Samjo Management LLC Buys 59,896 Shares of Digimarc Co. (NASDAQ:DMRC)

Samjo Management LLC boosted its position in Digimarc Co. (NASDAQ:DMRC - Free Report) by 79.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 135,296 shares of the information technology services provider's stock after buying an additional 59,896 shares during the quarter. Digimarc makes up about 1.9% of Samjo Management LLC's holdings, making the stock its 18th biggest position. Samjo Management LLC owned about 0.63% of Digimarc worth $5,067,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in shares of Digimarc by 3.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 120,646 shares of the information technology services provider's stock valued at $3,243,000 after acquiring an additional 3,801 shares during the period. FMR LLC boosted its holdings in 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 period. BNP Paribas Financial Markets grew its position in 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 worth $210,000 after purchasing an additional 1,724 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Digimarc during the 3rd quarter worth about $216,000. Finally, Barclays PLC raised its position in shares of Digimarc by 240.9% during the third quarter. Barclays PLC now owns 25,172 shares of the information technology services provider's stock valued at $677,000 after buying an additional 17,788 shares during the last quarter. Institutional investors own 66.85% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC cut their price target on Digimarc from $40.00 to $30.00 and set a "buy" rating for the company in a report on Thursday, February 27th.

Digimarc Trading Down 6.4 %

NASDAQ DMRC traded down $0.81 on Thursday, reaching $11.85. The company's stock had a trading volume of 107,710 shares, compared to its average volume of 161,446. The firm has a market cap of $255.24 million, a PE ratio of -6.05 and a beta of 1.53. Digimarc Co. has a 52 week low of $10.44 and a 52 week high of $48.32. The business has a 50-day moving average price of $20.63 and a 200 day moving average price of $29.71.

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.