Redmond Asset Management LLC Takes $211,000 Position in Digimarc Corp (NASDAQ:DMRC)

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Redmond Asset Management LLC purchased a new stake in shares of Digimarc Corp (NASDAQ:DMRC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,743 shares of the information technology services provider’s stock, valued at approximately $211,000.

Other institutional investors also recently bought and sold shares of the company. Aperio Group LLC acquired a new stake in shares of Digimarc in the 2nd quarter valued at $72,000. Janney Montgomery Scott LLC lifted its stake in shares of Digimarc by 3.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 46,360 shares of the information technology services provider’s stock valued at $2,058,000 after purchasing an additional 1,753 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Digimarc by 58,800.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,356 shares of the information technology services provider’s stock valued at $74,000 after purchasing an additional 2,352 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of Digimarc by 11.8% in the 2nd quarter. Advisor Group Inc. now owns 26,566 shares of the information technology services provider’s stock valued at $1,179,000 after purchasing an additional 2,811 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in shares of Digimarc by 17.5% in the 4th quarter. Bank of America Corp DE now owns 23,737 shares of the information technology services provider’s stock valued at $344,000 after purchasing an additional 3,541 shares during the last quarter. Institutional investors and hedge funds own 59.53% of the company’s stock.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Digimarc from a “hold” rating to a “sell” rating in a research note on Wednesday, June 12th. B. Riley lowered shares of Digimarc from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $44.00 to $57.50 in a research report on Thursday, May 30th. BidaskClub lowered shares of Digimarc from a “hold” rating to a “sell” rating in a research report on Wednesday, July 24th. National Securities lowered shares of Digimarc from a “buy” rating to a “neutral” rating in a research report on Monday, May 6th. Finally, Needham & Company LLC lowered shares of Digimarc from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $48.70.

Digimarc stock traded down $1.15 on Thursday, reaching $40.15. 4,178 shares of the stock were exchanged, compared to its average volume of 119,537. The firm has a market cap of $513.36 million, a PE ratio of -14.34 and a beta of 0.02. Digimarc Corp has a twelve month low of $14.03 and a twelve month high of $66.50. The company’s fifty day moving average is $45.20.

Digimarc (NASDAQ:DMRC) last released its earnings results on Wednesday, July 24th. The information technology services provider reported ($0.68) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.75) by $0.07. The firm had revenue of $6.18 million during the quarter. Digimarc had a negative net margin of 149.00% and a negative return on equity of 56.59%.

In other Digimarc news, Director Andrew Walter sold 2,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $51.24, for a total transaction of $102,480.00. Following the completion of the transaction, the director now owns 12,110 shares of the company’s stock, valued at approximately $620,516.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Tony Rodriguez sold 1,398 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $63.02, for a total transaction of $88,101.96. Following the transaction, the executive vice president now directly owns 53,890 shares of the company’s stock, valued at approximately $3,396,147.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,398 shares of company stock valued at $291,102. Company insiders own 6.38% of the company’s stock.

Digimarc Company Profile

Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.

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Institutional Ownership by Quarter for Digimarc (NASDAQ:DMRC)

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