Private Advisor Group LLC Grows Position in Digimarc Co. (NASDAQ:DMRC)

Private Advisor Group LLC grew its stake in shares of Digimarc Co. (NASDAQ:DMRC) by 3.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 370,394 shares of the information technology services provider’s stock after purchasing an additional 10,680 shares during the period. Private Advisor Group LLC’s holdings in Digimarc were worth $13,871,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Beaconlight Capital LLC boosted its holdings in Digimarc by 3.4% during the third quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock worth $21,533,000 after buying an additional 26,425 shares in the last quarter. Woodson Capital Management LP lifted its position in shares of Digimarc by 18.5% during the 3rd quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider’s stock valued at $12,248,000 after acquiring an additional 71,126 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Digimarc by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 120,646 shares of the information technology services provider’s stock worth $3,243,000 after acquiring an additional 3,801 shares in the last quarter. Curi RMB Capital LLC grew its holdings in shares of Digimarc by 0.7% in the 3rd quarter. Curi RMB Capital LLC now owns 117,821 shares of the information technology services provider’s stock worth $3,167,000 after acquiring an additional 843 shares during the period. Finally, Barclays PLC increased its stake in Digimarc by 240.9% in the 3rd quarter. Barclays PLC now owns 25,172 shares of the information technology services provider’s stock valued at $677,000 after purchasing an additional 17,788 shares in the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Digimarc Trading Down 6.6 %

Shares of DMRC opened at $29.32 on Thursday. Digimarc Co. has a 12-month low of $21.00 and a 12-month high of $48.32. The stock has a market cap of $628.03 million, a P/E ratio of -15.04 and a beta of 1.66. The company has a 50-day moving average of $38.38 and a two-hundred day moving average of $32.87.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Digimarc in a research report on Friday, November 15th.

About Digimarc

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.