Moody National Bank Trust Division Purchases New Position in Digimarc Co. (NASDAQ:DMRC)

Moody National Bank Trust Division bought a new position in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,333 shares of the information technology services provider's stock, valued at approximately $574,000. Moody National Bank Trust Division owned about 0.07% of Digimarc as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DMRC. Beaconlight Capital LLC boosted its position 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 valued at $21,533,000 after acquiring an additional 26,425 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Digimarc during the 2nd quarter valued at about $18,249,000. Silverberg Bernstein Capital Management LLC boosted its position in shares of Digimarc by 4.0% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider's stock valued at $12,363,000 after purchasing an additional 17,880 shares in the last quarter. Woodson Capital Management LP grew its stake in Digimarc by 18.5% during the third quarter. Woodson Capital Management LP now owns 455,664 shares of the information technology services provider's stock worth $12,248,000 after purchasing an additional 71,126 shares during the period. Finally, Private Advisor Group LLC increased its holdings in Digimarc by 2.2% in the third quarter. Private Advisor Group LLC now owns 359,714 shares of the information technology services provider's stock worth $9,669,000 after purchasing an additional 7,806 shares in the last quarter. 66.85% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. StockNews.com raised shares of Digimarc to a "sell" rating in a research report on Tuesday, September 17th. Needham & Company LLC restated a "buy" rating and issued a $40.00 price target on shares of Digimarc in a report on Friday, November 15th.

Digimarc Stock Performance

Shares of NASDAQ DMRC traded up $2.27 during midday trading on Wednesday, hitting $43.83. 201,734 shares of the stock traded hands, compared to its average volume of 246,515. Digimarc Co. has a one year low of $21.00 and a one year high of $48.32. The business has a 50 day moving average price of $36.17 and a two-hundred day moving average price of $31.96. The company has a market cap of $938.88 million, a PE ratio of -22.48 and a beta of 1.67.

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.