Profile
Sector:
IndustrialsIndustry:
Business Equipment & SuppliesCountry:
United StatesIPO:
16 December 2002Website:
http://www.acaciaresearch.comNext earnings report:
02 August 2024Last dividends:
04 November 2015Next dividends:
N/APrice
regular market | 10 min agoDividend
Analysts recommendations
Institutional Ownership
ACTG Latest News
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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.
Acacia Research Corporation (NASDAQ:ACTG ) Q3 2023 Earnings Conference Call November 13, 2023 4:30 PM ET Company Participants Jeff Stanlis - FNK IR MJ McNulty - Interim Chief Executive Officer Kirsten Hoover - Interim Chief Financial Officer Conference Call Participants Anthony Stoss - Craig-Hallum Capital Group Brett Reiss - Janney Montgomery Scott John Levin - Levin Capital Strategies Operator Greetings, and welcome to the Acacia Research Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note, this conference is being recorded.
Acacia Research Corporation is shifting its focus from one-time returns to building a portfolio of potentially long-term compounders. Starboard Value, a multibillion-dollar private fund, is leading the shift and has taken control of Acacia. The completion of the recapitalization transaction has simplified Acacia's capital structure, aligning interests between Starboard Value and minority shareholders.
What type of business is Acacia Research?
Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. The company operates through two segments, Intellectual Property Operations and Industrial Operations. The company owns or controls the rights to various patent portfolios, which include U.S. patents and foreign counterparts covering technologies used in a range of industries. It has executed approximately 1,600 license agreements, and approximately 200 patent portfolio licensing and enforcement programs. It also designs manufactures printers and parts, and consumable products through dealers and distributors for various industrial printing applications. In addition, the company offers supply-chain printing solutions for manufacturing, transportation and logistics, retail distribution, food and beverage distribution, and pharmaceutical distribution industries; and line matrix printers for mission critical applications within labeling and inventory management, build sheets, invoicing, manifests and bills of lading, and reporting industries. Acacia Research Corporation was incorporated in 1993 and is based 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 does Acacia Research report earnings?
The next expected earnings date for Acacia Research is 02 August 2024