ACTG RSI Chart
Last 7 days
-4.3%
Last 30 days
6.2%
Last 90 days
32.4%
Trailing 12 Months
30.7%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 85.9M | 0 | 53.9M | 130.3M |
2022 | 106.0M | 130.7M | 134.7M | 84.6M |
2021 | 107.6M | 122.9M | 115.3M | 98.3M |
2020 | 11.6M | 8.3M | 26.0M | 105.6M |
2019 | 101.4M | 71.4M | 41.3M | 11.2M |
2018 | 118.6M | 108.7M | 85.8M | 131.5M |
2017 | 136.8M | 111.9M | 83.9M | 65.4M |
2016 | 115.5M | 116.6M | 168.2M | 152.7M |
2015 | 152.5M | 142.8M | 118.6M | 125.0M |
2014 | 66.3M | 93.2M | 114.9M | 130.9M |
2013 | 228.5M | 201.2M | 181.8M | 130.6M |
2012 | 210.2M | 220.9M | 205.3M | 250.7M |
2011 | 153.2M | 177.9M | 164.6M | 172.3M |
2010 | 83.5M | 99.6M | 115.7M | 131.8M |
2009 | 0 | 0 | 0 | 67.3M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 21, 2024 | hoover kirsten | sold (taxes) | -17,311 | 5.18 | -3,342 | interim cfo |
Mar 21, 2024 | soncini jason w. | sold (taxes) | -31,841 | 5.18 | -6,147 | general counsel |
Mar 18, 2024 | soncini jason w. | sold (taxes) | -32,066 | 4.65 | -6,896 | general counsel |
Mar 11, 2024 | mcnulty martin d. jr. | sold (taxes) | -33,217 | 4.02 | -8,263 | interim ceo |
Mar 08, 2024 | hoover kirsten | sold (taxes) | -16,474 | 4.02 | -4,098 | interim cfo |
Mar 08, 2024 | soncini jason w. | sold (taxes) | -27,496 | 4.02 | -6,840 | general counsel |
Nov 13, 2023 | hoover kirsten | sold (taxes) | -12,552 | 3.63 | -3,458 | interim cfo |
Jul 13, 2023 | starboard value lp | acquired | 15,010,100 | 3.65 | 4,112,360 | - |
Jul 13, 2023 | starboard value lp | acquired | 25,517,200 | 3.65 | 6,991,010 | - |
Jul 13, 2023 | starboard principal co lp | acquired | 15,010,100 | 3.65 | 4,112,360 | - |
Which funds bought or sold ACTG recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Apr 11, 2024 | SALEM INVESTMENT COUNSELORS INC | new | - | 152,780 | 152,780 | -% |
Apr 05, 2024 | CWM, LLC | reduced | -22.61 | 2,000 | 34,000 | -% |
Mar 22, 2024 | PNC FINANCIAL SERVICES GROUP, INC. | unchanged | - | 409 | 5,931 | -% |
Mar 11, 2024 | VANGUARD GROUP INC | added | 1.17 | 697,492 | 8,757,060 | -% |
Mar 01, 2024 | GOLDMAN SACHS GROUP INC | added | 207 | 956,286 | 1,371,300 | -% |
Feb 28, 2024 | AMERICAN INTERNATIONAL GROUP, INC. | reduced | -0.4 | 4,827 | 74,068 | -% |
Feb 16, 2024 | PRICE T ROWE ASSOCIATES INC /MD/ | added | 1.85 | 21,000 | 237,000 | -% |
Feb 15, 2024 | Tidal Investments LLC | reduced | -3.77 | 67,679 | 2,091,100 | 0.05% |
Feb 15, 2024 | JANE STREET GROUP, LLC | reduced | -30.65 | -33,187 | 96,855 | -% |
Feb 15, 2024 | Legal & General Group Plc | unchanged | - | 940 | 13,642 | -% |
Unveiling Acacia Research Corp's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Peers (Alternatives to Acacia Research Corp)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
CARR | 49.8B | 22.1B | 34.61 | 2.26 | ||||
BLDR | 22.5B | 17.1B | 14.61 | 1.32 | ||||
HUBB | 21.6B | 5.4B | 28.43 | 4.02 | ||||
CSL | 17.8B | 4.8B | 23.22 | 3.68 | ||||
LECO | 13.6B | 4.2B | 24.9 | 3.24 | ||||
MID-CAP | ||||||||
AYI | 7.8B | 3.9B | 20.56 | 2.02 | ||||
AAON | 7.1B | 1.2B | 40.03 | 6.09 | ||||
ATKR | 6.5B | 3.5B | 9.88 | 1.86 | ||||
AEIS | 3.5B | 1.7B | 27.62 | 2.14 | ||||
PLUG | 2.0B | 891.3M | -1.42 | 2.19 | ||||
SMALL-CAP | ||||||||
APOG | 1.2B | 1.4B | 11.98 | 0.89 | ||||
ACTG | 493.5M | 130.3M | 7.36 | 3.79 | ||||
ACCO | 475.6M | 1.8B | -21.82 | 0.26 | ||||
FCEL | 460.9M | 103.0M | -4.5 | 4.47 | ||||
APT | 66.9M | 61.2M | 15.98 | 1.09 |
Acacia Research Corp News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 |
Revenue | 815.4% | 92,311,000 | 10,084,000 | 14,803,000 | 13,121,000 | 15,878,000 | 42,085,000 | 13,507,000 | 63,262,000 | 11,815,000 | 17,400,000 | 5,803,000 | 80,239,000 | 19,466,000 | 2,118,000 | 3,815,000 | 634,000 | 1,711,000 | 5,460,000 | 27,331,500 | 49,203,000 | 13,725,000 |
Cost Of Revenue | 144.6% | 24,081,000 | 9,847,000 | 9,958,000 | 9,476,000 | 9,930,000 | 9,226,000 | 8,756,000 | 13,780,000 | - | - | - | 4,415,000 | 14,556,000 | 3,347,000 | 2,506,000 | 3,794,000 | 2,186,000 | 5,671,000 | 6,637,000 | 36,407,000 | 12,833,000 |
Costs and Expenses | 33.7% | 34,102,000 | 25,504,000 | 24,127,000 | 27,670,000 | 27,243,000 | 22,387,000 | 22,015,000 | 31,963,000 | 14,304,000 | 15,756,000 | 11,479,000 | - | - | - | - | - | - | - | - | - | - |
Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,688,000 |
S&GA Expenses | -5.6% | 1,523,000 | 1,613,000 | 1,913,000 | 2,192,000 | 2,119,000 | 2,294,000 | 2,016,000 | 1,538,000 | - | - | - | 6,387,000 | 7,692,000 | 5,519,000 | 4,878,000 | 4,328,000 | 4,630,000 | 3,763,000 | 3,655,000 | 2,754,000 | 5,855,000 |
R&D Expenses | -17.4% | 142,000 | 172,000 | 216,000 | 135,000 | 156,000 | 145,000 | 190,000 | 200,000 | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBITDA Margin | 431.0% | 0.61 | -0.18 | -0.10 | -1.27 | 1.06 | 1.57 | 2.56 | 1.97 | 0.41 | -0.05 | -0.20 | - | - | - | - | - | - | - | - | - | - |
Interest Expenses | -100.0% | - | 130,000 | 900,000 | 900,000 | 1,072,000 | 1,859,000 | 2,601,000 | 2,780,000 | 2,378,000 | 1,607,000 | 1,157,000 | 6,958,000 | 2,410,000 | 768,000 | - | - | - | - | - | - | - |
Income Taxes | -988.8% | -2,145,000 | -197,000 | 2,483,000 | -1,812,000 | 679,000 | -200,000 | -14,878,000 | 23,756,000 | 11,000 | 510,000 | 10,000 | 98,000 | 83,000 | -2,000 | -1,338,000 | -2,147,000 | - | 9,000 | 314,000 | 397,000 | 306,000 |
Earnings Before Taxes | 2759.8% | 73,355,000 | 2,565,000 | 11,930,000 | -20,391,000 | 29,075,000 | -47,690,000 | -88,144,000 | 228,263,000 | 89,768,000 | 20,176,000 | -163,555,000 | 80,337,000 | 38,431,000 | 6,146,000 | -12,629,000 | -1,513,000 | -7,608,000 | -5,748,000 | -4,084,000 | -10,970,000 | -32,558,000 |
EBT Margin | 205.9% | 0.52 | -0.49 | -0.32 | -1.50 | 0.90 | 1.39 | 2.36 | 1.78 | 0.23 | -0.20 | -0.36 | - | - | - | - | - | - | - | - | - | - |
Net Income | 4469.4% | 74,756,000 | 1,636,000 | 9,447,000 | -18,386,000 | 28,090,000 | -61,503,000 | -73,266,000 | 204,245,000 | 89,757,000 | 19,660,000 | -164,465,000 | 80,239,000 | 38,348,000 | 6,148,000 | -11,291,000 | 634,000 | -7,608,000 | -5,757,000 | -4,384,000 | -11,369,000 | -33,195,000 |
Net Income Margin | 206.3% | 0.51 | -0.48 | -0.49 | -1.48 | 0.72 | 1.22 | 2.27 | 1.52 | 0.22 | -0.21 | -0.37 | - | - | - | - | - | - | - | - | - | - |
Free Cashflow | -500.1% | -4,581,000 | 1,145,000 | -4,432,000 | -23,918,000 | 3,813,000 | -14,766,000 | -3,197,000 | 22,580,000 | -1,273,000 | -1,919,000 | -6,153,000 | - | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 19.7% | 634 | 529 | 535 | 557 | 483 | 485 | 562 | 661 | 799 | 746 | 624 | 565 | 511 | 427 | 394 | 214 | 218 | 187 | 204 | 219 | 224 |
Current Assets | 14.5% | 555 | 484 | 486 | 505 | 428 | 427 | 500 | 597 | 731 | 669 | 544 | 483 | 458 | 366 | 364 | 162 | 173 | 173 | 184 | 196 | 201 |
Cash Equivalents | -1.3% | 340 | 345 | 355 | 364 | 288 | 242 | 264 | 289 | 309 | 254 | 222 | 180 | 201 | 163 | 164 | 59.00 | 92.00 | 67.00 | 63.00 | 73.00 | 129 |
Inventory | -11.7% | 11.00 | 12.00 | 14.00 | 15.00 | 14.00 | 14.00 | 12.00 | 10.00 | 9.00 | - | - | - | - | - | - | - | - | - | - | - | - |
Net PPE | -11.0% | 2.00 | 3.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | - | - | - | 0.00 | - | - | - | - | - | - | - | - |
Goodwill | 19.2% | 9.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 8.00 | 7.00 | 7.00 | - | - | - | - | - | - | - | - | - | - | - |
Liabilities | 72.0% | 44.00 | 26.00 | 176 | 179 | 194 | 184 | 276 | 300 | 354 | 500 | 468 | 429 | 212 | 214 | 220 | 43.00 | 35.00 | 13.00 | 22.00 | 32.00 | 33.00 |
Current Liabilities | 28.9% | 28.00 | 21.00 | 78.00 | 90.00 | 87.00 | 85.00 | 136 | 194 | 200 | 204 | 171 | 138 | 125 | 138 | 123 | 11.00 | 12.00 | 11.00 | 20.00 | 31.00 | 31.00 |
Shareholder's Equity | 19.7% | 590 | 493 | 335 | 356 | 258 | 282 | 268 | 345 | 430 | 232 | 143 | 124 | 288 | 202 | 165 | 162 | 175 | 174 | 182 | 187 | 191 |
Retained Earnings | 23.8% | -239 | -314 | -316 | -297 | -306 | -288 | -316 | -254 | -181 | -385 | -475 | -495 | -330 | -406 | -444 | -450 | -439 | -440 | -432 | -426 | -422 |
Additional Paid-In Capital | 0.1% | 906 | 905 | 739 | 740 | 663 | 644 | 646 | 648 | 648 | 649 | 650 | 651 | 651 | 650 | 651 | 651 | 652 | 652 | 652 | 651 | 651 |
Shares Outstanding | 0.0% | 100 | 100 | 59.00 | 59.00 | 43.00 | 43.00 | 45.00 | 47.00 | 49.00 | 49.00 | 49.00 | 49.00 | - | - | - | - | - | - | - | - | - |
Minority Interest | 93.3% | 21.00 | 11.00 | 11.00 | 11.00 | 11.00 | 25.00 | 25.00 | 11.00 | 11.00 | 12.00 | 12.00 | 12.00 | 11.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
Float | - | - | - | - | - | - | - | 201 | - | - | - | 330 | - | - | - | 199 | - | - | - | 148 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | -491.7% | -4,544 | 1,160 | -14,773 | -4,349 | -23,738 | 3,955 | -14,390 | -3,163 | 22,604 | -1,251 | -1,907 | -6,120 | -25,169 | 12,692 | -4,932 | -2,211 | -840 | -65.75 | -66.03 | -1,958 | 13,378 |
Share Based Compensation | 1281.3% | 1,741 | 126 | 186 | 477 | 1,017 | 575 | 570 | 1,174 | 1,283 | -193 | 4.00 | 450 | 419 | 488 | 423 | 332 | 322 | 300 | 461 | -8.00 | -489 |
Cashflow From Investing | 1358.1% | 7,561 | -601 | 6,435 | 2,783 | 60,211 | 45,706 | 68,616 | 9,931 | 37,140 | -1,361 | 13,912 | -13,940 | 28,413 | 21,059 | -31,381 | 507 | -10,691 | 4.00 | 625* | -53,566 | 5,869 |
Cashflow From Financing | 29.6% | -7,719 | -10,971 | -673 | 77,995 | 8,470 | -68,197 | -79,650 | -26,760 | -4,679 | 34,846 | 29,831 | -260 | -262 | -467 | 106,915 | 3,023 | 33,881 | 79* | 79* | - | - |
Dividend Payments | - | - | - | 700 | 700 | 700 | 700 | 699 | 700 | 667 | 262 | 263 | 260 | 262 | 467 | 390 | 263 | - | - | - | - | - |
Buy Backs | - | - | - | - | - | - | 11,480 | 28,520 | 10,988 | 4,012 | - | - | - | - | -500* | 2,685 | 1,314 | - | - | - | - | -114 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | |
---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | |
Revenues: | ||
Total revenues | $ 125,102 | $ 59,223 |
Costs and expenses: | ||
Cost of revenues - intellectual property operations | 52,829 | 37,388 |
Engineering and development expenses - industrial operations | 735 | 626 |
Sales and marketing expenses - industrial operations | 6,908 | 8,621 |
General and administrative expenses | 43,694 | 52,680 |
Total costs and expenses | 104,166 | 99,315 |
Operating income (loss) | 20,936 | (40,092) |
Equity securities investments: | ||
Change in fair value of equity securities | 31,423 | (263,695) |
(Loss) gain on sale of equity securities | (10,930) | 125,318 |
Earnings on equity investment in joint venture | 4,167 | 42,531 |
Net realized and unrealized gain (loss) | 24,660 | (95,846) |
Change in fair value of the Series A and B warrants and embedded derivatives | 8,241 | 13,102 |
Gain (loss) on foreign currency exchange | 53 | (3,324) |
Interest expense on Senior Secured Notes | (1,930) | (6,432) |
Interest income and other, net | 15,466 | 5,442 |
Total other income (expense) | 46,490 | (87,058) |
Income (loss) before income taxes | 67,426 | (127,150) |
Income tax benefit | 1,504 | 16,211 |
Net income (loss) including noncontrolling interests in subsidiaries | 68,930 | (110,939) |
Net income attributable to noncontrolling interests in subsidiaries | (1,870) | (14,126) |
Net income (loss) attributable to Acacia Research Corporation | 67,060 | (125,065) |
Income (loss) per share: | ||
Net income (loss) attributable to common stockholders - Basic | $ 55,140 | $ (133,035) |
Weighted average number of shares outstanding - Basic | 75,296,025 | 42,460,504 |
Basic net income (loss) per common share (in usd per share) | $ 0.73 | $ (3.13) |
Net income (loss) attributable to common stockholders - Diluted | $ 53,208 | $ (133,035) |
Weighted average number of shares outstanding - Diluted | 92,411,818 | 42,460,504 |
Diluted net income (loss) per common share (in usd per share) | $ 0.58 | $ (3.13) |
Intellectual property operations | ||
Revenues: | ||
Total revenues | $ 89,156 | $ 19,508 |
Costs and expenses: | ||
Cost of revenues - intellectual property operations | 34,164 | 18,029 |
Industrial operations | ||
Revenues: | ||
Total revenues | 35,098 | 39,715 |
Costs and expenses: | ||
Cost of revenues - intellectual property operations | 18,009 | 19,359 |
Energy operations | ||
Revenues: | ||
Total revenues | 848 | 0 |
Costs and expenses: | ||
Cost of revenues - intellectual property operations | $ 656 | $ 0 |
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
Current assets: | ||
Cash and cash equivalents | $ 340,091 | $ 287,786 |
Equity securities | 63,068 | 61,608 |
Equity securities without readily determinable fair value | 5,816 | 5,816 |
Equity method investments | 30,934 | 30,934 |
Accounts receivable, net | 80,555 | 8,231 |
Inventories | 10,921 | 14,222 |
Prepaid expenses and other current assets | 23,127 | 19,388 |
Total current assets | 554,512 | 427,985 |
Property, plant and equipment, net | 2,356 | 3,537 |
Oil and natural gas properties, net | 25,117 | 0 |
Goodwill | 8,990 | 7,541 |
Other intangible assets, net | 33,556 | 36,658 |
Operating lease, right-of-use assets | 1,872 | 2,005 |
Deferred income tax assets, net | 2,915 | 0 |
Other non-current assets | 4,227 | 5,202 |
Total assets | 633,545 | 482,928 |
Current liabilities: | ||
Accounts payable | 3,261 | 6,036 |
Accrued expenses and other current liabilities | 8,405 | 14,058 |
Accrued compensation | 4,207 | 4,737 |
Royalties and contingent legal fees payable | 10,786 | 699 |
Accrued patent costs | 4,000 | 9,000 |
Deferred revenue | 977 | 1,229 |
Senior secured notes payable | 0 | 60,450 |
Total current liabilities | 27,636 | 87,209 |
Deferred revenue, net of current portion | 458 | 568 |
Series A embedded derivative liabilities | 0 | 16,835 |
Series B warrant liabilities | 0 | 84,780 |
Long-term lease liabilities | 1,736 | 1,873 |
Deferred income tax liabilities, net | 0 | 742 |
Revolving credit facility | 10,525 | 0 |
Other long-term liabilities | 3,581 | 1,675 |
Total liabilities | 43,936 | 193,682 |
Commitments and contingencies | ||
Series A redeemable convertible preferred stock, par value $0.001 per share; stated value $100 per share; zero and 350,000 shares authorized, issued and outstanding as of December 31, 2023 and 2022, respectively; aggregate liquidation preference of zero and $35,000 as of December 31, 2023 and 2022, respectively | 0 | 19,924 |
Stockholders' equity: | ||
Preferred stock, par value $0.001 per share; 10,000,000 shares authorized; no shares issued or outstanding | 0 | 0 |
Common stock, par value $0.001 per share; 300,000,000 shares authorized; 99,895,473 and 43,484,867 shares issued and outstanding as of December 31, 2023 and 2022, respectively | 100 | 43 |
Treasury stock, at cost, 16,183,703 shares as of December 31, 2023 and 2022 | (98,258) | (98,258) |
Additional paid-in capital | 906,153 | 663,284 |
Accumulated deficit | (239,729) | (306,789) |
Total Acacia Research Corporation stockholders' equity | 568,266 | 258,280 |
Noncontrolling interests | 21,343 | 11,042 |
Total stockholders' equity | 589,609 | 269,322 |
Total liabilities, redeemable convertible preferred stock, and stockholders' equity | $ 633,545 | $ 482,928 |
Treasury Stock, Common, Shares | 16,183,703 |