Acacia Research Corporation (ACTG) Stock: Here’s What’s Happening

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Acacia Research Corporation (ACTG) is making a move up in the market in today’s trading session. The company, one that is focused in the service space, is currently trading at $2.74 after heading up 6.61% so far in today’s session. In terms of service sector companies, there are a number of factors that have the potential to lead to price movement in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent headlines centered around ACTG:

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Oct-07-19 07:29AM How Many Acacia Research Corporation (NASDAQ:ACTG) Shares Do Institutions Own?
Sep-13-19 07:48PM Edited Transcript of ACTG earnings conference call or presentation 6-Aug-19 3:00pm GMT
Sep-11-19 01:39PM 4 Negative Enterprise Value Stocks
Sep-09-19 05:06PM Acacia Research Appoints Executive Leadership
Aug-07-19 01:07PM The Acacia Research (NASDAQ:ACTG) Share Price Is Down 83% So Some Shareholders Are Rather Upset

Nonetheless, when making an investing decision, investors should look into much more than news, this is especially the case in the ever highly complex service space. Here’s what’s happening in regard to Acacia Research Corporation.

What We’ve Seen From ACTG

While a move toward the top in a single session, like what we’re seeing from Acacia Research Corporation might make some investors upset, that alone should not be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to take a look at trends experienced by the stock just a single trading session. As it relates to ACTG, here are the trends that investors have seen:

  • Past 5 Trading Sessions – In the last 7 days, ACTG has produced a change in value in the amount of 7.45%.
  • Past Month – The performance from Acacia Research Corporation in the past month works out to -7.12%.
  • Past Quarter – In the last quarter, the stock has produced a ROI that works out to -2.14%
  • Past Six Months – In the previous six months, investors have seen a performance of -12.18% from the company.
  • Year To Date – Since the close of last year ACTG has generated a ROI of -8.05%.
  • Annually – Lastly, over the last full year, we’ve seen performance amounting to -11.61% from ACTG. Over this period of time, the stock has traded at a high price of -17.96% and a low price of 9.60%.

Notable Ratios

Digging into various ratios having to do with a company can provide traders a view of how dangerous and/or rewarding a an investment option might be. Here are a few of the important ratios to consider when digging into ACTG.

Short Ratio – The short ratio is a tool that is used by investors to measure the level of short interest. The higher this short ratio, the more investors are expecting that the price of the stock is going to climb. Throughout the sector, strong service sector stocks can come with a lower short ratio. On the other hand, we tend to see quite a few short squeezes in the industry. Nonetheless, as it relates to Acacia Research Corporation, the stock’s short ratio amounts to 2.48.

Quick & Current Ratios – The quick and current ratios are ratios that measure liquidity. Basically, they measure the company’s abilities to pay for its debts when they come due with only quick assets or current assets. do have strong quick and current ratios. As far as ACTG, the quick and current ratios add up to 9.20 and 9.20 respectively.  

Book To Share Value – The book to share value compares the the price of shares to the book value of assets owned by the company. In this case, that ratio comes in at 3.62.

Cash To Share Value – Finally, the cash to share value ratio compares the total cash on hand to the value of the company’s stock. In the case of ACTG, the cash to share value ratio works out to 3.20.

Is Big Money Interested in Acacia Research Corporation?

An interesting fact that I’ve learned so far in my short time on Earth is that smart money tends to follow big money players. In general, investors that are looking to play it relatively safe will watch trades made by institutional investors as well as insiders. With that said, is big money interested as it relates to ACTG? Here’s the data:

Institutions own 66.40% of the company. Institutional interest has moved by -0.02% over the past three months. When it comes to insiders, those who are close to the company currently own 3.70% percent of ACTG shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

What Analysts Think About Acacia Research Corporation

Although it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a good idea to use their analysis when validating your own before making an investment decision in the service sector. Below are the most recent moves that we have seen from analysts with regard to ACTG.

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Jul-29-16 Reiterated Barclays Underweight $4 → $6
May-23-16 Upgrade Northland Capital Market Perform → Outperform
Dec-23-15 Reiterated Lake Street Buy $12 → $6.50
Aug-20-15 Reiterated Barclays Equal Weight $15 → $12
Feb-20-15 Reiterated Cowen Outperform $24 → $20

Financial Performance

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, ACTG has generated revenue in the amount of $0.10% with earnings coming in at -12.20%. On a quarter over quarter basis, earnings have seen movement of 79.60% and revenue has seen movement of -15.40%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 51.49M shares of Acacia Research Corporation outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ACTG has a float of 48.37M.

It’s also important to pay attention to the short percent. Think about it, if a large portion of the float available for trading is shorted, the overall feeling among traders is that the stock is headed for a deep dive. When it comes to ACTG, the short percentage of the float totals up to 0.48%. In general, concerning short percent of the float is considered to be anything over 40%. Nonetheless, I have found that any short ratio over 26% is usually a a play that could prove to be very risky.

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