Callodine Capital Management LP Acquires 10,000 Shares of Acacia Research Corp (NASDAQ:ACTG)

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Callodine Capital Management LP grew its holdings in shares of Acacia Research Corp (NASDAQ:ACTG) by 9.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,000 shares of the business services provider’s stock after purchasing an additional 10,000 shares during the quarter. Callodine Capital Management LP’s holdings in Acacia Research were worth $375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ACTG. JPMorgan Chase & Co. lifted its position in shares of Acacia Research by 99.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,459,639 shares of the business services provider’s stock valued at $4,671,000 after acquiring an additional 729,381 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Acacia Research by 67.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,249,732 shares of the business services provider’s stock valued at $7,199,000 after acquiring an additional 909,195 shares during the last quarter. Rhumbline Advisers lifted its position in shares of Acacia Research by 37.4% during the 4th quarter. Rhumbline Advisers now owns 70,958 shares of the business services provider’s stock valued at $211,000 after acquiring an additional 19,312 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Acacia Research during the 4th quarter valued at $758,000. Finally, Geode Capital Management LLC lifted its position in shares of Acacia Research by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 556,383 shares of the business services provider’s stock valued at $1,658,000 after acquiring an additional 20,008 shares during the last quarter. Institutional investors and hedge funds own 60.09% of the company’s stock.

Separately, ValuEngine downgraded Acacia Research from a “hold” rating to a “sell” rating in a research report on Monday, April 1st.

In other Acacia Research news, insider Marc W. Booth bought 10,000 shares of Acacia Research stock in a transaction dated Friday, March 15th. The stock was bought at an average price of $3.10 per share, for a total transaction of $31,000.00. Following the completion of the acquisition, the insider now directly owns 40,000 shares of the company’s stock, valued at $124,000. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 11.04% of the stock is owned by corporate insiders.

ACTG opened at $3.10 on Thursday. Acacia Research Corp has a 12-month low of $2.75 and a 12-month high of $4.40.

Acacia Research (NASDAQ:ACTG) last released its earnings results on Thursday, May 9th. The business services provider reported ($0.10) earnings per share (EPS) for the quarter. The business had revenue of $3.39 million during the quarter. Acacia Research had a negative net margin of 106.28% and a negative return on equity of 5.79%.

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Acacia Research Profile

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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Institutional Ownership by Quarter for Acacia Research (NASDAQ:ACTG)

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