Baillie Gifford & Co. Sells 96,356 Shares of Digimarc Co. (NASDAQ:DMRC)

Baillie Gifford & Co. lessened its holdings in shares of Digimarc Co. (NASDAQ:DMRC - Free Report) by 11.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 722,259 shares of the information technology services provider's stock after selling 96,356 shares during the quarter. Baillie Gifford & Co. owned about 3.55% of Digimarc worth $26,088,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of Digimarc by 2.3% during the third quarter. Vanguard Group Inc. now owns 1,121,044 shares of the information technology services provider's stock valued at $36,423,000 after purchasing an additional 25,679 shares during the last quarter. BlackRock Inc. boosted its position in shares of Digimarc by 8.9% in the second quarter. BlackRock Inc. now owns 921,053 shares of the information technology services provider's stock worth $27,116,000 after purchasing an additional 75,310 shares during the period. Lagoda Investment Management L.P. grew its position in shares of Digimarc by 2.1% during the third quarter. Lagoda Investment Management L.P. now owns 662,450 shares of the information technology services provider's stock worth $21,523,000 after purchasing an additional 13,330 shares in the last quarter. Silverberg Bernstein Capital Management LLC bought a new position in shares of Digimarc during the fourth quarter worth $15,531,000. Finally, Private Advisor Group LLC lifted its position in shares of Digimarc by 2.0% in the third quarter. Private Advisor Group LLC now owns 322,531 shares of the information technology services provider's stock worth $10,479,000 after buying an additional 6,387 shares in the last quarter. Hedge funds and other institutional investors own 66.85% of the company's stock.

Digimarc Stock Performance

Shares of NASDAQ:DMRC traded up $0.43 on Thursday, reaching $24.22. The company's stock had a trading volume of 76,129 shares, compared to its average volume of 121,345. The company has a market cap of $495.06 million, a P/E ratio of -10.62 and a beta of 1.10. Digimarc Co. has a 52-week low of $16.13 and a 52-week high of $43.43. The company has a 50-day simple moving average of $32.12 and a 200 day simple moving average of $32.66.

Digimarc (NASDAQ:DMRC - Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The information technology services provider reported ($0.41) earnings per share for the quarter. The company had revenue of $9.28 million for the quarter. Digimarc had a negative net margin of 131.87% and a negative return on equity of 50.45%.

Insider Transactions at Digimarc

In other news, EVP Tony Rodriguez sold 2,000 shares of the business's stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $26.91, for a total transaction of $53,820.00. Following the completion of the sale, the executive vice president now directly owns 41,259 shares of the company's stock, valued at $1,110,279.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Digimarc news, Director Milena Alberti-Perez sold 4,900 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $30.84, for a total value of $151,116.00. Following the completion of the sale, the director now directly owns 14,487 shares in the company, valued at $446,779.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Tony Rodriguez sold 2,000 shares of Digimarc stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $26.91, for a total transaction of $53,820.00. Following the completion of the sale, the executive vice president now owns 41,259 shares of the company's stock, valued at $1,110,279.69. The disclosure for this sale can be found here. Company insiders own 20.50% of the company's stock.

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.