Curi RMB Capital LLC Sells 67,488 Shares of Digimarc Co. (NASDAQ:DMRC)

Curi RMB Capital LLC lowered its position in shares of Digimarc Co. (NASDAQ:DMRC) by 57.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,333 shares of the information technology services provider’s stock after selling 67,488 shares during the period. Curi RMB Capital LLC owned about 0.23% of Digimarc worth $1,885,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DMRC. KLP Kapitalforvaltning AS purchased a new position in shares of Digimarc during the 4th quarter valued at about $105,000. 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 worth $134,000 after acquiring an additional 3,331 shares in the last quarter. Independent Solutions Wealth Management LLC bought a new stake in shares of Digimarc in the 4th quarter worth approximately $232,000. Invesco Ltd. purchased a new stake in shares of Digimarc in the 4th quarter valued at $244,000. Finally, SG Americas Securities LLC grew its holdings in shares of Digimarc by 65.6% during the 4th quarter. SG Americas Securities LLC now owns 6,538 shares of the information technology services provider’s stock valued at $245,000 after purchasing an additional 2,590 shares during the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Price Performance

Shares of Digimarc stock opened at $11.59 on Monday. Digimarc Co. has a one year low of $10.44 and a one year high of $48.32. The business’s 50 day simple moving average is $17.26 and its two-hundred day simple moving average is $28.98. The stock has a market capitalization of $249.74 million, a P/E ratio of -5.94 and a beta of 1.53.

Analysts Set New Price Targets

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

Digimarc Company 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.