Marc W. Booth Sells 4,370 Shares of Acacia Research Corp (NASDAQ:ACTG) Stock

Acacia Research Corp (NASDAQ:ACTG) insider Marc W. Booth sold 4,370 shares of the company’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $2.59, for a total transaction of $11,318.30. Following the completion of the sale, the insider now directly owns 110,630 shares of the company’s stock, valued at $286,531.70. The sale was disclosed in a filing with the SEC, which is accessible through this link.

ACTG stock traded up $0.20 during trading on Thursday, reaching $2.98. The stock had a trading volume of 143,200 shares, compared to its average volume of 84,146. Acacia Research Corp has a one year low of $2.42 and a one year high of $3.34. The company’s 50 day moving average is $2.62 and its two-hundred day moving average is $2.85.

Hedge funds have recently modified their holdings of the business. Callodine Capital Management LP grew its position in Acacia Research by 30.4% in the 2nd quarter. Callodine Capital Management LP now owns 150,000 shares of the business services provider’s stock worth $444,000 after purchasing an additional 35,000 shares in the last quarter. Vanguard Group Inc. grew its position in Acacia Research by 44.3% in the 2nd quarter. Vanguard Group Inc. now owns 3,598,997 shares of the business services provider’s stock worth $10,654,000 after purchasing an additional 1,104,392 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of Acacia Research by 3.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,137,820 shares of the business services provider’s stock valued at $3,334,000 after acquiring an additional 32,756 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of Acacia Research by 88.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 96,493 shares of the business services provider’s stock valued at $286,000 after acquiring an additional 45,259 shares during the period. Finally, Northern Trust Corp grew its position in shares of Acacia Research by 2.9% during the 2nd quarter. Northern Trust Corp now owns 574,079 shares of the business services provider’s stock valued at $1,699,000 after acquiring an additional 16,270 shares during the period. 60.39% of the stock is owned by institutional investors and hedge funds.

Separately, ValuEngine downgraded shares of Acacia Research from a “hold” rating to a “sell” rating in a research report on Thursday.

About Acacia Research

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engage in the licensing and enforcement of 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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