Curi RMB Capital LLC Cuts Stake in Digimarc Co. (NASDAQ:DMRC)

Curi RMB Capital LLC decreased its position in Digimarc Co. (NASDAQ:DMRC - Free Report) by 57.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,333 shares of the information technology services provider's stock after selling 67,488 shares during the quarter. Curi RMB Capital LLC owned approximately 0.23% of Digimarc worth $1,885,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new stake in Digimarc during the 4th quarter valued at $105,000. FMR LLC boosted its holdings in shares of Digimarc by 201.6% during the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider's stock valued at $134,000 after acquiring an additional 3,331 shares during the last quarter. Independent Solutions Wealth Management LLC purchased a new position in shares of Digimarc during the fourth quarter valued at approximately $232,000. Invesco Ltd. bought a new position in Digimarc during the fourth quarter valued at approximately $244,000. Finally, SG Americas Securities LLC boosted its holdings in Digimarc by 65.6% in the fourth quarter. SG Americas Securities LLC now owns 6,538 shares of the information technology services provider's stock worth $245,000 after purchasing an additional 2,590 shares during the last quarter. Hedge funds and other institutional investors own 66.85% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC cut their price objective on Digimarc from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, February 27th.

Digimarc Stock Down 2.0 %

NASDAQ:DMRC traded down $0.27 during mid-day trading on Friday, hitting $12.98. 166,232 shares of the company traded hands, compared to its average volume of 252,440. The stock's fifty day moving average price is $15.46 and its 200-day moving average price is $28.52. Digimarc Co. has a one year low of $10.44 and a one year high of $48.32. The firm has a market cap of $279.69 million, a price-to-earnings ratio of -6.66 and a beta of 1.53.

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.