Digimarc Co. (NASDAQ:DMRC) is Lagoda Investment Management L.P.'s 2nd Largest Position

Lagoda Investment Management L.P. lifted its stake in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 6.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 628,275 shares of the information technology services provider's stock after acquiring an additional 39,750 shares during the period. Digimarc makes up 12.7% of Lagoda Investment Management L.P.'s investment portfolio, making the stock its 2nd biggest position. Lagoda Investment Management L.P. owned about 2.93% of Digimarc worth $23,529,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Janus Henderson Group PLC bought a new stake in shares of Digimarc during the 4th quarter valued at about $244,000. Graham Capital Management L.P. bought a new position in Digimarc during the fourth quarter valued at approximately $257,000. Granahan Investment Management LLC bought a new position in Digimarc in the fourth quarter worth approximately $9,341,000. Deutsche Bank AG raised its position in Digimarc by 9.9% in the fourth quarter. Deutsche Bank AG now owns 60,658 shares of the information technology services provider's stock worth $2,272,000 after acquiring an additional 5,451 shares during the period. Finally, D. E. Shaw & Co. Inc. increased its stake in shares of Digimarc by 93.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 105,028 shares of the information technology services provider's stock worth $3,933,000 after purchasing an additional 50,690 shares in the last quarter. Hedge funds and other institutional investors own 66.85% of the company's stock.

Analysts Set New Price Targets

Separately, Needham & Company LLC cut their target price 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 Price Performance

Shares of NASDAQ:DMRC traded down $0.11 during trading hours on Friday, hitting $13.34. The company's stock had a trading volume of 138,783 shares, compared to its average volume of 164,889. The company has a market capitalization of $287.50 million, a price-to-earnings ratio of -6.84 and a beta of 1.44. The firm's fifty day moving average price is $12.97 and its 200 day moving average price is $26.64. Digimarc Co. has a 52 week low of $10.44 and a 52 week high of $48.32.

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.