Digimarc Co. (NASDAQ:DMRC) is Beaconlight Capital LLC’s 7th Largest Position

Beaconlight Capital LLC lifted its stake in Digimarc Co. (NASDAQ:DMRCGet Rating) by 19.3% in the 4th quarter, HoldingsChannel reports. The fund owned 293,666 shares of the information technology services provider’s stock after purchasing an additional 47,428 shares during the quarter. Digimarc comprises 4.0% of Beaconlight Capital LLC’s investment portfolio, making the stock its 7th largest position. Beaconlight Capital LLC’s holdings in Digimarc were worth $11,594,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its position in shares of Digimarc by 21.1% in the 3rd quarter. Royal Bank of Canada now owns 1,219 shares of the information technology services provider’s stock worth $42,000 after acquiring an additional 212 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Digimarc by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 6,437 shares of the information technology services provider’s stock valued at $222,000 after buying an additional 253 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Digimarc by 18.4% during the 4th quarter. BNP Paribas Arbitrage SA now owns 2,742 shares of the information technology services provider’s stock valued at $108,000 after buying an additional 426 shares in the last quarter. Geode Capital Management LLC increased its position in Digimarc by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 231,131 shares of the information technology services provider’s stock valued at $9,125,000 after buying an additional 587 shares in the last quarter. Finally, Citigroup Inc. increased its position in Digimarc by 132.2% during the 3rd quarter. Citigroup Inc. now owns 1,477 shares of the information technology services provider’s stock valued at $51,000 after buying an additional 841 shares in the last quarter. 57.95% of the stock is owned by hedge funds and other institutional investors.

In related news, CEO Riley Mccormack bought 20,000 shares of the stock in a transaction dated Tuesday, March 8th. The shares were purchased at an average price of $23.99 per share, for a total transaction of $479,800.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alicia Syrett bought 2,500 shares of the stock in a transaction dated Tuesday, March 8th. The stock was bought at an average price of $22.53 per share, for a total transaction of $56,325.00. The disclosure for this purchase can be found here. 23.33% of the stock is currently owned by corporate insiders.

NASDAQ:DMRC traded up $0.96 during mid-day trading on Friday, hitting $16.93. 814 shares of the company’s stock traded hands, compared to its average volume of 137,336. The company has a fifty day moving average of $23.99 and a 200 day moving average of $32.01. The company has a market capitalization of $337.60 million, a P/E ratio of -6.05 and a beta of 1.24. Digimarc Co. has a twelve month low of $15.13 and a twelve month high of $53.74.

Digimarc (NASDAQ:DMRCGet Rating) last announced its quarterly earnings data on Thursday, May 12th. The information technology services provider reported ($0.83) earnings per share for the quarter. The firm had revenue of $7.41 million during the quarter. Digimarc had a negative net margin of 162.75% and a negative return on equity of 58.79%.

Separately, StockNews.com assumed coverage on Digimarc in a research report on Thursday, March 31st. They set a “sell” rating on the stock.

About Digimarc (Get Rating)

Digimarc Corporation provides automatic identification solutions to commercial and government customers in the United States and internationally. The company offers Digimarc watermarks, a data carrier that provides a digital identity to media objects; Digimarc Discover, a software for computing devices and network interfaces that recognize and decode indicia of the identity of media; and Digimarc Verify, a suite of software tools used to inspect and verify that the identification and discovery of media.

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Institutional Ownership by Quarter for Digimarc (NASDAQ:DMRC)

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