Graham Capital Management L.P. Acquires New Stake in Digimarc Co. (NASDAQ:DMRC)

Graham Capital Management L.P. acquired a new stake in shares of Digimarc Co. (NASDAQ:DMRC) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 6,872 shares of the information technology services provider’s stock, valued at approximately $257,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in 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 buying an additional 5,726 shares in the last quarter. Private Advisor Group LLC increased its position in Digimarc by 3.0% during the 4th quarter. Private Advisor Group LLC now owns 370,394 shares of the information technology services provider’s stock valued at $13,871,000 after buying an additional 10,680 shares in the last quarter. Geode Capital Management LLC increased its position in Digimarc by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 355,673 shares of the information technology services provider’s stock valued at $13,323,000 after buying an additional 935 shares in the last quarter. Granahan Investment Management LLC bought a new position in Digimarc during the 4th quarter valued at approximately $9,341,000. Finally, Bank of New York Mellon Corp increased its position in Digimarc by 0.3% during 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 buying an additional 703 shares in the last quarter. Institutional investors own 66.85% of the company’s stock.

Digimarc Trading Down 0.8%

Shares of DMRC opened at $13.34 on Friday. The business’s fifty day simple moving average is $12.97 and its two-hundred day simple moving average is $26.60. Digimarc Co. has a 12 month low of $10.44 and a 12 month high of $48.32. The company has a market cap of $287.50 million, a price-to-earnings ratio of -6.84 and a beta of 1.44.

Analysts Set New Price Targets

Separately, Needham & Company LLC reduced their price objective on Digimarc from $40.00 to $30.00 and set a “buy” rating for the company 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.