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.
![Acacia Research logo](/files/LOGO/934549-ACTG.png)
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/A
Financial Statements and Exhibits
3 Jul 24
S-8
Registration of securities for employees
5 Jun 24
S-8
Registration of securities for employees
5 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
22 May 24
8-K
Acacia Research Reports First Quarter 2024 Financial Results
9 May 24
DEF 14A
Definitive proxy
18 Apr 24
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
Transcripts
ACTG
Earnings call transcript
2024 Q1
9 May 24
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
Latest ownership filings
Financial summary
Quarter (USD) | Dec 23 | Sep 23 | Jun 23 | Mar 23 | |
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Cost of revenue | |||||
Operating income | |||||
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Net income | |||||
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Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 340.09 mm | 340.09 mm | 340.09 mm | 340.09 mm | 340.09 mm | 340.09 mm |
Cash burn (monthly) | 1.55 mm | (no burn) | (no burn) | (no burn) | 1.51 mm | 1.88 mm |
Cash used (since last report) | 10.63 mm | n/a | n/a | n/a | 10.40 mm | 12.88 mm |
Cash remaining | 329.46 mm | n/a | n/a | n/a | 329.69 mm | 327.21 mm |
Runway (months of cash) | 212.9 | n/a | n/a | n/a | 217.7 | 174.5 |
Institutional ownership, Q1 2024
75.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 51 |
Opened positions | 16 |
Closed positions | 28 |
Increased positions | 11 |
Reduced positions | 17 |
13F shares | Current |
---|---|
Total value | 67.71 bn |
Total shares | 75.34 mm |
Total puts | 20.30 k |
Total calls | 54.30 k |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Starboard Value | 61.12 mm | $255.50 mm |
BLK Blackrock | 2.44 mm | $13.03 bn |
Vanguard | 2.25 mm | $11.98 bn |
Dimensional Fund Advisors | 1.54 mm | $8.20 bn |
Renaissance Technologies | 1.50 mm | $8.02 mm |
Royce & Associates | 1.41 mm | $7.54 bn |
Pacific Ridge Capital Partners | 1.05 mm | $5.60 bn |
Geode Capital Management | 902.48 k | $4.81 bn |
Fuller & Thaler Asset Management | 518.64 k | $2.76 bn |
Acuitas Investments | 495.22 k | $2.64 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
7 Jun 24 | Geoffrey G Ribar | ACTG Common Stock | Grant | Acquire A | No | No | 0 | 23,121 | 0.00 | 53,655 |
7 Jun 24 | Oconnell Maureen | ACTG Common Stock | Grant | Acquire A | No | No | 0 | 23,121 | 0.00 | 240,431 |
7 Jun 24 | Isaac T. Kohlberg | ACTG Common Stock | Grant | Acquire A | No | No | 0 | 23,121 | 0.00 | 84,274 |
7 Jun 24 | Kirsten Hoover | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 5.19 | 6,445 | 33.45 k | 102,303 |
7 Jun 24 | Martin D. Jr. McNulty | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 5.19 | 10,506 | 54.53 k | 187,621 |