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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 9/10

vs
industry
vs
history
Cash to Debt No Debt
ACTG's Cash to Debt is ranked higher than
93% of the 959 Companies
in the Global Business Services industry.

( Industry Median: 1.72 vs. ACTG: No Debt )
ACTG' s 10-Year Cash to Debt Range
Min: 6.14   Max: No Debt
Current: No Debt

Equity to Asset 0.94
ACTG's Equity to Asset is ranked higher than
98% of the 937 Companies
in the Global Business Services industry.

( Industry Median: 0.49 vs. ACTG: 0.94 )
ACTG' s 10-Year Equity to Asset Range
Min: 0.53   Max: 0.94
Current: 0.94

0.53
0.94
Interest Coverage No Debt
ACTG's Interest Coverage is ranked higher than
86% of the 675 Companies
in the Global Business Services industry.

( Industry Median: 21.89 vs. ACTG: No Debt )
ACTG' s 10-Year Interest Coverage Range
Min: 9999.99   Max: 9999.99
Current: No Debt

F-Score: 2
Z-Score: 13.19
M-Score: -7.50
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 4/10

vs
industry
vs
history
Operating margin (%) -63.52
ACTG's Operating margin (%) is ranked lower than
64% of the 950 Companies
in the Global Business Services industry.

( Industry Median: 7.12 vs. ACTG: -63.52 )
ACTG' s 10-Year Operating margin (%) Range
Min: -65198.25   Max: 32.07
Current: -63.52

-65198.25
32.07
Net-margin (%) -43.23
ACTG's Net-margin (%) is ranked lower than
63% of the 950 Companies
in the Global Business Services industry.

( Industry Median: 4.59 vs. ACTG: -43.23 )
ACTG' s 10-Year Net-margin (%) Range
Min: -68349.12   Max: 51.43
Current: -43.23

-68349.12
51.43
ROE (%) -10.16
ACTG's ROE (%) is ranked lower than
59% of the 919 Companies
in the Global Business Services industry.

( Industry Median: 10.28 vs. ACTG: -10.16 )
ACTG' s 10-Year ROE (%) Range
Min: -64.78   Max: 43.9
Current: -10.16

-64.78
43.9
ROA (%) -9.51
ACTG's ROA (%) is ranked lower than
60% of the 965 Companies
in the Global Business Services industry.

( Industry Median: 4.48 vs. ACTG: -9.51 )
ACTG' s 10-Year ROA (%) Range
Min: -39.55   Max: 40
Current: -9.51

-39.55
40
ROC (Joel Greenblatt) (%) -10826.50
ACTG's ROC (Joel Greenblatt) (%) is ranked lower than
66% of the 960 Companies
in the Global Business Services industry.

( Industry Median: 33.29 vs. ACTG: -10826.50 )
ACTG' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: -10826.5   Max: 28608.15
Current: -10826.5

-10826.5
28608.15
Revenue Growth (%) -10.30
ACTG's Revenue Growth (%) is ranked lower than
56% of the 727 Companies
in the Global Business Services industry.

( Industry Median: 6.20 vs. ACTG: -10.30 )
ACTG' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 217.5
Current: -10.3

0
217.5
» ACTG's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

ACTG Guru Trades in Q1 2013

John Rogers 6,976 sh (New)
Steven Cohen 6,905 sh (New)
Chuck Royce 2,100 sh (+31.25%)
George Soros 3,627,793 sh (-8.75%)
Ron Baron 1,000,000 sh (-25.14%)
Jim Simons 120,000 sh (-54.18%)
Joel Greenblatt 13,311 sh (-92%)
» More
Q2 2013

ACTG Guru Trades in Q2 2013

Chuck Royce 1,097,082 sh (+52142%)
John Rogers 14,055 sh (+101.48%)
Ron Baron 1,000,000 sh (unchged)
Steven Cohen Sold Out
Joel Greenblatt Sold Out
Jim Simons 85,500 sh (-28.75%)
George Soros 2,324,900 sh (-35.91%)
» More
Q3 2013

ACTG Guru Trades in Q3 2013

John Rogers 89,386 sh (+535.97%)
Chuck Royce 5,496,318 sh (+400.99%)
George Soros Sold Out
Jim Simons Sold Out
Ron Baron 750,000 sh (-25%)
» More
Q4 2013

ACTG Guru Trades in Q4 2013

Jim Simons 241,900 sh (New)
Richard Snow 88,035 sh (New)
Paul Tudor Jones 42,700 sh (New)
John Rogers 825,734 sh (+823.78%)
Chuck Royce 6,440,583 sh (+17.18%)
George Soros 190,000 sh (unchged)
Ron Baron Sold Out
» More
» Details

Insider Trades

Latest Guru Trades with ACTG

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Ron Baron 2013-12-31 Sold Out 0.08%$12.67 - $22.55 $ 17.069%0
George Soros 2013-09-30 Sold Out 0.56%$21.41 - $25.43 $ 17.06-25%0
Ron Baron 2013-09-30 Reduce -25%0.03%$21.41 - $25.43 $ 17.06-25%750000
George Soros 2013-06-30 Reduce -35.91%0.47%$21.49 - $30.29 $ 17.06-32%2324900
Joel Greenblatt 2013-06-30 Sold Out 0.02%$21.49 - $30.29 $ 17.06-32%0
Joel Greenblatt 2013-03-31 Reduce -92%0.23%$24.77 - $30.67 $ 17.06-38%13311
George Soros 2013-03-31 Reduce -8.75%0.11%$24.77 - $30.67 $ 17.06-38%3627793
Ron Baron 2013-03-31 Reduce -25.14%0.06%$24.77 - $30.67 $ 17.06-38%1000000
Ron Baron 2012-12-31 Add 103.78%0.11%$20.42 - $26.58 $ 17.06-28%1335772
George Soros 2012-09-30 Add 20.8%0.29%$23.61 - $41.5 $ 17.06-44%3913037
Joel Greenblatt 2012-09-30 Add 427.5%0.23%$23.61 - $41.5 $ 17.06-44%152073
George Soros 2012-06-30 Add 27.95%0.37%$32.84 - $42.35 $ 17.06-54%3239179
Joel Greenblatt 2012-06-30 New Buy0.08%$32.84 - $42.35 $ 17.06-54%28829
George Soros 2012-03-31 Add 531.5%1.26%$35.54 - $43.34 $ 17.06-54%2531518
Ron Baron 2012-03-31 Add 24.86%0.03%$35.54 - $43.34 $ 17.06-54%655500
George Soros 2011-12-31 Reduce -47.95%0.23%$28.76 - $42.81 $ 17.06-52%400873
Ron Baron 2011-12-31 New Buy0.12%$28.76 - $42.81 $ 17.06-52%525000
George Soros 2011-09-30 Reduce -50.46%0.4%$34.01 - $46.47 $ 17.06-58%770125
George Soros 2011-03-31 Add 179.65%0.39%$23.69 - $35.82 $ 17.06-41%1493919
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on Acacia Research Corporation

Baron Funds Comments on Acacia Research Corp. - Dec 07, 2012

Acacia Research Corp. (ACTG), a leader in intellectual property (IP) monetization, declined after the company reported a confusing quarter. Revenues were down and below expectations, but we believe that the licensing deals it is working on are increasingly complex, so it's to be expected that revenues will be lumpy. We like the company's move to acquire IP. In fact, we participated in a private placement to help fund this initiative, and we still expect great returns from these investments and continued growth in Acacia's base outsourcing business.

From Baron Funds third quarter letter.


Check out Ron Baron latest stock trades

Top Ranked Articles about Acacia Research Corporation

Chuck Royce's Top Five Second Quarter Portfolio Increases
Chuck Royce of Royce & Associates grew his large portfolio even more so over the second quarter. The guru now holds on to a considerable 1,438 stocks, purchasing 148 over the duration of the second quarter. His portfolio is currently valued at over $32 billion. Read more...

Ratios

vs
industry
vs
history
P/B 1.50
ACTG's P/B is ranked higher than
74% of the 899 Companies
in the Global Business Services industry.

( Industry Median: 2.50 vs. ACTG: 1.50 )
ACTG' s 10-Year P/B Range
Min: 1.09   Max: 9.55
Current: 1.5

1.09
9.55
P/S 6.29
ACTG's P/S is ranked lower than
85% of the 948 Companies
in the Global Business Services industry.

( Industry Median: 1.32 vs. ACTG: 6.29 )
ACTG' s 10-Year P/S Range
Min: 1.32   Max: 228
Current: 6.29

1.32
228
EV-to-EBIT 20.80
ACTG's EV-to-EBIT is ranked lower than
55% of the 843 Companies
in the Global Business Services industry.

( Industry Median: 15.40 vs. ACTG: 20.80 )
ACTG' s 10-Year EV-to-EBIT Range
Min: 8.9   Max: 54.7
Current: 20.8

8.9
54.7
Shiller P/E 121.70
ACTG's Shiller P/E is ranked lower than
76% of the 469 Companies
in the Global Business Services industry.

( Industry Median: 24.20 vs. ACTG: 121.70 )
ACTG' s 10-Year Shiller P/E Range
Min: 64.26   Max: 219.68
Current: 121.7

64.26
219.68

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 2.93
ACTG's Dividend Yield is ranked higher than
70% of the 638 Companies
in the Global Business Services industry.

( Industry Median: 2.19 vs. ACTG: 2.93 )
ACTG' s 10-Year Dividend Yield Range
Min: 0.5   Max: 2.95
Current: 2.93

0.5
2.95
Yield on cost (5-Year) 2.90
ACTG's Yield on cost (5-Year) is ranked higher than
60% of the 660 Companies
in the Global Business Services industry.

( Industry Median: 2.64 vs. ACTG: 2.90 )
ACTG' s 10-Year Yield on cost (5-Year) Range
Min: 0.5   Max: 2.95
Current: 2.9

0.5
2.95
Share Buyback Rate -11.10
ACTG's Share Buyback Rate is ranked lower than
51% of the 673 Companies
in the Global Business Services industry.

( Industry Median: -0.70 vs. ACTG: -11.10 )
ACTG' s 10-Year Share Buyback Rate Range
Min: -0.9   Max: -87.5
Current: -11.1

Valuation & Return

vs
industry
vs
history
Price/Net Cash 3.90
ACTG's Price/Net Cash is ranked higher than
81% of the 166 Companies
in the Global Business Services industry.

( Industry Median: 12.30 vs. ACTG: 3.90 )
ACTG' s 10-Year Price/Net Cash Range
Min: 1.43   Max: 12.62
Current: 3.9

1.43
12.62
Price/Net Current Asset Value 3.80
ACTG's Price/Net Current Asset Value is ranked higher than
80% of the 222 Companies
in the Global Business Services industry.

( Industry Median: 8.90 vs. ACTG: 3.80 )
ACTG' s 10-Year Price/Net Current Asset Value Range
Min: 1.43   Max: 12.5
Current: 3.8

1.43
12.5
Price/Tangible Book 3.60
ACTG's Price/Tangible Book is ranked higher than
56% of the 678 Companies
in the Global Business Services industry.

( Industry Median: 3.60 vs. ACTG: 3.60 )
ACTG' s 10-Year Price/Tangible Book Range
Min: 1.37   Max: 10.25
Current: 3.6

1.37
10.25
Price/DCF (Projected) 2.00
ACTG's Price/DCF (Projected) is ranked lower than
55% of the 514 Companies
in the Global Business Services industry.

( Industry Median: 1.40 vs. ACTG: 2.00 )
ACTG' s 10-Year Price/DCF (Projected) Range
Min: 1.68   Max: 10.38
Current: 2

1.68
10.38
Price/Median PS Value 0.90
ACTG's Price/Median PS Value is ranked higher than
85% of the 897 Companies
in the Global Business Services industry.

( Industry Median: 1.10 vs. ACTG: 0.90 )
ACTG' s 10-Year Price/Median PS Value Range
Min: 0.25   Max: 24.77
Current: 0.9

0.25
24.77
Earnings Yield (Greenblatt) 4.80
ACTG's Earnings Yield (Greenblatt) is ranked lower than
51% of the 848 Companies
in the Global Business Services industry.

( Industry Median: 6.60 vs. ACTG: 4.80 )
ACTG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.8   Max: 11.2
Current: 4.8

1.8
11.2
Forward Rate of Return (Yacktman) -2.10
ACTG's Forward Rate of Return (Yacktman) is ranked higher than
54% of the 660 Companies
in the Global Business Services industry.

( Industry Median: 6.90 vs. ACTG: -2.10 )
ACTG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -7.8   Max: -0.8
Current: -2.1

-7.8
-0.8

Business Description

Industry: Business Services » Business Services
Compare:ADP, G, ENV, CMPGY, SGSOY » details
Traded in other countries:AZG2.Germany
Acacia Research Corporation was originally incorporated in California in January 1993 and reincorporated in Delaware in December 1999. The Company through its operating subsidiaries acquires, develops, licenses and enforces patented technologies. The Company's operating subsidiaries generate license fee revenues and related cash flows from the granting of licenses for the use of patented technologies that its operating subsidiaries own or control. The operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the enforcement against unauthorized users of their patented technologies. The Company is in the business of licensing patented technologies and has processed over 1,225 license agreements execution to date, across 143 of its technology license programs. Currently, on a consolidated basis, the company's operating subsidiaries own or control the rights to over 250 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a variety of industries.

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