Digging Up the Facts on Acacia Research Corporation (ACTG)

Acacia Research Corporation (NASDAQ:ACTG) has reached an overbought level with an RSI (14) at 80.22. Moreover, Manatuck Hill Partners Llc has 0.9% invested in the company for 438,500 shares. The company's market cap is $255.51 million. The stock of Acacia Research Corp (NASDAQ:ACTG) has "Outperform" rating given on Monday, May 23 by Northland Capital. Also, Director G Louis Graziadio III bought 10,000 shares of the company's stock in a transaction that occurred on Tuesday, August 22nd. Next quarter's EPS is forecasted at $0.24 and the next full year EPS is anticipated to be $0.33.

2 number of analysts have estimated the sales of the company for the quarter ending Oct 25, 2017- Oct 30, 2017, analysts estimated mean sale target of 29.8 million while high and low sale targets are estimated at 40 million and 19.6 million respectively. As of the last earnings report the EPS was $-0.59 and is expected to be $0.02 for the current year with 50,597,000 shares now outstanding. The company rocked its 52-Week High of $7.68 and touched its 52-Week Low of $2.9. The shares were purchased at an average price of $3.98 per share, for a total transaction of $99,500.00. Acacia Research Corporation (NASDAQ:ACTG) has a 20-Day average volume of 1.24 Million.

Let's have a look at some of the important valuation ratios of the Acacia Research Corporation (ACTG). The correct version of this piece can be read at It is now trading at $4.60 which is significantly higher than the 50 day moving average of $3.40 and marginally over the 200 day moving average of $4.35.

Heartland Advisors Inc holds 1.25% of its portfolio in Acacia Research Corp for 4.73 million shares.

Acacia Research Corporation (NASDAQ:ACTG) last announced its quarterly earnings results on Thursday, July 27th.

Several analysts recently issued reports on the stock. Group holds 0% of its portfolio in Acacia Research Corp (NASDAQ:ACTG) for 30,701 shares. Nationwide Fund Advisors lifted its stake in Acacia Research Corporation by 3.4% in the first quarter. Following the purchase, the director now directly owns 383,961 shares in the company, valued at $1,528,164.78. Cwm, LLC now holds 1,847,096 shares valued at $7,573,000. Where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. Northland Capital maintained the shares of ACTG in report on Monday, July 10 with "Buy" rating. The disclosure for this purchase can be found here. As of the end of the quarter Squarepoint Ops LLC had disposed of a total of 14,431 shares trimming its stake by 50.9%. 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.

Acacia Research Corporation, through its subsidiaries, invests in, licenses and enforces patented technologies. Hedge funds and other institutional investors own 70.91% of the company's stock.

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