Acacia Research Corp (ACTG) Director Alfred Victor Jr. Tobia Acquires 5,346 Shares

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Acacia Research Corp (NASDAQ:ACTG) Director Alfred Victor Jr. Tobia acquired 5,346 shares of the company’s stock in a transaction on Wednesday, November 21st. The shares were purchased at an average cost of $3.01 per share, with a total value of $16,091.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Alfred Victor Jr. Tobia also recently made the following trade(s):

  • On Monday, December 3rd, Alfred Victor Jr. Tobia bought 10,000 shares of Acacia Research stock. The shares were acquired at an average price of $3.10 per share, with a total value of $31,000.00.
  • On Friday, November 30th, Alfred Victor Jr. Tobia bought 10,000 shares of Acacia Research stock. The shares were acquired at an average price of $3.13 per share, with a total value of $31,300.00.
  • On Monday, November 19th, Alfred Victor Jr. Tobia bought 20,000 shares of Acacia Research stock. The shares were acquired at an average price of $3.01 per share, with a total value of $60,200.00.

Shares of NASDAQ:ACTG remained flat at $$2.99 on Thursday. The stock had a trading volume of 300 shares, compared to its average volume of 87,086. Acacia Research Corp has a fifty-two week low of $2.85 and a fifty-two week high of $4.45. The company has a market capitalization of $148.42 million, a P/E ratio of 1.01 and a beta of 1.01.

Acacia Research (NASDAQ:ACTG) last released its earnings results on Thursday, October 25th. The business services provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.19. Acacia Research had a negative return on equity of 21.97% and a negative net margin of 237.71%. The business had revenue of $13.73 million during the quarter, compared to the consensus estimate of $5.00 million.

Separately, ValuEngine downgraded Acacia Research from a “hold” rating to a “sell” rating in a research report on Tuesday, October 2nd.

Large investors have recently added to or reduced their stakes in the company. Leisure Capital Management bought a new stake in shares of Acacia Research during the third quarter worth $104,000. Strs Ohio bought a new stake in shares of Acacia Research during the second quarter worth $105,000. PEAK6 Investments L.P. bought a new stake in shares of Acacia Research during the second quarter worth $111,000. Mackay Shields LLC bought a new stake in shares of Acacia Research during the second quarter worth $120,000. Finally, PEAK6 Investments LLC bought a new stake in shares of Acacia Research during the third quarter worth $223,000. Institutional investors and hedge funds own 62.64% of the company’s stock.

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Acacia Research Company Profile

Acacia Research Corporation, together with its subsidiaries, invests in, licenses, and enforces patented technologies. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation.

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