Acacia Research (ACTG)
Acquires and operates IP, energy, industrial printing, and manufacturing businesses under Starboard-backed ownership.
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Acquires and operates a portfolio spanning patent licensing, Benchmark Energy, Printronix industrial printing, and Deflecto manufacturing. Revenue is spread across four segments, with IP licensing episodic and operating businesses tied to energy production, industrial printing demand, specialty manufacturing, and Starboard-backed acquisition execution.
Acquires and operates businesses across public and private markets rather than selling a single product line. The portfolio is reported through Intellectual Property Operations, Industrial Operations, Energy Operations, and Manufacturing Operations, with current operating companies including Acacia Research Group, Benchmark Energy, Printronix, and Deflecto.
Owns or controls patent portfolios through Acacia Research Group, sells industrial printers, consumables, parts, and services through Printronix, participates in oil and gas production through Benchmark assets in Texas and Oklahoma, and manufactures air distribution, transportation safety, and office products through Deflecto.
Execution depends on acquisition sourcing, integration, operating improvement, and support from Starboard, the controlling shareholder. The operating base is concentrated in the United States, and segment results are shaped by episodic IP licensing, oil and gas conditions, printing and consumables demand, manufacturing supply chains, and patent licensing and enforcement activity.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $332.6M · Total debt $102.0M · Total assets $791.5M · Shareholders' equity $526.8M
- Revenue
- $114.6M
- Operating income
- $8.5M
- Net income
- $47.0K
No dividends on record.
| Institutions | ≈ 88.27% | 86.14M shares | |
|---|---|---|---|
| 125 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 1.61% | 1.57M shares | |
| 11 holders · as of Sep 16, 2026 | |||
| Other | ≈ 10.12% | 9.88M shares | |
| remainder | |||
97.59M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Starboard Value LPInstitution | 62.64% | 61.12M | as of Jun 30, 2026 |
State Street CorpInstitution | 3.25% | 3.17M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 3.01% | 2.94M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 2.66% | 2.60M | as of Jun 30, 2026 |
Ariel Investments, LLCInstitution | 2.27% | 2.21M | filed Feb 14, 2020 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Isaac T. Kohlberg | director | −24,000 | $4.55 |
| Sep 3, 2026 | Maureen Oconnell | director | −12,466 | $4.57 |
| Sep 2, 2026 | Maureen Oconnell | director | −20,534 | $4.63 |
| Aug 19, 2026 | Maureen Oconnell | director | −10,000 | $4.60 |
| Aug 12, 2026 | Isaac T. Kohlberg | director | −32,188 | $4.67 |
- CSW Industrials
HVAC/R and air-distribution peer for Deflecto's largest line
- InterDigital
Patent-licensing peer with larger wireless and video portfolios
- Mach Natural Resources
Regional upstream oil-and-gas operator in Anadarko and nearby basins
- Zebra Technologies
Industrial printing scale leader across printers, RFID and supplies
- ACCO
Office-products peer overlapping Deflecto's workplace product line
- 3M
Transportation-safety and reflective-materials peer for Deflecto
- Compass Diversified
Public holding-company peer competing for middle-market acquisitions
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Acacia Research | $4.33 | −0.73% | $421.1M | — | — | 1.5 | +123.6% |
| CSW Industrials | $298.01 | +2.91% | $4.72B | 39.6 | 23.3 | 4.0 | +33.0% |
| InterDigital | $328.19 | +0.45% | $8.43B | 37.7 | 44.2 | 10.7 | −13.5% |
| Mach Natural Resources | $10.89 | −0.77% | $1.83B | 19.6 | 7.6 | 1.3 | +74.3% |
| Zebra Technologies | $358.66 | +2.23% | $16.71B | 33.0 | 17.2 | 2.9 | +20.4% |
| ACCO | $4.29 | +2.76% | $384.7M | 6.7 | 4.9 | 0.2 | +5.1% |
| 3M | $167.88 | +1.76% | $85.07B | 29.3 | 18.1 | 3.4 | +2.5% |
| Compass Diversified | $11.33 | +1.07% | $843.4M | — | 21.5 | 0.5 | −11.4% |
| Median | 31.2 | 18.1 | 2.9 | +5.1% |