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Insider Buy CEO Buy New Position December 15, 2020

Tobia Alfred Victor Jr. purchased ~$754K in Acacia Research Corporation stock

Acacia Research Corporation (ACTG)  ·  President & CIO  ·  Data via SEC EDGAR Form 4

Verity Signals Research Published Updated

= insider buy date

90-day return

+70.0%

vs SPY +7.7%

ACTG price after insider trade by Tobia Alfred Victor Jr.

Insider

Tobia Alfred Victor Jr.

Role

President & CIO

Transaction

Open-Market Purchase

Approx. Value

~$754K

Trade Date

Dec 15, 2020

Company

Acacia Research Corporation

Ticker

ACTG

Source

SEC EDGAR Form 4

Strong conviction signal

Scored above average across multiple factors. Roughly 15% of insider trades qualify as Strong.

~$754K purchase

A significant position. Insiders who invest $500K+ of their own money typically have strong views on their company's near-term outlook.

President & CIO

Corporate insiders must file trades with the SEC within 2 business days. Their unique access to non-public information makes these filings valuable data points.

+70.0% in 90 days (S&P 500: +7.7%)

This trade beat the S&P 500 by 62.2 percentage points over 90 days. We track performance on every insider trade so you can see who consistently outperforms.

TA

How good is Tobia Alfred Victor Jr. at picking stocks?

Full track record: win rate, average return, and performance vs S&P 500

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On December 15, 2020, Tobia Alfred Victor Jr. — President & CIO of Acacia Research Corporation — filed a Form 4 with the SEC disclosing an open-market purchase of approximately ~$754K in Acacia Research Corporation (ACTG) stock.

Under Section 16(a) of the Securities Exchange Act of 1934, corporate insiders must report all open-market stock transactions to the SEC within two business days. These filings — known as Form 4s — are publicly available on the SEC's EDGAR database. VeritySignals filters and scores the full Form 4 stream to surface high-conviction signals like this one.

In the 90 days following this trade, ACTG returned +70.0% versus +7.7% for the S&P 500 over the same period.

Full Conviction Analysis

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All data sourced from publicly available SEC Form 4 filings via EDGAR · Not financial advice · Past performance does not guarantee future results.

Signal strength Strong
Trade size ~$754K
Insider role President & CIO
90-day return +70.0%
vs S&P 500 +62.2%

What is this?

When company executives buy or sell their own stock, they must report it to the SEC within 2 days. These public filings reveal what the people who know the company best are doing with their own money.

Why does it matter?

Insiders can sell for many reasons (taxes, diversification, expenses), but they generally only buy for one: they think the stock is going up. That's why insider purchases are more predictive than sales.

What makes a trade "strong"?

We score trades on 15+ factors: the insider's role (CEO > director), trade size relative to their salary, whether other insiders also bought (clusters), and historical accuracy of the insider.

Read our full methodology →

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