Acacia Research Corporation (ACTG) Position Reduced by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lessened its position in Acacia Research Corporation (NASDAQ:ACTG) by 16.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,750 shares of the business services provider’s stock after selling 22,769 shares during the quarter. Goldman Sachs Group Inc. owned about 0.22% of Acacia Research Corporation worth $458,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ACTG. Voya Investment Management LLC raised its holdings in Acacia Research Corporation by 22.0% in the 2nd quarter. Voya Investment Management LLC now owns 29,044 shares of the business services provider’s stock worth $119,000 after acquiring an additional 5,231 shares during the period. KCG Holdings Inc. raised its holdings in Acacia Research Corporation by 51.7% in the 1st quarter. KCG Holdings Inc. now owns 21,822 shares of the business services provider’s stock worth $125,000 after acquiring an additional 7,440 shares during the period. Alliancebernstein L.P. raised its holdings in Acacia Research Corporation by 105.3% in the 2nd quarter. Alliancebernstein L.P. now owns 37,241 shares of the business services provider’s stock worth $153,000 after acquiring an additional 19,100 shares during the period. American International Group Inc. raised its holdings in Acacia Research Corporation by 7.1% in the 1st quarter. American International Group Inc. now owns 30,748 shares of the business services provider’s stock worth $177,000 after acquiring an additional 2,028 shares during the period. Finally, Metropolitan Life Insurance Co. NY raised its holdings in Acacia Research Corporation by 10.9% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 38,344 shares of the business services provider’s stock worth $220,000 after acquiring an additional 3,784 shares during the period. Hedge funds and other institutional investors own 72.28% of the company’s stock.

In related news, Director G Louis Graziadio III acquired 22,094 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were bought at an average price of $3.13 per share, for a total transaction of $69,154.22. Following the acquisition, the director now owns 502,995 shares in the company, valued at approximately $1,574,374.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frank E. Walsh III acquired 25,000 shares of the company’s stock in a transaction dated Friday, September 15th. The shares were bought at an average price of $3.98 per share, for a total transaction of $99,500.00. Following the acquisition, the director now owns 383,961 shares in the company, valued at approximately $1,528,164.78. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 147,250 shares of company stock worth $520,303. Insiders own 7.67% of the company’s stock.

Acacia Research Corporation (NASDAQ:ACTG) opened at $3.95 on Tuesday. Acacia Research Corporation has a twelve month low of $2.90 and a twelve month high of $7.68. The stock has a market cap of $202.42, a PE ratio of 1.36 and a beta of 1.24.

ACTG has been the topic of several recent analyst reports. ValuEngine upgraded shares of Acacia Research Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, October 31st. TheStreet upgraded shares of Acacia Research Corporation from a “d” rating to a “c-” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded shares of Acacia Research Corporation from a “strong sell” rating to a “hold” rating in a report on Monday, October 2nd. Finally, Barclays PLC restated a “sell” rating and set a $5.00 price objective on shares of Acacia Research Corporation in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $6.50.

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About Acacia Research Corporation

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. The Company’s operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions.

Institutional Ownership by Quarter for Acacia Research Corporation (NASDAQ:ACTG)

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