Insider Activity to Watch: Acacia Research Corporation $ACTG

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Acacia Research Corporation (ACTG) insider have most recently took part in a trading activity. On Aug 22, 2017 Graziadio G Louis Iii, Director bought 10,000 shares having total worth of $30,800 at the price of $3.08 per share, following the transaction a total of 874,701 shares owned by Graziadio G Louis Iii. Before this latest buy, Graziadio G Louis Iii purchased ACTG at 5 other times during the past twelve months, for a total investment of $12.01M at an average of $5.35 per share.

Furthermore, over the past 12 months , the stock was traded 7 times by insiders. an employee of the company was the buyer in 7 instances.

Shares of Acacia Research Corporation (ACTG) traded up 1.64% on Aug 23, 2017, hitting $3.1. 368,962 shares of the company’s stock traded hands. Acacia Research Corporation has a 52 week low of $2.9 and a 52 week high of $7.55. The company’s market cap is $321 million.

Acacia Research Corporation (ACTG) last announced its earnings results on Jul 27, 2017. The company reported -0.14 earnings per share (EPS) for the quarter, lower than the consensus estimate of 0.08 by $0.22. The company had revenue of $16 million for the quarter, compared to the consensus estimate of $20 million. During the same quarter in the previous year, the company posted 0.23 earnings per share. The company’s revenue for the quarter was down 60% on a year-over-year basis.

2017-07-27 2017-05-04 2017-03-09 2016-10-27 2016-07-28 2016-04-21 2016-02-25 2015-10-22 2015-07-23 2015-04-23
earnings per share -0.14 -0.08 0.02 0.31 0.23 0.05 0.09 -0.23 0.25 0.06
Revenue(M) 16.46 8.85 21.97 64.66 41.53 24.72 37.5 12.99 40.34 34.21

Acacia Research Corporation was originally incorporated in California in January 1993 and reincorporated in Delaware in December 1999. The Company through its operating subsidiaries acquires, develops, licenses and enforces patented technologies. The Company’s operating subsidiaries generate license fee revenues and related cash flows from the granting of licenses for the use of patented technologies that its operating subsidiaries own or control. The operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the enforcement against unauthorized users of their patented technologies. The Company is in the business of licensing patented technologies and has processed over 1,225 license agreements execution to date, across 143 of its technology license programs. Currently, on a consolidated basis, the company’s operating subsidiaries own or control the rights to over 250 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a variety of industries.

William White

William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.

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About the Author

William White
William White is a financial writer. He graduated with a degree in Economics. He has contributed to major financial websites and print publications for over 8 years. He handles much of this site's news coverage for corporate insider activity, and occasionally cover other areas of financial sector.