The OMERS ADMINISTRATION Corp Sells 363,200 Shares of Acacia Research Corp. (ACTG)

The OMERS ADMINISTRATION Corp Sells 363,200 Shares of Acacia Research Corp. (ACTG)

OMERS ADMINISTRATION Corp cut its stake in shares of Acacia Research Corp. (NASDAQ:ACTG) by 58.5% during the third quarter, Holdings Channel reports. The fund owned 258,005 shares of the company’s stock after selling 363,200 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Acacia Research Corp. were worth $1,682,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ACTG. Deprince Race & Zollo Inc. acquired a new stake in shares of Acacia Research Corp. during the second quarter valued at $232,000. Bank of New York Mellon Corp increased its position in shares of Acacia Research Corp. by 3.3% in the second quarter. Bank of New York Mellon Corp now owns 206,666 shares of the company’s stock valued at $909,000 after buying an additional 6,628 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of Acacia Research Corp. by 81.8% in the second quarter. Dynamic Technology Lab Private Ltd now owns 59,484 shares of the company’s stock valued at $262,000 after buying an additional 26,762 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its position in shares of Acacia Research Corp. by 9.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 723,480 shares of the company’s stock valued at $3,183,000 after buying an additional 65,150 shares during the last quarter. Finally, Engineers Gate Manager LP acquired a new position in shares of Acacia Research Corp. during the second quarter valued at approximately $176,000. Institutional investors own 76.17% of the company’s stock.

Acacia Research Corp. (NASDAQ:ACTG) traded down 5.69% during trading on Thursday, reaching $5.80. The company’s stock had a trading volume of 204,466 shares. The company’s market cap is $292.69 million. Acacia Research Corp. has a 52-week low of $2.82 and a 52-week high of $7.68. The stock has a 50-day moving average price of $6.82 and a 200 day moving average price of $6.16.

Acacia Research Corp. (NASDAQ:ACTG) last announced its quarterly earnings results on Thursday, October 27th. The company reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.25. The company had revenue of $64.60 million for the quarter, compared to analysts’ expectations of $26.32 million. Acacia Research Corp. had a negative net margin of 94.19% and a positive return on equity of 9.53%. Acacia Research Corp.’s revenue was up 396.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.23) EPS. On average, analysts expect that Acacia Research Corp. will post $0.68 EPS for the current year.

Separately, Zacks Investment Research lowered shares of Acacia Research Corp. from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 28th.

About Acacia Research Corp.

Acacia Research Corporation, through its subsidiaries, is engaged in patent investment, prosecution, licensing and enforcement activities. The Company’s subsidiaries partner with inventors and patent owners for patented inventions. The Company operates in patent licensing and enforcement business segment.

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