American International Group Inc. increased its position in shares of Digimarc Corp (NASDAQ:DMRC) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,198 shares of the information technology services provider’s stock after buying an additional 391 shares during the period. American International Group Inc.’s holdings in Digimarc Corp were worth $140,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Digimarc Corp during the fourth quarter worth about $422,000. State Street Corp raised its position in Digimarc Corp by 10.7% in the fourth quarter. State Street Corp now owns 143,696 shares of the information technology services provider’s stock worth $4,311,000 after buying an additional 13,930 shares during the period. Teachers Advisors LLC raised its position in Digimarc Corp by 6.8% in the fourth quarter. Teachers Advisors LLC now owns 13,884 shares of the information technology services provider’s stock worth $417,000 after buying an additional 881 shares during the period. WealthTrust Arizona LLC raised its position in Digimarc Corp by 3.9% in the first quarter. WealthTrust Arizona LLC now owns 5,285 shares of the information technology services provider’s stock worth $143,000 after buying an additional 200 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in Digimarc Corp by 9.0% in the first quarter. Janney Montgomery Scott LLC now owns 61,525 shares of the information technology services provider’s stock worth $1,661,000 after buying an additional 5,100 shares during the period. Hedge funds and other institutional investors own 54.94% of the company’s stock.
Shares of Digimarc Corp (NASDAQ DMRC) opened at 30.65 on Monday. The firm’s 50-day moving average price is $34.60 and its 200-day moving average price is $29.73. Digimarc Corp has a one year low of $24.20 and a one year high of $41.75. The stock’s market capitalization is $330.10 million.
Digimarc Corp (NASDAQ:DMRC) last announced its earnings results on Wednesday, July 26th. The information technology services provider reported ($0.68) earnings per share for the quarter, meeting the consensus estimate of ($0.68). The company had revenue of $5.59 million during the quarter, compared to the consensus estimate of $5.69 million. Digimarc Corp had a negative return on equity of 37.52% and a negative net margin of 124.27%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned ($0.62) earnings per share. Equities research analysts anticipate that Digimarc Corp will post ($2.71) EPS for the current fiscal year.
WARNING: “American International Group Inc. Buys 391 Shares of Digimarc Corp (NASDAQ:DMRC)” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://stocknewstimes.com/2017/08/07/american-international-group-inc-buys-391-shares-of-digimarc-corp-nasdaqdmrc.html.
A number of research analysts recently issued reports on DMRC shares. Zacks Investment Research upgraded Digimarc Corp from a “sell” rating to a “hold” rating in a report on Friday, April 14th. B. Riley reiterated a “buy” rating and issued a $44.00 target price on shares of Digimarc Corp in a report on Tuesday, April 25th. ValuEngine upgraded Digimarc Corp from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Needham & Company LLC lifted their target price on Digimarc Corp from $33.00 to $42.00 and gave the company a “buy” rating in a report on Monday, June 19th. Finally, Cowen and Company lifted their target price on Digimarc Corp from $45.00 to $50.00 and gave the company an “outperform” rating in a report on Tuesday, June 27th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $45.75.
In other news, CEO Bruce L. Davis sold 700 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $38.17, for a total transaction of $26,719.00. Following the completion of the sale, the chief executive officer now directly owns 57,144 shares in the company, valued at $2,181,186.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joel Meyer sold 7,000 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $31.77, for a total value of $222,390.00. Following the sale, the executive vice president now owns 70,121 shares of the company’s stock, valued at $2,227,744.17. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock valued at $601,820 over the last 90 days. Insiders own 7.50% of the company’s stock.
Digimarc Corp Company Profile
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
Want to see what other hedge funds are holding DMRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Digimarc Corp (NASDAQ:DMRC).
Receive News & Ratings for Digimarc Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Digimarc Corp and related companies with MarketBeat.com's FREE daily email newsletter.
