Inspire Advisors LLC Acquires New Holdings in Digimarc Corporation (NASDAQ:DMRC)

Key Points

• Inspire Advisors LLC acquired a new stake in Digimarc Corporation, purchasing 72,008 shares valued at approximately $923,000 during the first quarter.
• Other institutional investors have increased their holdings in Digimarc, with JPMorgan Chase & Co. raising its stake by an impressive 528.2% in the fourth quarter.
• As of now, Digimarc's stock is trading at $12.17, reflecting a 0.7% decline recently, with a market cap of approximately $262.29 million.

Inspire Advisors LLC acquired a new position in shares of Digimarc Corporation (NASDAQ:DMRC - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 72,008 shares of the information technology services provider's stock, valued at approximately $923,000. Inspire Advisors LLC owned 0.33% of Digimarc as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Versant Capital Management Inc increased its stake in Digimarc by 1,048.5% in the 1st quarter. Versant Capital Management Inc now owns 1,941 shares of the information technology services provider's stock valued at $25,000 after buying an additional 1,772 shares during the last quarter. GAMMA Investing LLC increased its stake in Digimarc by 3,888.2% in the 1st quarter. GAMMA Investing LLC now owns 5,743 shares of the information technology services provider's stock valued at $74,000 after buying an additional 5,599 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Digimarc in the 4th quarter valued at $105,000. Tower Research Capital LLC TRC increased its stake in 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 valued at $111,000 after buying an additional 2,433 shares during the last quarter. Finally, Grimes & Company Inc. acquired a new stake in Digimarc in the 1st quarter valued at $170,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Digimarc Stock Up 1.4%

Shares of DMRC stock traded up $0.17 on Wednesday, reaching $12.44. The stock had a trading volume of 24,580 shares, compared to its average volume of 209,960. The firm's 50-day moving average is $13.01 and its two-hundred day moving average is $18.42. The firm has a market capitalization of $268.11 million, a price-to-earnings ratio of -6.62 and a beta of 1.40. Digimarc Corporation has a 12 month low of $10.44 and a 12 month high of $48.32.

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.