider’s stock worth $86,000 after buying an additional 4,327 shares during the period. XTX Topco Ltd lifted its holdings in Acacia Research by 7.4% in the 3rd quarter. XTX Topco Ltd now owns 37,277 shares of the business services provider’s stock worth $174,000 after buying an additional 2,565 shares in the last quarter. Finally, Barclays PLC boosted its position in Acacia Research by 253.0% in the 3rd quarter. Barclays PLC now owns 49,788 shares of the business services provider’s stock valued at $232,000 after buying an additional 35,685 shares during the last quarter. 86.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Acacia Research from a “hold” rating to a “sell” rating in a research report on Saturday, March 22nd.

Acacia Research Stock Performance

Shares of ACTG opened at $3.02 on Tuesday. The firm has a market cap of $290.18 million, a price-to-earnings ratio of 5.70 and a beta of 0.62. The company has a quick ratio of 15.95, a current ratio of 16.39 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $3.73 and its two-hundred day moving average is $4.21. Acacia Research Co. has a 52-week low of $2.70 and a 52-week high of $5.74.

Acacia Research 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.