Monitoring Acacia Research Corporation (ACTG) after recent insider movements


Acacia Research Corporation’s recent filing unveils that its General Counsel Soncini Jason W. acquired Company’s shares for reported $49500.0 on May 26. In the deal valued at $3.96 per share,12,500 shares were bought. As a result of this transaction, Soncini Jason W. now holds 156,043 shares worth roughly $ 0.59 million.

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Then, McNulty Martin D. Jr. bought 40,000 shares, generating $150,000 in total proceeds. Upon buying the shares at $3.75, the Interim CEO now owns 100,000 shares.

Before that, Hoover Kirsten sold 12,495 shares. Acacia Research Corporation shares valued at $49,980 were divested by the Interim CFO at a price of $4.00 per share. As a result of the transaction, Hoover Kirsten now holds 65,455 shares, worth roughly $0.25 million.

Craig Hallum initiated its Acacia Research Corporation [ACTG] rating to a Buy in a research note published on Friday, May 22, 2020; the price target was $4. PT values the company’s stock at a premium of 5.25 to its Friday closing price.

Price Performance Review of ACTG

On Friday, Acacia Research Corporation [NASDAQ:ACTG] saw its stock fall -0.52% to $3.79. On the same session, the stock had its day’s lowest price of $3.76, but rose to a high of $3.8506. Over the last five days, the stock has lost -1.30%. Acacia Research Corporation shares have fallen nearly -9.98% since the year began. Nevertheless, the stocks have fallen -15.59% over the past one year. While a 52-week high of $4.66 was reached on 06/06/23, a 52-week low of $3.43 was recorded on 04/26/23. SMA at 50 days reached $3.94, while 200 days put it at $4.05. A total of 0.11 million shares were traded, compared to the trading of 0.14 million shares in the previous session.

Levels Of Support And Resistance For ACTG Stock

The 24-hour chart illustrates a support level at 3.75, which if violated will result in even more drops to 3.71. On the upside, there is a resistance level at 3.84. A further resistance level may holdings at 3.89. The Relative Strength Index (RSI) on the 14-day chart is 45.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.67%. Stochastics %K at 40.28% indicates the stock is a holding.

How much short interest is there in Acacia Research Corporation?

A steep rise in short interest was recorded in Acacia Research Corporation stocks on Aug 14, 2023, growing by 0.0 shares to a total of 1.1 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.1 million shares.

Acacia Research Corporation [ACTG] – Who Are The Largest Shareholders?

In filings from Starboard Value LP, it is revealed that the company now owns 61,123,595 shares, or roughly 61.19% of the outstanding ACTG shares. In other words, the investor’s shares have risen by 41,123,595 from its previous 13-F filing of 20000000.0. Additionally, The Vanguard Group, Inc. increased 11.18% of its stake after which the total value it holdings stand at $10,422,291, while BlackRock Fund Advisors added 171.19% of its stake to hold $9.9 million in the firm. Over the last quarter, ArrowMark Colorado Holdings LLC purchased 38,550 shares of Acacia Research Corporation, while Formidable Asset Management LLC bought -37,315 shares. At present, Renaissance Technologies LLC is holding 1,645,100 shares valued at $6.56 million. Dimensional Fund Advisors LP owned 1,570,934 shares of the company at the time of its most recent 13F filing, worth $6.27 million.


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