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24.67 (1y: -32%)
Market Cap 1.22 B P/E(ttm) 81.90
Enterprise Value 839.94 M P/B 1.90
ACTG- NAS (USA)
Acacia Research Coroporation
  • Currently 1/5
Business Predictability Rank: 1-Star (On Watch)
Back Testing Results:
Average gain of all 1-Star stocks: 1.1% per year.
% of Stocks that are in still loss if held for 10yrs: 45%.
Read more:
What is Predictability Rank?
Performances of real portfolio
Top Ranked Predictable Companies
$24.67
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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
69% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 6.30 vs. ACTG: No Debt )
ACTG' s 10-Year Cash to Debt Range
Min: 30.43   Max: No Debt
Current: No Debt
Equity to Asset 0.401
ACTG's Equity to Asset is ranked higher than
67% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 0.37 vs. ACTG: 0.401 )
ACTG' s 10-Year Equity to Asset Range
Min: 0.38   Max: 0.84
Current: 0.4
0.38
0.84
Interest Coverage No Debt
ACTG's Interest Coverage is ranked higher than
62% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 61.10 vs. ACTG: No Debt )
ACTG' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
F-Score: 4
Z-Score: 8.67
M-Score: 55.38
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 : 6/10

vs
industry		 vs
history
Operating margin (%) 32.10
ACTG's Operating margin (%) is ranked lower than
90% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 6.70 vs. ACTG: 32.10 )
ACTG' s 10-Year Operating margin (%) Range
Min: -65198.2   Max: 32.1
Current: 32.1
-65198.2
32.1
Net-margin (%) 23.7
ACTG's Net-margin (%) is ranked lower than
88% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 4.40 vs. ACTG: 23.7 )
ACTG' s 10-Year Net-margin (%) Range
Min: -68349.1   Max: 25.8
Current: 23.7
-68349.1
25.8
ROE (%) 9.7
ACTG's ROE (%) is ranked lower than
77% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 8.80 vs. ACTG: 9.7 )
ACTG' s 10-Year ROE (%) Range
Min: -64.8   Max: 30.7
Current: 9.7
-64.8
30.7
ROA (%) 8.9
ACTG's ROA (%) is ranked lower than
80% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 4.00 vs. ACTG: 8.9 )
ACTG' s 10-Year ROA (%) Range
Min: -39.5   Max: 25.3
Current: 8.9
-39.5
25.3
Revenue Growth (%) 23.4
ACTG's Revenue Growth (%) is ranked higher than
98% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 3.10 vs. ACTG: 23.4 )
ACTG' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 136.9
Current: 23.4
0
136.9
» ACTG's 10-Y Financials

Financials


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

» Details

Guru Trades
Q2 2012

ACTG Guru Trades in Q2 2012

Joel Greenblatt 28,829 sh (New)
George Soros 3,239,179 sh (+27.95%)
Ron Baron 655,500 sh (unchged)
Steven Cohen Sold Out
Jim Simons 36,200 sh (-74.58%)
Pioneer Investments 20,733 sh (-89.83%)
» More
Q3 2012

ACTG Guru Trades in Q3 2012

Paul Tudor Jones 12,900 sh (New)
Chuck Royce 2,300 sh (New)
Joel Greenblatt 152,073 sh (+427.5%)
George Soros 3,913,037 sh (+20.8%)
Ron Baron 655,500 sh (unchged)
Pioneer Investments Sold Out
Jim Simons Sold Out
» More
Q4 2012

ACTG Guru Trades in Q4 2012

Jim Simons 261,900 sh (New)
Ron Baron 1,335,772 sh (+103.78%)
Joel Greenblatt 166,483 sh (+9.48%)
George Soros 3,975,645 sh (+1.6%)
Paul Tudor Jones Sold Out
Chuck Royce 1,600 sh (-30.43%)
» More
Q1 2013

ACTG Guru Trades in Q1 2013

Steven Cohen 6,905 sh (New)
John Rogers 6,976 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
» Details

Insider Trades

Latest Guru Trades with ACTG

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
Joel Greenblatt 2013-03-31 Reduce -92%0.23%$24.77 - $30.67 $ 24.67-10%13311
George Soros 2013-03-31 Reduce -8.75%0.11%$24.77 - $30.67 $ 24.67-10%3627793
Ron Baron 2013-03-31 Reduce -25.14%0.06%$24.77 - $30.67 $ 24.67-10%1000000
John Rogers 2013-03-31 New Buy$24.77 - $30.67 $ 24.67-10%6976
Ron Baron 2012-12-31 Add 103.78%0.11%$20.42 - $26.58 $ 24.674%1335772
George Soros 2012-09-30 Add 20.8%0.29%$23.61 - $41.5 $ 24.67-18%3913037
Joel Greenblatt 2012-09-30 Add 427.5%0.23%$23.61 - $41.5 $ 24.67-18%152073
George Soros 2012-06-30 Add 27.95%0.37%$32.84 - $42.35 $ 24.67-34%3239179
Joel Greenblatt 2012-06-30 New Buy0.08%$32.84 - $42.35 $ 24.67-34%28829
Premium More recent guru trades are included for Premium Members only!!

Guru Investment Theses on Acacia Research Coroporation

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 Coroporation

Baron Funds Comments on Acacia Research Corp.
December 7, 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. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 81.90
ACTG's P/E(ttm) is ranked higher than
62% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 20.30 vs. ACTG: 81.90 )
ACTG' s 10-Year P/E(ttm) Range
Min: 14.79   Max: 547
Current: 81.9
14.79
547
P/B 1.90
ACTG's P/B is ranked lower than
54% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.74 vs. ACTG: 1.90 )
ACTG' s 10-Year P/B Range
Min: 0.53   Max: 9.81
Current: 1.9
0.53
9.81
P/S 5.10
ACTG's P/S is ranked lower than
91% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.00 vs. ACTG: 5.10 )
ACTG' s 10-Year P/S Range
Min: 1.42   Max: 4.3811E+18
Current: 5.1
1.42
4.3811E+18
EV-to-EBIT 35.7
ACTG's EV-to-EBIT is ranked higher than
64% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 13.30 vs. ACTG: 35.7 )
ACTG' s 10-Year EV-to-EBIT Range
Min: 3.2   Max: 76.9
Current: 35.7
3.2
76.9
Shiller P/E 89.7
ACTG's Shiller P/E is ranked higher than
92% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 21.70 vs. ACTG: 89.7 )
ACTG' s 10-Year Shiller P/E Range
Min: 76.75   Max: 1444.67
Current: 89.7
76.75
1444.67

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 0.50
ACTG's Dividend Yield is ranked lower than
82% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 2.21 vs. ACTG: 0.50 )
ACTG' s 10-Year Dividend Yield Range
Min: 0   Max: 0
Current: 0.5
Yield on cost (5-Year) 0.50
ACTG's Yield on cost (5-Year) is ranked lower than
82% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 2.45 vs. ACTG: 0.50 )
ACTG' s 10-Year Yield on cost (5-Year) Range
Min: 0   Max: 0
Current: 0.5
Share Buyback Rate -12.6
ACTG's Share Buyback Rate is ranked higher than
59% of the 429 Companies
in the Global Business Services industry.

( Industry Median: -0.80 vs. ACTG: -12.6 )
ACTG' s 10-Year Share Buyback Rate Range
Min: -0.7   Max: -15.9
Current: -12.6

Valuation & Return

vs
industry		 vs
history
Price/Net Cash 4.8
ACTG's Price/Net Cash is ranked higher than
94% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 9.85 vs. ACTG: 4.8 )
ACTG' s 10-Year Price/Net Cash Range
Min: 1.4   Max: 11.6
Current: 4.8
1.4
11.6
Price/Net Current Asset Value 98.7
ACTG's Price/Net Current Asset Value is ranked higher than
98% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 9.00 vs. ACTG: 98.7 )
ACTG' s 10-Year Price/Net Current Asset Value Range
Min: 13.2   Max: 191.1
Current: 98.7
13.2
191.1
Price/Tangible Book 4.5
ACTG's Price/Tangible Book is ranked higher than
86% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 2.80 vs. ACTG: 4.5 )
ACTG' s 10-Year Price/Tangible Book Range
Min: 1.4   Max: 10
Current: 4.5
1.4
10
Price/DCF (Projected) 2.2
ACTG's Price/DCF (Projected) is ranked higher than
89% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.15 vs. ACTG: 2.2 )
ACTG' s 10-Year Price/DCF (Projected) Range
Min: 2.4   Max: 55.8
Current: 2.2
2.4
55.8
Price/Median PS Value 0.6
ACTG's Price/Median PS Value is ranked higher than
69% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 0.90 vs. ACTG: 0.6 )
ACTG' s 10-Year Price/Median PS Value Range
Min: 0.2   Max: 21.8
Current: 0.6
0.2
21.8
Price/Graham Number 2
ACTG's Price/Graham Number is ranked lower than
79% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 1.80 vs. ACTG: 2 )
ACTG' s 10-Year Price/Graham Number Range
Min: 2.1   Max: 4
Current: 2
2.1
4
Earnings Yield (Greenblatt) 2.80
ACTG's Earnings Yield (Greenblatt) is ranked higher than
76% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 7.70 vs. ACTG: 2.80 )
ACTG' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.3   Max: 31
Current: 2.8
1.3
31
Forward Rate of Return (Yacktman) 2
ACTG's Forward Rate of Return (Yacktman) is ranked higher than
97% of the 429 Companies
in the Global Business Services industry.

( Industry Median: 7.50 vs. ACTG: 2 )
ACTG' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -23   Max: 2.7
Current: 2
-23
2.7

Business Description

Acacia Research Coroporation 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 and 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 established a proven track record of licensing success with over 1080 license agreements executed to date, across 112 of its technology license programs. Currently, on a consolidated basis, the company's operating subsidiaries own or control the rights to over 200 patent portfolios, which include U.S. patents and certain foreign counterparts, covering technologies used in a variety of industries. The Company is competing with Allied Security Trust, Altitude Capital Partners, Coller IP, Intellectual Ventures, Millennium Partners, Open Innovation Network, RPX Corporation and Rembrandt IP Management in acquiring rights to patents.
Company Website
SEC Reports
Industry: Business Services
Compare:ADP, G, ENV, CMPGY, SGSOY
Traded in other countries:AZG2.Germany
» More Articles for ACTG

Headlines

Articles On GuruFocus.com
Super-Fast Growing Mid-Cap Growth Stocks with Explosive Returns May 09 2013 
George Soros Keeps Buying Mar 15 2013 
Baron Funds Comments on Acacia Research Corp. Dec 07 2012 
The Best-Yielding Stock Holdings of George Soros’ Quantum Fund Oct 04 2012 
The 30 Top Positions of George Soros's Quantum Fund Investment Portfolio as of Q2 2012 Sep 07 2012 
George Soros Stocks with Highest Earnings Yield Jun 29 2012 
George Soros: The Best Yielding Investments as of Q1 2012 Jun 07 2012 
Steven Cohen, George Soros, John Paulson All Add to Holdings Mar 07 2012 
Acacia Research Corp. (ACTG) Chairman & CEO Paul R Ryan sells 8,700 Shares Mar 10 2011 
Acacia Research Corp. (ACTG) Chairman & CEO Paul R Ryan sells 51,300 Shares Mar 07 2011 


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