Acacia Research (NASDAQ:ACTG) Stock Rating Lowered by StockNews.com

Acacia Research (NASDAQ:ACTG) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Acacia Research Price Performance

Acacia Research stock opened at $3.42 on Friday. Acacia Research has a 52-week low of $3.37 and a 52-week high of $5.74. 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 firm’s fifty day moving average is $4.17 and its 200 day moving average is $4.41. The company has a market cap of $328.61 million, a price-to-earnings ratio of 6.45 and a beta of 0.49.

Hedge Funds Weigh In On Acacia Research

Institutional investors and hedge funds have recently modified their holdings of the stock. Deutsche Bank AG purchased a new stake in Acacia Research during the 4th quarter valued at $40,000. ProShare Advisors LLC purchased a new stake in shares of Acacia Research in the fourth quarter valued at $46,000. Atom Investors LP bought a new stake in shares of Acacia Research in the 3rd quarter worth about $56,000. Intech Investment Management LLC purchased a new position in shares of Acacia Research during the 4th quarter worth about $56,000. Finally, Raymond James Financial Inc. bought a new position in Acacia Research during the 4th quarter valued at about $74,000. Hedge funds and other institutional investors own 86.69% of the company’s stock.

About Acacia Research

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.