Acacia Research Corp (NASDAQ: ACTG) is 1.15% higher on its value in year-to-date trading and has touched a low of $3.68 and a high of $5.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACTG stock was last observed hovering at around $4.37 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $4.39, the stock is 0.84% and -1.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 0.46% at the moment leaves the stock -9.43% off its SMA200. ACTG registered 17.69% gain for a year compared to 6-month loss of -18.85%. The firm has a 50-day simple moving average (SMA 50) of $4.446 and a 200-day simple moving average (SMA200) of $4.84685.
The stock witnessed a -2.23% gain in the last 1 month and extending the period to 3 months gives it a -5.79%, and is 4.03% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.50% over the week and 2.63% over the month.
Acacia Research Corp (ACTG) has around 172 employees, a market worth around $427.45M and $165.78M in sales. Current P/E ratio is 9.48. Profit margin for the company is 29.08%. Distance from 52-week low is 19.29% and -23.51% from its 52-week high. The company has generated returns on investments over the last 12 months (7.89%).
The EPS is expected to shrink by -135.44% this year.
Acacia Research Corp (ACTG) Top Institutional Holders
143.0 institutions hold shares in Acacia Research Corp (ACTG), with institutional investors hold 90.39% of the company’s shares. The shares outstanding are 97.37M, and float is at 95.60M with Short Float at 1.30%. Institutions hold 88.78% of the Float.
The top institutional shareholder in the company is STARBOARD VALUE LP with over 61.12 million shares valued at $306.23 million. The investor’s holdings represent 61.2793% of the ACTG Shares outstanding. As of 2024-06-30, the second largest holder is STATE STREET CORP with 2.89 million shares valued at $14.46 million to account for 2.893 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.55 million shares representing 2.5549% and valued at over $12.77 million, while ARROWMARK COLORADO HOLDINGS LLC holds 2.4098 of the shares totaling 2.4 million with a market value of $12.04 million.
Acacia Research Corp (ACTG) Insider Activity
The most recent transaction is an insider sale by Kohlberg Isaac T., the company’s Director. SEC filings show that Kohlberg Isaac T. sold 15,000 shares of the company’s common stock on Nov 25 ’24 at a price of $4.57 per share for a total of $68572.0. Following the sale, the insider now owns 69274.0 shares.
Still, SEC filings show that on May 17 ’24, Soncini Jason W. (General Counsel) acquired 5,000 shares at an average price of $5.36 for $26800.0. The insider now directly holds 226,661 shares of Acacia Research Corp (ACTG).
