Acacia Research Corporation (ACTG)

Over the past six months, Acacia Research Corp.'s stock price has experienced a decline, with a 29.68% decrease between September 25, 2024, and September 24, 2025. Key financial reporting events include: Fourth Quarter and Year End 2024 Financial Results on March 13, 2025; First Quarter 2025 Financial Results on May 8, 2025; Second Quarter 2025 Financial Results on August 6, 2025, highlighting the company navigating challenges and reporting a 98% increase in revenue; and Third Quarter 2025 Financial Results scheduled for release on November 5, 2025. In August 2025, Acacia Research Corporation announced a partnership for a Bitcoin-Backed Commercial Loan Strategy. The company also reported significant licensing and settlement agreements related to its WiFi-6 patent portfolio in the fourth quarter of 2023, with aggregate payments totaling over $81 million. Insider buying and selling activities have also been noted within the past three to twelve months.

Information regarding specific demand seasonality for Acacia Research Corp.'s products and services is not available. Given the nature of its business, which involves acquiring and operating diverse businesses across technology, energy, and industrials, as well as patent monetization, traditional seasonal demand patterns may not directly apply to its overall operations. Revenue from intellectual property licensing can be event-driven, such as through large settlements, and the performance of its acquired businesses would be subject to the specific market dynamics of their respective industries.

Acacia Research Corp. is a publicly traded American company that operates as a value-oriented acquirer and operator of businesses across various sectors, with a strategic relationship with its controlling shareholder, Starboard Value, LP. Acacia Research Corp. primarily focuses on opportunistic situations within the technology, energy, and industrials segments. The company's operations are structured into three main verticals: Intellectual Property Operations, Energy Operations, and Industrial Operations. In its Intellectual Property Operations, Acacia is involved in patent licensing, enforcement, and technology businesses, assisting patent owners with the prosecution and development of their patent portfolios, protection against unauthorized use, and generating licensing revenue. Key acquired businesses and their products include Printronix, which manufactures industrial impact printers; Benchmark Energy, an oil and gas exploration and production (E&P) company; and Deflecto, which operates in the industrial and transportation products business. The company's sector is classified as Business Services, and its industry as Business Equipment & Supplies.

Acacia Research Corp. is headquartered in New York City, US. The company also maintains offices in Aliso Viejo, California, Austin and Frisco, Texas, and Munich, Germany. Acacia operates on a global scale, actively pursuing opportunities in key markets across North America, Europe, and Asia.

In the past year, Acacia Research Corp.'s brand reputation has been impacted by several events. The company has been characterized as a "patent troll," a term often used for entities that acquire patents primarily to enforce them against alleged infringers for licensing fees, rather than to manufacture products. In 2017, Acacia sued Apple Computer and cellular carriers over Nokia patents, which occurred four months after Apple had filed an antitrust lawsuit against Acacia, alleging a conspiracy with Nokia. More recently, an internal investigation in 2022 revealed that former CEO Clifford Press had possibly abused corporate funds. This led to Press suing Acacia, demanding reinstatement to the board and threatening public attacks, with the misconduct being confirmed in early 2023.

Acacia Research Corporation has a diverse ownership structure, with significant institutional and individual investors. The company has 204 institutional owners and shareholders holding a total of 87,900,327 shares. Major institutional owners include Starboard Value LP, State Street Corp, Dimensional Fund Advisors Lp, BlackRock, Inc., Vanguard Group Inc, Renaissance Technologies Llc, Krilogy Financial LLC, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Formidable Asset Management, LLC, and Geode Capital Management, Llc. Starboard Value LP is identified as the largest individual shareholder, owning 61.12 million shares, representing 63.38% of the company, and is also characterized as the company's controlling shareholder. Approximately 9.43% to 15.25% of the company's stock is owned by institutional investors, 1.08% by insiders, and a significant portion by public companies and individual investors.