Form 8-K ACACIA RESEARCH CORP For: Feb 19
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Cowen Trims PT on Acacia Research (ACTG) to $20; Q4 Miss Slight Surprise, Still Plenty Left for FY15
February 20, 2015 7:44 AM ESTCowen and Company affirms Acacia Research (Nasdaq: ACTG) at Outperform and moves its price target from $24 to $20.
RECAP: Thursday night, Acacia Research reported Q4 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $31.03 million versus the consensus estimate of $26.42 million.
Analyst Brian Prohn issued th following commentary:
What To Do From Here
Although ACTG does not provide guidance, our post-call analysis of the company's litigation calendar and management commentary suggest multiple... More
Acacia Research (ACTG) Declares $0.125 Quarterly Dividend; 3.8% Yield
February 19, 2015 4:55 PM ESTAcacia Research (NASDAQ: ACTG) declared a quarterly dividend of $0.125 per share, or $0.5 annualized.
The dividend will be payable on March 30, 2015, to stockholders of record on March 2, 2015, with an ex-dividend date of February 26, 2015.
The annual yield on the dividend is 3.8... More
