Knightsbridge Asset Management LLC Invests $716,000 in Digimarc Co. (NASDAQ:DMRC)

Knightsbridge Asset Management LLC purchased a new position in Digimarc Co. (NASDAQ:DMRC - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,113 shares of the information technology services provider's stock, valued at approximately $716,000. Knightsbridge Asset Management LLC owned about 0.09% of Digimarc at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. KLP Kapitalforvaltning AS bought a new stake in shares of Digimarc in the 4th quarter worth approximately $105,000. Tower Research Capital LLC TRC lifted its holdings in shares of Digimarc by 469.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,951 shares of the information technology services provider's stock worth $111,000 after purchasing an additional 2,433 shares during 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. bought a new stake in shares of Digimarc in the 4th quarter worth approximately $244,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Digimarc by 65.6% in the 4th 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. Institutional investors own 66.85% of the company's stock.

Digimarc Trading Down 5.2 %

DMRC stock traded down $0.71 during mid-day trading on Wednesday, reaching $12.90. 103,562 shares of the stock traded hands, compared to its average volume of 163,286. Digimarc Co. has a 52-week low of $10.44 and a 52-week high of $48.32. The company has a market cap of $277.97 million, a P/E ratio of -6.62 and a beta of 1.53. The stock's fifty day moving average is $14.45 and its 200-day moving average is $28.21.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC cut their target price on Digimarc from $40.00 to $30.00 and set a "buy" rating on the stock 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.