Profile
Sector:
IndustrialsIndustry:
Business Equipment & SuppliesCountry:
United StatesIPO:
16 December 2002Website:
http://www.acaciaresearch.comNext earnings report:
14 March 2025Last dividends:
04 November 2015Next dividends:
N/APrice
after hours | Wed, 20 Nov 2024 21:02:29 GMTDividend
Analysts recommendations
Institutional Ownership
ACTG Latest News
Acacia Research Corporation (NASDAQ:ACTG ) Q3 2024 Earnings Conference Call November 12, 2024 8:00 AM ET Company Participants Brent Anderson - Managing Director-Gagnier Communications MJ McNulty - Chief Executive Officer Kirsten Hoover - Interim Chief Financial Officer Conference Call Participants Anthony Stoss - Craig-Hallum Brett Reiss - Janney Montgomery Scott Adam Eagleston - Formidable Asset Management Operator Good morning, ladies and gentlemen, and thank you for joining us for Acacia Research Third Quarter 2024 Earnings Conference Call. My name is Jenny, and I'll be your conference facilitator today.
For quite a while before its recapitalization was completed in July 2023, Acacia did not announce engagement in any new investments. Since completion of the recapitalization, however, Acacia closed three investments: two in the oil & gas field and recently in the consumer, road safety, and air distribution spaces. In the last year, ACTG accelerated the pace at which it puts its large cash stack to work.
NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) (“Acacia” or the “Company”), which acquires and operates businesses across the industrial, energy and technology sectors, announced today that it will release its third quarter 2024 financial results before market open on November 12, 2024. The Company will host a conference call at 8:00 a.m. ET / 5:00 a.m. PT on November 12, 2024 to discuss its results. To access the live call, please dial 877-545-0523 (U.S. and Canada) or 9.
Book value per share is growing, but the discount to book value remains high. The cash position as of June 30, 2024, is still very strong and constitutes ~85% of the company's market cap. Recent acquisition of oil & gas assets started bearing fruit.
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Acacia Research is a BDC that acquires, operates, and sells small- to mid-sized companies in various industries. The company's revenue sources include patent licensing, industrial sector ownership, and energy operations. The company's valuation is appealing due to its high cash on hand and strong enterprise value metrics.
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About a year after the announcement of the recapitalization plan, Acacia Research finally started to execute its new investment strategy. Cash injection of $57 million is expected from the sale of Arix shares. A new stock buyback plan for up to $20 million was put in place.
What type of business is Acacia Research?
Acacia Research Corporation focuses on acquiring and managing companies across technology, energy, and industrials verticals. The company operates through three segments, Intellectual Property Operations, Industrial Operations, and Energy Operations. The Intellectual Property Operations segment invests in IP and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The Industrial Operations segment designs and manufactures printers and consumable products for various industrial printing applications. The Energy Operations segment engages in the acquisition, exploration, development, and production of oil and natural gas resources located in Texas and Oklahoma. Acacia Research Corporation was incorporated in 1993 and is headquartered in New York, New York.
What sector is Acacia Research in?
Acacia Research is in the Industrials sector
What industry is Acacia Research in?
Acacia Research is in the Business Equipment & Supplies industry
What country is Acacia Research from?
Acacia Research is headquartered in United States
When did Acacia Research go public?
Acacia Research initial public offering (IPO) was on 16 December 2002
What is Acacia Research website?
https://www.acaciaresearch.com
Is Acacia Research in the S&P 500?
No, Acacia Research is not included in the S&P 500 index
Is Acacia Research in the NASDAQ 100?
No, Acacia Research is not included in the NASDAQ 100 index
Is Acacia Research in the Dow Jones?
No, Acacia Research is not included in the Dow Jones index
When was Acacia Research the previous earnings report?
No data
When does Acacia Research earnings report?
The next expected earnings date for Acacia Research is 14 March 2025