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 Jun 9, 2016. The Insider buying transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were purchased at $5.00 per share for a total value of $199,828.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 7, 2016, G Louis Iii Graziadio (director) purchased 74,169 shares at $3.79 per share price.On May 23, 2016, Frank E. Iii Walsh (director) purchased 20,000 shares at $4.59 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.

Shares of Acacia Research Corp (ACTG) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.17 points or -3.31% at $4.97 with 3,98,416 shares getting traded. Post opening the session at $5.1, the shares hit an intraday low of $4.93 and an intraday high of $5.19 and the price vacillated in this range throughout the day. The company has a market cap of $250 M and the number of outstanding shares has been calculated to be 5,03,97,502 shares. The 52-week high of Acacia Research Corp is $10.63 and the 52-week low is $2.82.

Acacia Research Corp Money Flow Index Chart

Company has been under the radar of several Street Analysts.Acacia Research Corp is Upgraded by Northland Capital to Outperform. Earlier the firm had a rating of Market Perform on the company shares. The Rating was issued on May 23, 2016.

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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