2024-03-18 05:16:31 ET
Summary
- Acacia Research released its 2023 full year results and made three important announcements in the last two months.
- The company completed the sale of Arix Bioscience shares and entered into substantial licensing and settlement agreements related to its WiFi-6 patent portfolio.
- ACTG shifted gears in implementing its new strategy.
- The company still trades, even after Friday's spike in its stock price, at a considerable discount to book value.
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Acacia Research: Positive Developments, Discount To Book Value High Despite Recent Price Spike