Kimelman & Baird LLC Has $21.83 Million Stock Holdings in Digimarc Co. (NASDAQ:DMRC)

Kimelman & Baird LLC increased its position in Digimarc Co. (NASDAQ:DMRC) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 582,777 shares of the information technology services provider’s stock after buying an additional 1,022 shares during the period. Digimarc accounts for approximately 1.7% of Kimelman & Baird LLC’s investment portfolio, making the stock its 21st biggest holding. Kimelman & Baird LLC owned about 2.72% of Digimarc worth $21,825,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in Digimarc by 3.3% in the 3rd 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 in the last quarter. FMR LLC lifted its position 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 acquiring an additional 3,331 shares in the last quarter. BNP Paribas Financial Markets lifted 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 valued at $210,000 after acquiring an additional 1,724 shares in the last quarter. Beaconlight Capital LLC lifted its position in Digimarc by 3.4% in the 3rd quarter. Beaconlight Capital LLC now owns 801,084 shares of the information technology services provider’s stock valued at $21,533,000 after acquiring an additional 26,425 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new position in Digimarc in the 3rd quarter valued at about $292,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Digimarc Stock Up 3.1 %

Digimarc stock opened at $14.47 on Monday. Digimarc Co. has a 52 week low of $13.95 and a 52 week high of $48.32. The company’s 50 day moving average price is $31.87 and its two-hundred day moving average price is $31.84. The stock has a market cap of $311.81 million, a P/E ratio of -7.42 and a beta of 1.61.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC dropped their price target on shares of Digimarc from $40.00 to $30.00 and set a “buy” rating on the stock in a research report on Thursday, February 27th.

Digimarc 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.