Acacia Research hits 2-1/2-month high on share buyback, Q4 revenue jump

Acacia Research

31/03/2022 16:49

** Buyout firm Acacia Research Corp's  ACTG.O  shares up
6.6% at $4.45
    ** Stock touches highest levels since Jan. 13
    ** Co approves new stock repurchase program for up to $40
million worth of common shares  urn:newsml:reuters.com:*:nBw3N4wMNa
    ** Also reports revenue of $63.3 mln for Q4, up from $4.4
mln in the same quarter last year
    ** Surge in revenue helped by the integration of Printronix,
a printer manufacturer ACTG acquired in October
    ** Shares have lost 13.2% YTD

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com;))