Independent Solutions Wealth Management LLC Purchases Shares of 6,208 Digimarc Co. (NASDAQ:DMRC)

Independent Solutions Wealth Management LLC purchased a new stake in shares of Digimarc Co. (NASDAQ:DMRC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,208 shares of the information technology services provider’s stock, valued at approximately $232,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in shares of Digimarc by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 120,646 shares of the information technology services provider’s stock valued at $3,243,000 after purchasing an additional 3,801 shares during the period. FMR LLC raised its stake in shares of Digimarc by 201.6% during the third quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock valued at $134,000 after purchasing an additional 3,331 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Digimarc by 28.4% during the third quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock valued at $210,000 after purchasing an additional 1,724 shares during the period. Beaconlight Capital LLC raised its stake in shares of Digimarc by 3.4% during the third quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock valued at $21,533,000 after purchasing an additional 26,425 shares during the period. Finally, PEAK6 Investments LLC purchased a new stake in shares of Digimarc during the third quarter valued at approximately $292,000. 66.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC dropped their price objective on shares of Digimarc from $40.00 to $30.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th.

Digimarc Stock Performance

DMRC opened at $14.31 on Friday. Digimarc Co. has a 1-year low of $13.95 and a 1-year high of $48.32. The company has a 50-day moving average of $28.84 and a 200-day moving average of $31.30. The company has a market capitalization of $308.37 million, a P/E ratio of -7.34 and a beta of 1.61.

Digimarc 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.