Activist Starboard Value Takes Position in Acacia Research (ACTG)

By 247patrick Published Nov 9, 9:12PM EST

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Activist Starboard Value Takes Position in Acacia Research (ACTG) — © fizkes / iStock via Getty Images

Fintel reports that activist investor Starboard Value LP has filed a 13D form with the SEC disclosing ownership of 5,000,000 shares of Acacia Research Corp (ACTG). This represents 11.5% of the company.

What are other large shareholders doing?

Invesco Ltd. holds 2,635,234 shares representing 6.84% ownership of the company. In it’s prior filing, the firm reported owning 2,637,106 shares, representing a decrease of 0.07%. The firm increased its portfolio allocation in ACTG by 32.65% over the last quarter.

AIM INTERNATIONAL MUTUAL FUNDS (INVESCO INTERNATIONAL MUTUAL FUNDS) – Invesco Oppenheimer Global Opportunities Fund Class R5 holds 2,500,000 shares representing 6.49% ownership of the company. No change in the last quarter.

Vanguard Group Inc holds 2,002,561 shares representing 5.20% ownership of the company. In it’s prior filing, the firm reported owning 2,536,626 shares, representing a decrease of 26.67%. The firm increased its portfolio allocation in ACTG by 4.85% over the last quarter.

Renaissance Technologies Llc holds 1,995,698 shares representing 5.18% ownership of the company. In it’s prior filing, the firm reported owning 1,980,900 shares, representing an increase of 0.74%. The firm increased its portfolio allocation in ACTG by 13.57% over the last quarter.

Formidable Asset Management, LLC holds 1,989,604 shares representing 5.16% ownership of the company. In it’s prior filing, the firm reported owning 1,948,076 shares, representing an increase of 2.09%. The firm increased its portfolio allocation in ACTG by 33.30% over the last quarter.

What is the overall institutional sentiment?

There are 220 funds or institutions reporting positions in Acacia Research Corp. This is a decrease of 7 owner(s) or 3.08%.

Average portfolio weight of all funds dedicated to Acacia Research Corp is 0.0974%, an increase of 24.4975%. Total shares owned by institutions decreased in the last three months by 17.82% to 27,541,636 shares.

This article originally appeared on Fintel

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google