Krilogy Financial LLC Acquires 120,024 Shares of Acacia Research Co. (NASDAQ:ACTG)

Krilogy Financial LLC boosted its holdings in Acacia Research Co. (NASDAQ:ACTG) by 11.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,158,024 shares of the business services provider’s stock after purchasing an additional 120,024 shares during the period. Krilogy Financial LLC’s holdings in Acacia Research were worth $3,706,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of Acacia Research by 10.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,300,673 shares of the business services provider’s stock valued at $9,985,000 after acquiring an additional 220,579 shares during the last quarter. Royce & Associates LP raised its stake in shares of Acacia Research by 5.1% during the fourth quarter. Royce & Associates LP now owns 1,174,641 shares of the business services provider’s stock valued at $5,098,000 after acquiring an additional 56,726 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in shares of Acacia Research by 7.8% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,004,495 shares of the business services provider’s stock valued at $4,360,000 after acquiring an additional 72,494 shares during the last quarter. Formidable Asset Management LLC raised its stake in shares of Acacia Research by 1.0% during the fourth quarter. Formidable Asset Management LLC now owns 1,002,922 shares of the business services provider’s stock valued at $4,353,000 after acquiring an additional 10,257 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Acacia Research by 19.6% during the fourth quarter. American Century Companies Inc. now owns 439,532 shares of the business services provider’s stock valued at $1,908,000 after acquiring an additional 71,907 shares during the last quarter. 86.69% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Isaac T. Kohlberg sold 16,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $3.84, for a total value of $61,440.00. Following the completion of the transaction, the director now directly owns 85,446 shares of the company’s stock, valued at $328,112.64. This represents a 15.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.65% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Acacia Research from a “buy” rating to a “hold” rating in a research note on Saturday, June 7th.

Acacia Research Stock Performance

Shares of NASDAQ:ACTG opened at $3.68 on Friday. The company has a market cap of $353.91 million, a price-to-earnings ratio of 6.94 and a beta of 0.64. The company has a 50-day moving average price of $3.42 and a 200-day moving average price of $3.89. The company has a current ratio of 16.39, a quick ratio of 15.95 and a debt-to-equity ratio of 0.12. Acacia Research Co. has a 12 month low of $2.70 and a 12 month high of $5.70.

Acacia Research (NASDAQ:ACTG) last issued its quarterly earnings data on Thursday, May 8th. The business services provider reported $0.33 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.38. Acacia Research had a net margin of 31.44% and a return on equity of 10.35%.

About Acacia Research

Acacia is a publicly traded (Nasdaq: ACTG) company that is focused on acquiring and operating businesses across the industrial, energy and technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. Acacia evaluates opportunities based on the attractiveness of the underlying cash flows, without regard to a specific investment horizon.