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

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Acacia Research Corp (NASDAQ:ACTG) Director Alfred Victor Jr. Tobia acquired 5,346 shares of Acacia Research stock in a transaction on Wednesday, November 21st. The shares were bought at an average price of $3.01 per share, for a total transaction of $16,091.46. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

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

NASDAQ ACTG opened at $3.03 on Friday. Acacia Research Corp has a 12 month low of $2.85 and a 12 month high of $4.45. The firm has a market cap of $149.41 million, a price-to-earnings ratio of 1.02 and a beta of 1.01.

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

Several institutional investors have recently bought and sold shares of ACTG. Mackay Shields LLC bought a new position in shares of Acacia Research in the 2nd quarter worth about $120,000. Strs Ohio bought a new position in shares of Acacia Research in the 2nd quarter worth about $105,000. Schwab Charles Investment Management Inc. lifted its position in shares of Acacia Research by 18.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 256,761 shares of the business services provider’s stock worth $1,066,000 after buying an additional 40,007 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of Acacia Research by 19.1% in the 2nd quarter. GSA Capital Partners LLP now owns 223,800 shares of the business services provider’s stock worth $929,000 after buying an additional 35,900 shares during the last quarter. Finally, Alambic Investment Management L.P. lifted its position in shares of Acacia Research by 95.7% in the 2nd quarter. Alambic Investment Management L.P. now owns 388,760 shares of the business services provider’s stock worth $1,613,000 after buying an additional 190,060 shares during the last quarter. Institutional investors own 62.64% of the company’s stock.

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

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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.

Further Reading: Cash Flow

Insider Buying and Selling by Quarter for Acacia Research (NASDAQ:ACTG)

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