Suffolk Capital Management LLC Has $846,000 Holdings in Digimarc Corp (DMRC)

Suffolk Capital Management LLC lessened its holdings in shares of Digimarc Corp (NASDAQ:DMRC) by 35.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 23,394 shares of the information technology services provider’s stock after selling 13,117 shares during the quarter. Suffolk Capital Management LLC owned about 0.21% of Digimarc worth $846,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Hood River Capital Management LLC boosted its position in Digimarc by 23.3% during the 4th quarter. Hood River Capital Management LLC now owns 253,004 shares of the information technology services provider’s stock worth $9,146,000 after acquiring an additional 47,774 shares during the period. Pratt Collard Advisory Partners LLC acquired a new position in Digimarc during the 4th quarter worth $5,016,000. Janney Montgomery Scott LLC boosted its position in Digimarc by 4.3% during the 3rd quarter. Janney Montgomery Scott LLC now owns 80,222 shares of the information technology services provider’s stock worth $2,936,000 after acquiring an additional 3,289 shares during the period. Lagoda Investment Management L.P. boosted its position in Digimarc by 3.1% during the 3rd quarter. Lagoda Investment Management L.P. now owns 687,296 shares of the information technology services provider’s stock worth $25,155,000 after acquiring an additional 20,750 shares during the period. Finally, Formula Growth Ltd. acquired a new position in Digimarc during the 3rd quarter worth $3,614,000. Institutional investors own 57.31% of the company’s stock.

Shares of Digimarc Corp (DMRC) opened at $31.15 on Friday. The firm has a market capitalization of $373.24, a price-to-earnings ratio of -13.84 and a beta of -1.35. Digimarc Corp has a twelve month low of $24.20 and a twelve month high of $41.75.

A number of research analysts have issued reports on the company. ValuEngine upgraded Digimarc from a “sell” rating to a “hold” rating in a research report on Tuesday. BidaskClub lowered Digimarc from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Zacks Investment Research upgraded Digimarc from a “sell” rating to a “hold” rating in a research report on Tuesday, January 23rd. Cowen set a $50.00 price target on Digimarc and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Finally, B. Riley reiterated a “buy” rating and set a $44.00 price target on shares of Digimarc in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $45.33.

In other news, CEO Bruce L. Davis sold 5,000 shares of the company’s stock in a transaction on Friday, December 1st. The stock was sold at an average price of $36.29, for a total value of $181,450.00. Following the completion of the sale, the chief executive officer now owns 104,006 shares in the company, valued at $3,774,377.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Bruce L. Davis sold 9,444 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $35.78, for a total value of $337,906.32. Following the completion of the sale, the chief executive officer now owns 87,014 shares of the company’s stock, valued at approximately $3,113,360.92. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,444 shares of company stock valued at $1,036,556. Insiders own 7.50% of the company’s stock.

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Digimarc Profile

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.

Institutional Ownership by Quarter for Digimarc (NASDAQ:DMRC)

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