Digimarc Co. (NASDAQ:DMRC) Shares Bought by Samjo Management LLC

Samjo Management LLC lifted its position in shares of Digimarc Co. (NASDAQ:DMRC) by 79.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,296 shares of the information technology services provider’s stock after buying an additional 59,896 shares during the quarter. Digimarc makes up 1.9% of Samjo Management LLC’s investment portfolio, making the stock its 18th largest position. Samjo Management LLC owned about 0.63% of Digimarc worth $5,067,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DMRC. Vanguard Group Inc. increased its stake in shares of Digimarc by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,308,979 shares of the information technology services provider’s stock valued at $49,021,000 after acquiring an additional 5,726 shares during the last quarter. Private Advisor Group LLC increased its position in Digimarc by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 370,394 shares of the information technology services provider’s stock worth $13,871,000 after purchasing an additional 10,680 shares during the last quarter. Geode Capital Management LLC raised its stake in Digimarc by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 355,673 shares of the information technology services provider’s stock worth $13,323,000 after purchasing an additional 935 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Digimarc by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 228,780 shares of the information technology services provider’s stock valued at $8,568,000 after purchasing an additional 703 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Digimarc by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 122,654 shares of the information technology services provider’s stock valued at $4,593,000 after purchasing an additional 2,008 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Digimarc Stock Down 6.1 %

DMRC opened at $11.57 on Friday. Digimarc Co. has a 52-week low of $11.35 and a 52-week high of $48.32. The company has a 50 day moving average of $23.25 and a two-hundred day moving average of $30.29. The company has a market cap of $249.31 million, a P/E ratio of -5.93 and a beta of 1.61.

Analyst Upgrades and Downgrades

Separately, Needham & Company LLC cut their target price on Digimarc from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th.

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.