Acacia Research Downgraded to Sell by StockNews.com

Acacia Research (NASDAQ:ACTG) has been downgraded from a "hold" rating to a "sell" rating by investment analysts at StockNews.com, according to a recent research note provided to investors on Thursday.

Acacia Research Stock Performance

The shares of Acacia Research opened at $4.22 on Thursday, experiencing a slight decline of 0.2%. The company holds a debt-to-equity ratio of 0.12, along with a quick ratio of 15.95 and a current ratio of 16.39. Over the past year, the stock has reached a low of $3.88 and a high of $5.74. Currently, Acacia Research has a market capitalization of approximately $410.89 million, a price-to-earnings (P/E) ratio of 7.96, and a beta value of 0.49. Additionally, the stock's 50-day simple moving average stands at $4.28, while the 200-day simple moving average is at $4.48.

Institutional Investors and Acacia Research

Several institutional investors have recently adjusted their holdings in Acacia Research. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in the company during the third quarter, valued at around $117,000. Atom Investors LP also acquired a new position in Acacia Research amounting to approximately $56,000 in the same period. Furthermore, State Street Corp raised its stake in the company by 9.2% during the third quarter and now owns a total of 3,151,647 shares, valued at about $14,687,000. Jane Street Group LLC significantly increased its position by 141.7%, now holding 76,818 shares worth approximately $358,000. XTX Topco Ltd also raised its stake by 7.4% during the third quarter, adding 2,565 shares to own a total of 37,277 shares worth about $174,000. Overall, institutional investors own around 86.69% of Acacia Research's stock.

Acacia Research Overview

Acacia Research is a publicly traded company on NASDAQ, focused on acquiring and operating businesses across the industrial, energy, and technology sectors. The company aims to leverage its expertise, significant capital base, and extensive industry connections to enhance value. Acacia Research evaluates potential opportunities based on the underlying cash flow attractiveness, irrespective of specific timeframes for investment.

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