Acacia Research Corporation (NASDAQ:ACTG) today announced that Martin ("MJ") D. McNulty, Jr. has been named as Acacia's permanent Chief Executive Officer. Mr. McNulty has been serving as the Company's Interim Chief Executive Officer since November 1, 2022. In addition, the Board of Directors expanded the size of the Board from six to seven directors, and the Board appointed Mr. McNulty as a director of the Company to serve until the Company's 2024 annual meeting of stockholders. "The Board is extremely grateful for MJ's contributions as Interim Chief Executive Officer and believes he is the right leader for the company going forward," commented Gavin Molinelli, Acacia's Chairman. "Since

Martin D. McNulty, Jr., Former CEO of Starboard Value Acquisition Corp., Joins as Chief Operating Officer and Head of M&A Wesley Golby, Who Served as Director of Research, Promoted to Chief Investment Officer Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or "the Company") today announced that it has appointed Martin ("MJ") D. McNulty, Jr. as Chief Operating Officer and Head of M&A and that Wesley L. Golby has been promoted to Chief Investment Officer. The appointments are effective immediately. Mr. McNulty most recently served as the Chief Executive Officer and a member of the board of directors at Starboard Value Acquisition Corp. ("SVAC"), where he led the transaction through whi

Believes Poor First Quarter Performance – Including 14% Decline in Revenue and 61% Decline in EBITDA – Reflects Core Challenges Faced by Comtech and Inability to Deliver for Shareholders Views Current Board's Continued Lack of a Real Strategic Plan as Further Evidence that Shareholders Should Support Change and Reject Company's Empty Promises of Future Growth Believes Shareholders Should be Appalled that Comtech Spent $2.2 million of Shareholder Capital in Q1 on Advisor Fees for Proxy Fight and "Anticipates Incurring Similar Proxy Solicitation and Related Costs" Next Quarter Shareholders Must Act Now to Elect Outerbridge's Independent Nominees to Ensure that a Real Strategic Review Proce

4 - ACACIA RESEARCH CORP (0000934549) (Issuer)

4 - ACACIA RESEARCH CORP (0000934549) (Issuer)

Generated $23.3 Million in Consolidated Revenue, up 131% Year Over Year Energy Operations Generated $15.8 Million in Revenue and Industrial Operations Generated $7.0 Million in Revenue, Up 12% and 11%, Respectively Quarter Over Quarter Generated $70.4 Million in Operating Cash Flow During the Nine Months Ended September 30, 2024 Repurchased 3.0 Million Shares for $14.0 Million Via the Company's Stock Repurchase Program Through November 7, 2024 Subsequent to the Quarter, Acquired Deflecto for $103.7 Million Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, today reporte

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 973-528-0016 (international) and if requested, reference the access code 847853. The conference call will also be simultaneously webcasted at https://www.webcaster4.com/Webcast/Page/2371/51508 and on the investor relations sec

Transaction Adds Leading Speciality Manufacturer of Essential Products Serving the Commercial Transportation, HVAC and Office Markets to Acacia's Growing Portfolio Expected to Deliver Significant Revenue and be Immediately Accretive to Free Cash Flow and Earnings Per Share with Further Value Creation Opportunities Deflecto Expected to Generate Approximately $128-$136 Million in Revenue in 2024 Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, announced today that is has acquired Deflecto Acquisition, Inc. ("Deflecto") for $103.7 million (the "Transaction"). Headquartered in I

Increased Consolidated Revenue 227% Compared to Q2 2023, Up 121% Compared to the First Six Months of 2023 Significant YoY Revenue and Operating Cash Flow Improvement During Q2 2024 Acacia Remains Focused on Free Cash Flow Generation and Book Value Per Share Accretion Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company") today reported financial results for the three and six months ended June 30, 2024. The Company is also releasing a new Corporate Overview Presentation and a Q2 2024 Earnings Presentation, both of which are being posted today on its website at www.acaciares.com under Events & Presentations. Martin ("MJ") D. McNulty, Jr., Chief Executive Officer, stated

Acacia Research Corporation (NASDAQ:ACTG) announced today that it will release its second quarter 2024 financial results after the market closes on Thursday, August 8, 2024. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET / 1:30 p.m. PT. To access the live call, please dial 800-715-9871 (U.S. and Canada) or 646-307-1963 (international) and if requested, reference the access code "Acacia Research." The conference call will also be simultaneously webcasted at https://www.webcaster4.com/Webcast/Page/2371/50944 and on the investor relations section of the Company's website at http://www.acaciaresearch.com under Events & Presentations. Followi

Company Continues to Advance Capital Allocation Strategy Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company") today reported financial results for the three months ended March 31, 2024. Martin ("MJ") D. McNulty, Jr., Chief Executive Officer, stated, "With the establishment of our strategic partnership with Benchmark Energy, and through its most recent acquisition, we have significantly diversified our portfolio and created a new value-creation platform in the Oil and Gas space. The recent sale of our Arix position completes the divestment of all public life science assets, significantly expanding our capital base which we continue to reallocate into new opportunities."

Acacia Research Corporation (NASDAQ:ACTG) announced today it will release its first quarter 2024 financial results after the market closes on Thursday, May 9, 2024. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET/ 1:30 p.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 136343. The conference call will also be simultaneously webcasted at https://www.webcaster4.com/Webcast/Page/2371/50485 and on the investor relations section of the Company's website at http://www.acaciaresearch.com under Events & Presentations. Following the conclusion of th

Acacia Research Corporation (NASDAQ:ACTG) ("Acacia") today announced that its majority owned subsidiary, Benchmark Energy II, LLC (together with its subsidiaries, "Benchmark"), has completed its previously announced acquisition (the "Transaction") to acquire certain upstream assets and related facilities (the "Assets") in Texas and Oklahoma from a private seller (such transaction, the "Acquisition"). The Acquisition includes an interest in approximately 470 operated producing wells in the core of the Western Anadarko Basin, as well as a non-operated interest in the undeveloped Cherokee play. The wells are mature, have low-decline profiles and will add significant diversification to Benchmar

Intellectual Property Licensing and Settlement Agreements Drive Q4 Income; Company Continues to Advance Capital Allocation and Business Strategy, Announced Agreement to Acquire Cash Flow-Generating Oil and Gas Assets with a Goal of Driving Book Value per Share Acacia Research Corporation (NASDAQ:ACTG) ("Acacia" or the "Company") today reported financial results for the three months and full year ended December 31, 2023. Martin ("MJ") D. McNulty, Jr., Chief Executive Officer, stated, "Through the last quarter of 2023 and into the beginning of 2024 we continued to meaningfully advance our business strategy in an effort to drive earnings and book value per share growth in disciplined and u

Acacia Research Corporation (NASDAQ:ACTG) announced today it will release its fourth quarter and full-year 2023 financial results after the market closes on Thursday, March 14, 2024. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET/ 1:30 p.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 248690. The conference call will also be simultaneously webcasted at https://www.webcaster4.com/Webcast/Page/2371/50034 and on the investor relations section of the Company's website at http://www.acaciaresearch.com under Events & Presentations. Following th

Acacia Research (NASDAQ:ACTG) reported quarterly sales of $24.320 million which beat the analyst consensus estimate of $11.000 million by 121.09 percent. This is a 64.29 percent increase over sales of $14.803 million the same period last year.

Craig-Hallum analyst Anthony Stoss maintains Acacia Research (NASDAQ:ACTG) with a Buy and raises the price target from $6 to $7.

Acacia Research (NASDAQ:ACTG) reported its Q4 earnings results on Thursday, March 14, 2024 at 04:06 PM. Here's what investors need to know about the announcement. Earnings Acacia Research beat estimated earnings by 971.0000000000001%, reporting an EPS of $0.75 versus an estimate of $0.07. Revenue was up $79.19 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.15 which was followed by a 2.0% increase in the share price the next day. Here's a look at Acacia Research's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.12 0.01 -0.02 EPS Actual -0.03 -0.32 -0.07 -0.5 Revenue Estimate 8.00M 16.00M 16.00

Acacia Research (NASDAQ:ACTG) reported quarterly earnings of $0.75 per share which beat the analyst consensus estimate of $0.07 by 971.43 percent. This is a 250 percent increase over losses of $(0.50) per share from the same period last year. The company reported $92.31 million in sales this quarter. This is a 603.54 percent increase over sales of $13.12 million the same period last year.

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Acacia Research (NASDAQ:ACTG) is set to give its latest quarterly earnings report on Thursday, 2024-03-14. Here's what investors need to know before the announcement. Analysts estimate that Acacia Research will report an earnings per share (EPS) of $0.07. Acacia Research bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.15, which was followed by a 1.65% increase i

Acquisition Anticipated to Add Over 470 Operated Producing Wells Across Approximately 140,000 Net Acres with Expected Annualized Asset-Level Cash Flows of Approximately $45 MillionAcacia Research Corporation (NASDAQ:ACTG) ("Acacia") today announced that its majority owned subsidiary, Benchmark Energy II, LLC (together with its subsidiaries, "Benchmark"), has entered into a Purchase and Sale Agreement ("PSA") to acquire certain upstream assets and related facilities (the "Assets") in Texas and Oklahoma from a private seller (such transaction, the "Acquisition"). The Acquisition is anticipated to expand the Benchmark portfolio, adding approximately 140,000 net acres and approximately 470 opera

Acacia Research Corporation (NASDAQ:ACTG) today announced that Martin ("MJ") D. McNulty, Jr. has been named as Acacia's permanent Chief Executive Officer. Mr. McNulty has been serving as the Company's Interim Chief Executive Officer since November 1, 2022.In addition, the Board of Directors expanded the size of the Board from six to seven directors, and the Board appointed Mr. McNulty as a director of the Company to serve until the Company's 2024 annual meeting of stockholders."The Board is extremely grateful for MJ's contributions as Interim Chief Executive Officer and believes he is the right leader for the company going forward," commented Gavin Molinelli, Acacia's Chairman. "Since being

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here’s the latest list of major oversold players in this sector, having an RSI near or below 30. B. Riley Financial, Inc. (NASDAQ:RILY) On Nov. 8, B. Riley Financial posted a loss for the third quarter. Bryant Riley, Chairman an