Private Advisor Group LLC Raises Holdings in Digimarc Co. (NASDAQ:DMRC)

Private Advisor Group LLC lifted its stake in shares of Digimarc Co. (NASDAQ:DMRC) by 1.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 328,149 shares of the information technology services provider’s stock after buying an additional 5,618 shares during the quarter. Private Advisor Group LLC owned approximately 1.61% of Digimarc worth $11,853,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Silverberg Bernstein Capital Management LLC purchased a new stake in Digimarc in the fourth quarter valued at approximately $15,531,000. EAM Investors LLC raised its position in Digimarc by 61.1% in the 3rd quarter. EAM Investors LLC now owns 97,592 shares of the information technology services provider’s stock valued at $3,171,000 after purchasing an additional 37,024 shares during the last quarter. Swiss National Bank acquired a new stake in Digimarc during the 3rd quarter worth $1,017,000. Vanguard Group Inc. grew its position in Digimarc by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,121,044 shares of the information technology services provider’s stock worth $36,423,000 after purchasing an additional 25,679 shares during the last quarter. Finally, Lagoda Investment Management L.P. increased its stake in Digimarc by 2.1% in the third quarter. Lagoda Investment Management L.P. now owns 662,450 shares of the information technology services provider’s stock valued at $21,523,000 after purchasing an additional 13,330 shares during the period. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Tony Rodriguez sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $26.91, for a total value of $53,820.00. Following the sale, the executive vice president now directly owns 41,259 shares in the company, valued at $1,110,279.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Milena Alberti-Perez sold 4,900 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $30.84, for a total transaction of $151,116.00. Following the transaction, the director now directly owns 14,487 shares in the company, valued at $446,779.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Tony Rodriguez sold 2,000 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $26.91, for a total transaction of $53,820.00. Following the transaction, the executive vice president now directly owns 41,259 shares of the company’s stock, valued at approximately $1,110,279.69. The disclosure for this sale can be found here. Insiders own 19.30% of the company’s stock.

Digimarc Price Performance

Shares of NASDAQ DMRC traded down $0.04 during trading on Tuesday, hitting $22.95. 107,377 shares of the company were exchanged, compared to its average volume of 132,943. The firm’s fifty day moving average price is $26.77 and its 200 day moving average price is $31.67. Digimarc Co. has a 1 year low of $19.20 and a 1 year high of $43.43.

Digimarc (NASDAQ:DMRC) last released its quarterly earnings data on Wednesday, February 28th. The information technology services provider reported ($0.41) EPS for the quarter. Digimarc had a negative return on equity of 48.42% and a negative net margin of 114.38%. The company had revenue of $9.28 million for the quarter.

Wall Street Analysts Forecast Growth

DMRC has been the topic of a number of research reports. Craig Hallum lowered their price target on Digimarc from $35.00 to $28.00 and set a “hold” rating on the stock in a report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Digimarc in a report on Monday.

Digimarc Company Profile

Digimarc Corporation, together with its subsidiaries, provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc Validate protects, a cloud-based record of product authentication information; Digimarc Engage, an interactive communications channel connecting brands and consumers; and Digimarc Recycle.