Private Advisor Group LLC Raises Stake in Digimarc Co. (NASDAQ:DMRC)

Private Advisor Group LLC boosted its holdings in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 3.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 370,394 shares of the information technology services provider's stock after buying an additional 10,680 shares during the quarter. Private Advisor Group LLC owned 1.73% of Digimarc worth $13,871,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in Digimarc during the 3rd quarter worth approximately $106,000. FMR LLC increased its position in shares of Digimarc by 201.6% in the 3rd 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 last quarter. BNP Paribas Financial Markets increased its position in shares of Digimarc by 28.4% in the 3rd 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 last quarter. Verition Fund Management LLC purchased a new stake in shares of Digimarc in the 3rd quarter valued at approximately $216,000. Finally, JPMorgan Chase & Co. increased its position in shares of Digimarc by 41.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider's stock valued at $247,000 after purchasing an additional 2,695 shares during the last quarter. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Digimarc Trading Down 5.7 %

Shares of NASDAQ DMRC traded down $1.66 during mid-day trading on Friday, reaching $27.27. The company had a trading volume of 126,918 shares, compared to its average volume of 171,196. The firm has a 50 day simple moving average of $38.25 and a two-hundred day simple moving average of $32.84. The stock has a market cap of $584.02 million, a P/E ratio of -14.02 and a beta of 1.66. Digimarc Co. has a 52-week low of $21.00 and a 52-week high of $48.32.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reissued a "buy" rating and issued a $40.00 price objective on shares of Digimarc in a research report on Friday, November 15th.

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.