Price Action Don’t Lie: Is Buying Stock Like Acacia Research Corp After Such Increase Winning Strategy?

Price Action Don't Lie: Is Buying Stock Like Acacia Research Corp After Such Increase Winning Strategy?

The stock of Acacia Research Corp (NASDAQ:ACTG) is a huge mover today! About 357,552 shares traded hands. Acacia Research Corp (NASDAQ:ACTG) has risen 50.87% since April 14, 2016 and is uptrending. It has outperformed by 46.19% the S&P500.
The move comes after 5 months positive chart setup for the $332.65 million company. It was reported on Nov, 16 by Barchart.com. We have $13.94 PT which if reached, will make NASDAQ:ACTG worth $405.83 million more.

Acacia Research Corp (NASDAQ:ACTG) Ratings Coverage

Out of 3 analysts covering Acacia Research (NASDAQ:ACTG), 2 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 67% are positive. Acacia Research has been the topic of 6 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was upgraded by Northland Capital on Monday, May 23 to “Outperform”. The stock of Acacia Research Corp (NASDAQ:ACTG) has “Underweight” rating given on Tuesday, January 5 by Barclays Capital. The firm earned “Underweight” rating on Friday, July 29 by Barclays Capital. The rating was maintained by Lake Street with “Buy” on Wednesday, December 23.

According to Zacks Investment Research, “Acacia Research Corporation, through its subsidiaries, develops, acquires, and licenses 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. Acacia Research Corporation is based in Newport Beach, California.”

Insitutional Activity: The institutional sentiment decreased to 0.65 in Q2 2016. Its down 0.55, from 1.2 in 2016Q1. The ratio is negative, as 12 funds sold all Acacia Research Corp shares owned while 39 reduced positions. 14 funds bought stakes while 19 increased positions. They now own 34.15 million shares or 17.09% less from 41.19 million shares in 2016Q1.
Fmr Ltd Liability last reported 0% of its portfolio in the stock. Bard Associates owns 12,515 shares or 0.03% of their US portfolio. Renaissance Technologies Ltd Company holds 2.37M shares or 0.02% of its portfolio. Advisory Ltd Liability Co owns 7 shares or 0% of their US portfolio. Millennium Management Ltd Com reported 15,090 shares or 0% of all its holdings. Snow Capital Management L P last reported 1.73M shares in the company. Tiaa Cref Ltd holds 0% or 232,644 shares in its portfolio. Interest Grp Inc Inc accumulated 0% or 28,750 shares. Blackrock Inv Mgmt Ltd owns 196,030 shares or 0% of their US portfolio. Retail Bank Of Montreal Can last reported 0% of its portfolio in the stock. Credit Suisse Ag has invested 0% of its portfolio in Acacia Research Corp (NASDAQ:ACTG). Moreover, Fuller Thaler Asset Mngmt Inc has 0.05% invested in Acacia Research Corp (NASDAQ:ACTG) for 616,821 shares. The New York-based New York State Common Retirement Fund has invested 0% in Acacia Research Corp (NASDAQ:ACTG). Tradewinds Capital Management Ltd last reported 750 shares in the company. State Board Of Administration Of Florida Retirement has 43,944 shares for 0% of their US portfolio.

Insider Transactions: Since May 17, 2016, the stock had 5 buys, and 0 insider sales for $937,985 net activity. GRAZIADIO G LOUIS III had bought 98,887 shares worth $454,317 on Thursday, May 19. Walsh Frank E. III bought $199,828 worth of Acacia Research Corp (NASDAQ:ACTG) on Thursday, June 9.

More news for Acacia Research Corp (NASDAQ:ACTG) were recently published by: Businesswire.com, which released: “Acacia Research Corporation Announces Resignation of Matthew Vella as Chief …” on December 22, 2015. Businesswire.com‘s article titled: “Robbins Arroyo LLP: Acquisition of Acacia Research Corporation (ACTG) by …” and published on March 14, 2016 is yet another important article.

ACTG Company Profile

Acacia Research Corporation, incorporated on October 8, 1999, 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 Firm operates in patent licensing and enforcement business segment. The Company’s subsidiaries generate revenues from the granting of intellectual property rights for the use of patented technologies that its subsidiaries control or own.

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