Institutional Investors Sentiment Indicator of Acacia Research Corp (NASDAQ:ACTG) Improves in Q1 2018

June 12, 2018 - By Dolores Ford

Acacia Research Corporation (NASDAQ:ACTG) Logo

Sentiment for Acacia Research Corp (NASDAQ:ACTG)

Acacia Research Corp (NASDAQ:ACTG) institutional sentiment increased to 1.11 in Q1 2018. Its up 0.04, from 1.07 in 2017Q4. The ratio has improved, as 39 investment managers increased or started new stock positions, while 35 reduced and sold their holdings in Acacia Research Corp. The investment managers in our partner’s database now have: 29.00 million shares, down from 31.81 million shares in 2017Q4. Also, the number of investment managers holding Acacia Research Corp in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 9 Reduced: 26 Increased: 30 New Position: 9.

Acacia Research Corporation, through its subsidiaries, invests in, develops, licenses, and enforces patented technologies in the United States. The company has market cap of $212.72 million. It assists patent owners with the prosecution and development of their patent portfolios; the protection of their patented inventions from unauthorized use; the 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. It has a 110.53 P/E ratio. The firm owns or controls the rights to various patent portfolios, which include the United StatesÂ’ patents and foreign counterparts covering technologies used in various industries.

The stock increased 2.44% or $0.1 during the last trading session, reaching $4.2. About 428,254 shares traded or 77.37% up from the average. Acacia Research Corporation (NASDAQ:ACTG) has declined 11.36% since June 12, 2017 and is downtrending. It has underperformed by 23.93% the S&P500.

Analysts await Acacia Research Corporation (NASDAQ:ACTG) to report earnings on July, 26. They expect $-0.09 earnings per share, up 47.06 % or $0.08 from last year’s $-0.17 per share. After $-0.52 actual earnings per share reported by Acacia Research Corporation for the previous quarter, Wall Street now forecasts -82.69 % EPS growth.

Pacific Ridge Capital Partners Llc holds 0.88% of its portfolio in Acacia Research Corporation for 934,325 shares. Heartland Advisors Inc owns 3.10 million shares or 0.73% of their US portfolio. Moreover, Manatuck Hill Partners Llc has 0.72% invested in the company for 388,100 shares. The Nebraska-based Cwm Llc has invested 0.19% in the stock. Elkhorn Partners Limited Partnership, a Nebraska-based fund reported 87,100 shares.

Since January 1, 0001, it had 6 insider buys, and 0 selling transactions for $242,218 activity.

Another recent and important Acacia Research Corporation (NASDAQ:ACTG) news was published by Streetinsider.com which published an article titled: “Acacia Research (ACTG) Will to Expand Board by One Seat and Add Sidus Nominee Alfred Tobia” on May 25, 2018.

Acacia Research Corporation (NASDAQ:ACTG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.