American Century Companies Inc. purchased a new position in Acacia Research Corporation (NASDAQ:ACTG) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 50,647 shares of the business services provider’s stock, valued at approximately $230,000. American Century Companies Inc. owned about 0.10% of Acacia Research at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. NJ State Employees Deferred Compensation Plan acquired a new position in Acacia Research during the third quarter worth $205,000. Renaissance Technologies LLC increased its position in Acacia Research by 1.9% during the second quarter. Renaissance Technologies LLC now owns 3,573,800 shares of the business services provider’s stock worth $14,653,000 after buying an additional 68,200 shares during the last quarter. Mycio Wealth Partners LLC acquired a new position in Acacia Research during the third quarter worth $478,000. TIAA CREF Investment Management LLC increased its position in Acacia Research by 19.8% during the second quarter. TIAA CREF Investment Management LLC now owns 313,234 shares of the business services provider’s stock worth $1,284,000 after buying an additional 51,867 shares during the last quarter. Finally, Heartland Advisors Inc. increased its position in Acacia Research by 2.6% during the third quarter. Heartland Advisors Inc. now owns 4,850,375 shares of the business services provider’s stock worth $22,069,000 after buying an additional 122,471 shares during the last quarter. 66.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Acacia Research Corporation (ACTG) opened at $4.25 on Friday. Acacia Research Corporation has a fifty-two week low of $2.90 and a fifty-two week high of $7.68. The stock has a market cap of $212.54, a PE ratio of 1.42 and a beta of 1.20.

In other news, Director Frank E. Walsh III purchased 25,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was bought at an average cost of $3.98 per share, for a total transaction of $99,500.00. Following the completion of the acquisition, the director now directly owns 383,961 shares of the company’s stock, valued at $1,528,164.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director G Louis Graziadio III purchased 22,600 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were purchased at an average price of $3.95 per share, with a total value of $89,270.00. Following the completion of the acquisition, the director now directly owns 545,951 shares of the company’s stock, valued at $2,156,506.45. The disclosure for this purchase can be found here. Insiders have acquired 57,100 shares of company stock valued at $226,750 over the last 90 days. Corporate insiders own 2.81% of the company’s stock.

Several equities analysts have commented on the stock. Zacks Investment Research raised shares of Acacia Research from a “sell” rating to a “hold” rating in a research report on Monday, November 13th. Barclays reissued a “sell” rating and set a $5.00 target price on shares of Acacia Research in a research report on Tuesday, October 31st. ValuEngine raised shares of Acacia Research from a “hold” rating to a “buy” rating in a research report on Tuesday, October 31st. Finally, TheStreet upgraded shares of Acacia Research from a “d” rating to a “c-” rating in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $6.50.

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Acacia Research Company Profile

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 (NASDAQ:ACTG)

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