Digimarc Corporation (DMRC) Holdings Lifted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its holdings in shares of Digimarc Corporation (NASDAQ:DMRC) by 6.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,339 shares of the information technology services provider’s stock after acquiring an additional 540 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of Digimarc worth $334,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of DMRC. American International Group Inc. lifted its holdings in shares of Digimarc by 8.1% in the first quarter. American International Group Inc. now owns 5,198 shares of the information technology services provider’s stock valued at $140,000 after purchasing an additional 391 shares in the last quarter. Wolverine Trading LLC bought a new stake in shares of Digimarc in the second quarter valued at about $272,000. Alliancebernstein L.P. bought a new stake in shares of Digimarc in the second quarter valued at about $301,000. Rhumbline Advisers lifted its holdings in shares of Digimarc by 7.9% in the second quarter. Rhumbline Advisers now owns 11,265 shares of the information technology services provider’s stock valued at $452,000 after purchasing an additional 820 shares in the last quarter. Finally, Teachers Advisors LLC lifted its holdings in shares of Digimarc by 5.4% in the second quarter. Teachers Advisors LLC now owns 17,561 shares of the information technology services provider’s stock valued at $705,000 after purchasing an additional 893 shares in the last quarter. Hedge funds and other institutional investors own 56.00% of the company’s stock.

In related news, CEO Bruce L. Davis sold 5,000 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $36.29, for a total transaction of $181,450.00. Following the sale, the chief executive officer now owns 104,006 shares in the company, valued at $3,774,377.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joel Meyer sold 7,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The stock was sold at an average price of $35.03, for a total value of $245,210.00. Following the sale, the executive vice president now owns 63,551 shares in the company, valued at approximately $2,226,191.53. The disclosure for this sale can be found here. Insiders have sold 22,000 shares of company stock worth $778,160 in the last quarter. 7.50% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the company. Zacks Investment Research lowered Digimarc from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Cowen set a $50.00 price target on Digimarc and gave the company a “buy” rating in a report on Tuesday, October 24th. Finally, B. Riley restated a “buy” rating and issued a $44.00 price target on shares of Digimarc in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Digimarc presently has an average rating of “Hold” and an average price target of $45.33.

Shares of Digimarc Corporation (NASDAQ:DMRC) opened at $36.25 on Friday. Digimarc Corporation has a twelve month low of $24.20 and a twelve month high of $41.75.

Digimarc (NASDAQ:DMRC) last issued its quarterly earnings results on Thursday, October 26th. The information technology services provider reported ($0.39) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.30. Digimarc had a negative return on equity of 30.98% and a negative net margin of 90.69%. The company had revenue of $8.68 million for the quarter, compared to analyst estimates of $5.72 million. During the same period in the previous year, the company posted ($0.55) earnings per share. The company’s quarterly revenue was up 55.6% compared to the same quarter last year. equities analysts forecast that Digimarc Corporation will post -2.32 EPS for the current fiscal year.

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About Digimarc

Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover, Digimarc Barcode and Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.

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Institutional Ownership by Quarter for Digimarc (NASDAQ:DMRC)

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