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Acacia Research Corp - ACTG STOCK NEWS

Welcome to our dedicated news page for Acacia Research (Ticker: ACTG), a resource for investors and traders seeking the latest updates and insights on Acacia Research.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Acacia Research's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Acacia Research's position in the market.

News
Acacia Research Announces Closing of Benchmark Energy’s Transformative Acquisition in the Western Anadarko Basin
Rhea-AI Summary
Acacia Research (Nasdaq: ACTG) announced the completion of Benchmark Energy II, 's acquisition of upstream assets in Texas and Oklahoma. The acquisition includes 470 operated producing wells in the Western Anadarko Basin, adding diversification to Benchmark's production. Key highlights include expanded operated positions, mature production base, and significant field enhancement opportunities. The transaction was funded through cash and debt financing, with Acacia's share of the consideration at approximately $59.9 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
acquisition
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News
Acacia Research Reports Fourth Quarter 2023 Financial Results
Rhea-AI Summary
Acacia Research Corporation (Nasdaq: ACTG) reported strong Q4 financial results with $92.3 million in revenue, driven by $82.8 million from intellectual property operations. The company acquired oil and gas assets, increasing book value per share to $5.90. Acacia's strategic acquisitions and IP initiatives are poised to generate future cash flows and shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
16.83%
Tags
earnings
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News
Acacia Research to Release Fourth Quarter and Full Year 2023 Financial Results on March 14
Rhea-AI Summary
Acacia Research Corporation (ACTG) to report Q4 and full-year 2023 financial results on March 14, 2024. Conference call scheduled for further discussion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.76%
Tags
earnings
News
Acacia Research Expands Oil and Gas Investments Through Benchmark Energy’s Transformative Acquisition in the Western Anadarko Basin
Rhea-AI Summary
Acacia Research Corporation (Nasdaq: ACTG) announces the acquisition of upstream assets in Texas and Oklahoma, expanding Benchmark Energy II, LLC's portfolio with over 470 operated producing wells across 140,000 net acres. The Acquisition is expected to generate annualized asset-level cash flows of approximately $45 million, enhancing Benchmark's position in the Western Anadarko Basin and the emerging Cherokee play.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.63%
Tags
acquisition
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News
Acacia Research Appoints Martin (“MJ”) D. McNulty, Jr. to Board of Directors, Named Permanent CEO
Rhea-AI Summary
Acacia Research Corporation (ACTG) appoints Martin D. McNulty, Jr. as permanent CEO, expands Board of Directors, and expresses confidence in his leadership abilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.35%
Tags
management
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News
Acacia Research Announces Licensing and Settlement Agreements Related to WiFi-6 Patents
Rhea-AI Summary
Acacia Research Corporation (Nasdaq: ACTG) has announced an agreement related to its intellectual property business. The subsidiary, Atlas Global Technologies LLC, entered into licensing and settlement agreements for its WiFi-6 patent portfolio, with aggregate payments totaling more than $81 million. The details of the agreements, including parties and payment amounts, are confidential. The amount received by AGT will be net of legal fees and other expenses.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.08%
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none
News
Acacia Research Acquires Majority Stake in Benchmark Energy
Rhea-AI Summary
Acacia Research Corporation (Nasdaq: ACTG) has acquired a majority interest in Benchmark Energy II, LLC, an independent oil and gas company focused on acquiring, producing, and developing oil and gas assets in Texas and Oklahoma. The company aims to utilize its capital base to acquire predictable and shallow decline, cash-flowing oil and gas properties and enhance their value through a disciplined, field optimization strategy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
acquisition
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News
Acacia Research Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
Acacia Research Corporation (ACTG) reported financial results for Q3 2023, including $10.1 million in consolidated revenue, $12.2 million of net realized and unrealized gains, and a stock repurchase program authorizing the purchase of up to $20 million of common stock. The company acquired a majority stake in Benchmark Energy II LLC and plans to support future growth through acquisitions of oil and gas assets. The PR also highlights financial figures and key business highlights.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.65%
Tags
earnings
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News
Acacia Research to Release Third Quarter 2023 Financial Results on November 13
Rhea-AI Summary
Acacia Research Corporation (NASDAQ: ACTG) will release its Q3 2023 financial results on November 13, 2023, after the market closes. The company will host a conference call at 4:30 p.m. ET/1:30 p.m. PT to discuss the results. The live call can be accessed by dialing 877-545-0320 (U.S. and Canada) or 973-528-0002 (international) with conference ID 964870. The webcast will be available on the company's website and a replay will be available for at least 30 days.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.09%
Tags
earnings
News
Acacia Research Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.1%
Tags
earnings
Stock ACTG logo
Acacia Research Corp

Nasdaq:ACTG

ACTG Rankings

#2973 Ranked by Market Cap
#2782 Ranked by Stock Gains
N/A Ranked by Dividends

ACTG Stock Data

492.48M
37.16M
2.05%
87.48%
0.63%
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
Real Estate and Rental and Leasing
Link
US
Irvine

About ACTG

acacia research corporation (nasdaq: actg) is the industry leader in patent licensing. by partnering with patent owners, acacia applies its deep legal and technology expertise to patent assets to unlock financial value. an intermediary in the patent market, acacia facilitates efficiency and delivers monetary rewards to the patent owner. with this strategy, acacia has generated over $1,200,000,000 revenue to date, and has returned more than $705,000,000 to our patent partners.