Kimelman & Baird LLC Reduces Stock Position in Digimarc Corp (NASDAQ:DMRC)

Kimelman & Baird LLC reduced its holdings in Digimarc Corp (NASDAQ:DMRC) by 0.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 491,474 shares of the information technology services provider’s stock after selling 1,132 shares during the period. Digimarc comprises approximately 2.7% of Kimelman & Baird LLC’s portfolio, making the stock its 15th biggest holding. Kimelman & Baird LLC’s holdings in Digimarc were worth $19,212,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of DMRC. BlackRock Inc. lifted its holdings in shares of Digimarc by 4.7% in the 2nd quarter. BlackRock Inc. now owns 781,427 shares of the information technology services provider’s stock worth $34,687,000 after acquiring an additional 35,124 shares during the last quarter. Pratt Collard Advisory Partners LLC lifted its holdings in shares of Digimarc by 5.2% in the 3rd quarter. Pratt Collard Advisory Partners LLC now owns 171,050 shares of the information technology services provider’s stock worth $6,686,000 after acquiring an additional 8,438 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Digimarc by 158.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 121,383 shares of the information technology services provider’s stock worth $5,388,000 after acquiring an additional 74,502 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Digimarc by 11.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 100,000 shares of the information technology services provider’s stock worth $3,909,000 after acquiring an additional 10,000 shares during the last quarter. Finally, RMB Capital Management LLC lifted its holdings in shares of Digimarc by 259.1% in the 2nd quarter. RMB Capital Management LLC now owns 83,274 shares of the information technology services provider’s stock worth $3,697,000 after acquiring an additional 60,086 shares during the last quarter. 64.31% of the stock is owned by institutional investors and hedge funds.

NASDAQ DMRC traded down $0.16 during trading on Tuesday, reaching $34.50. 116,881 shares of the company’s stock traded hands, compared to its average volume of 111,348. The firm has a market cap of $433.99 million, a price-to-earnings ratio of -12.06 and a beta of -0.04. The company’s 50 day simple moving average is $35.66 and its two-hundred day simple moving average is $42.58. Digimarc Corp has a 12-month low of $14.03 and a 12-month high of $66.50.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Wednesday, October 30th. The information technology services provider reported ($0.65) EPS for the quarter, beating analysts’ consensus estimates of ($0.71) by $0.06. The business had revenue of $5.83 million for the quarter, compared to the consensus estimate of $5.80 million. Digimarc had a negative net margin of 140.51% and a negative return on equity of 57.32%. As a group, analysts predict that Digimarc Corp will post -2.81 earnings per share for the current year.

Several equities research analysts have recently issued reports on DMRC shares. Needham & Company LLC restated a “hold” rating on shares of Digimarc in a report on Monday, November 4th. Northland Securities restated a “buy” rating and issued a $40.00 target price on shares of Digimarc in a report on Monday, November 4th. ValuEngine lowered shares of Digimarc from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, BidaskClub lowered shares of Digimarc from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $48.10.

In other Digimarc news, EVP Tony Rodriguez sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $35.00, for a total transaction of $70,000.00. Following the transaction, the executive vice president now owns 28,341 shares of the company’s stock, valued at approximately $991,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 6.38% of the company’s stock.

About Digimarc

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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