acacia research corporation (nasdaq: actg) is the industry leader in patent licensing. by partnering with patent owners, acacia applies its deep legal and technology expertise to patent assets to unlock financial value. an intermediary in the patent market, acacia facilitates efficiency and delivers monetary rewards to the patent owner. with this strategy, acacia has generated over $1,200,000,000 revenue to date, and has returned more than $705,000,000 to our patent partners.
Company profile
Ticker
ACTG
Exchange
Website
CEO
Clifford Press
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Merton Acquisition Holdco LLC ...
IRS number
954405754
ACTG stock data
Latest filings (excl ownership)
8-K
Acacia Research Announces Closing of Benchmark Energy’s Transformative Acquisition in the Western Anadarko Basin
17 Apr 24
10-K
2023 FY
Annual report
14 Mar 24
8-K
Results of Operations and Financial Condition
14 Mar 24
8-K
Acacia Research Reports Fourth Quarter 2023 Financial Results
14 Mar 24
8-K
Transformative Acquisition in the Western Anadarko Basin
20 Feb 24
8-K
Departure of Directors or Certain Officers
15 Feb 24
8-K
Acacia Research Appoints Martin (“MJ”) D. McNulty, Jr. to Board of Directors, Named Permanent CEO
14 Feb 24
8-K
Completion of Acquisition or Disposition of Assets
22 Jan 24
10-Q
2023 Q3
Quarterly report
13 Nov 23
8-K
Acacia Research Reports Third Quarter 2023 Financial Results
13 Nov 23
Transcripts
ACTG
Earnings call transcript
2023 Q4
14 Mar 24
ACTG
Earnings call transcript
2023 Q3
13 Nov 23
ACTG
Earnings call transcript
2023 Q2
3 Aug 23
ACTG
Earnings call transcript
2023 Q1
11 May 23
ACTG
Earnings call transcript
2022 Q4
16 Mar 23
ACTG
Earnings call transcript
2022 Q3
10 Nov 22
ACTG
Earnings call transcript
2022 Q2
11 Aug 22
ACTG
Earnings call transcript
2022 Q1
12 May 22
ACTG
Earnings call transcript
2021 Q4
31 Mar 22
ACTG
Earnings call transcript
2021 Q3
16 Nov 21
Latest ownership filings
4
Kirsten Hoover
25 Mar 24
4
Jason W. Soncini
25 Mar 24
4
Jason W. Soncini
18 Mar 24
4
Martin D. Jr. McNulty
11 Mar 24
4
Jason W. Soncini
11 Mar 24
4
Kirsten Hoover
11 Mar 24
3
Ajay Sundar
15 Feb 24
SC 13D/A
Starboard Value LP
15 Feb 24
13F-HR
Quarterly holdings report by institutional manager
14 Nov 23
4
Kirsten Hoover
14 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Operating income | |||||
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Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 344.73 mm | 344.73 mm | 344.73 mm | 344.73 mm | 344.73 mm | 344.73 mm |
Cash burn (monthly) | 3.49 mm | (no burn) | 5.14 mm | 3.69 mm | (no burn) | 3.48 mm |
Cash used (since last report) | 23.16 mm | n/a | 34.16 mm | 24.54 mm | n/a | 23.09 mm |
Cash remaining | 321.57 mm | n/a | 310.57 mm | 320.20 mm | n/a | 321.64 mm |
Runway (months of cash) | 92.3 | n/a | 60.4 | 86.7 | n/a | 92.6 |
Institutional ownership, Q2 2023
44.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 84 |
Opened positions | 23 |
Closed positions | 19 |
Increased positions | 25 |
Reduced positions | 23 |
13F shares | Current |
---|---|
Total value | 179.42 bn |
Total shares | 44.82 mm |
Total puts | 900.00 |
Total calls | 25.70 k |
Total put/call ratio | 0.0 |
Largest owners | Shares | Value |
---|---|---|
Starboard Value | 20.00 mm | $83.20 bn |
BLK Blackrock | 2.68 mm | $11.14 bn |
Vanguard | 2.66 mm | $11.06 bn |
ArrowMark Colorado | 2.03 mm | $8.46 bn |
Formidable Asset Management | 1.73 mm | $7.19 bn |
Renaissance Technologies | 1.65 mm | $6.84 mm |
Dimensional Fund Advisors | 1.57 mm | $6.54 bn |
STT State Street | 1.22 mm | $5.08 bn |
Pacific Ridge Capital Partners | 1.17 mm | $4.85 bn |
Portolan Capital Management | 1.12 mm | $4.67 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Mar 24 | Jason W. Soncini | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 5.18 | 6,147 | 31.84 k | 221,661 |
21 Mar 24 | Kirsten Hoover | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 5.18 | 3,342 | 17.31 k | 108,748 |
18 Mar 24 | Jason W. Soncini | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 4.65 | 6,896 | 32.07 k | 227,808 |
11 Mar 24 | Martin D. Jr. McNulty | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 4.02 | 8,263 | 33.22 k | 179,165 |
8 Mar 24 | Kirsten Hoover | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 4.02 | 4,098 | 16.47 k | 112,090 |
News
Craig-Hallum Maintains Buy on Acacia Research, Raises Price Target to $7
15 Mar 24
Acacia Research: Q4 Earnings Insights
14 Mar 24
Acacia Research Q4 EPS $0.75 Beats $0.07 Estimate, Sales $92.31M Up From $13.12M YoY
14 Mar 24
Earnings Scheduled For March 14, 2024
14 Mar 24
Earnings Outlook For Acacia Research
13 Mar 24
Press releases
Acacia Research Announces Closing of Benchmark Energy's Transformative Acquisition in the Western Anadarko Basin
17 Apr 24
Acacia Research Appoints Martin ("MJ") D. McNulty, Jr. to Board of Directors, Named Permanent CEO
14 Feb 24
Acacia Research Announces Licensing and Settlement Agreements Related to WiFi-6 Patents
7 Feb 24