Acacia Research Corp (ACTG) Files Form 4 Insider Buying : Frank E. Iii Walsh Buys 40,000 Shares

Acacia Research Corp (ACTG): Frank E. Iii Walsh , director of Acacia Research Corp purchased 40,000 shares on May 4, 2016. The Insider buying transaction was reported by the company on May 6, 2016 to the Securities and Exchange Commission. The shares were purchased at $4.67 per share for a total value of $186,499.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 6, 2016, Frank E. Iii Walsh (director) purchased 40,000 shares at $4.67 per share price.On May 4, 2016, G Louis Iii Graziadio (director) purchased 8,200 shares at $4.74 per share price.Also, On Apr 27, 2016, Marvin E Key (CEO) purchased 55,000 shares at $4.15 per share price.On Apr 27, 2016, Frank E Iii Walsh (director) purchased 35,000 shares at $4.13 per share price.

Acacia Research Corp (ACTG) witnessed a volatile trading activity on Wednesday May 4, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $4.55 and reached the intraday high at $4.75. The bulls started the profit booking and pushed the shares to intraday low of $4.5. The trading session was marked by a volume range of 4,41,486 shares exchanging hands. The 52-week high of the shares is $10.86 and the 52-week low is $2.82. The market cap of the company stands at $233 M and there are 5,04,58,905 shares in public circulation.

Acacia Research Corp Money Flow Index Chart

Acacia Research Corporation is a holding company. The Company through its subsidiaries engaged in patent investment prosecution licensing and enforcement activities. The Company’s subsidiaries partner with inventors and patent owners for patented inventions. 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. Its subsidiaries own or control the rights to multiple patent portfolios which include the United States patents and certain foreign counterparts covering technologies used in a variety of industries. The Company is engaged in licensing and enforcing patented technologies and has licensed over 1430 license agreements across 181 of its patent portfolio licensing and enforcement programs.

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