Handelsbanken Fonder AB Acquires Shares of 13,700 Digimarc Corp (DMRC)
Handelsbanken Fonder AB bought a new stake in Digimarc Corp (NASDAQ:DMRC) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,700 shares of the information technology services provider’s stock, valued at approximately $431,000. Handelsbanken Fonder AB owned 0.12% of Digimarc as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Northern Trust Corp raised its position in Digimarc by 10.8% in the second quarter. Northern Trust Corp now owns 155,051 shares of the information technology services provider’s stock valued at $4,155,000 after purchasing an additional 15,098 shares during the period. Jane Street Group LLC purchased a new stake in Digimarc in the second quarter valued at $1,138,000. PEAK6 Investments L.P. purchased a new stake in Digimarc in the second quarter valued at $1,097,000. Janus Henderson Group PLC raised its position in Digimarc by 56.3% in the second quarter. Janus Henderson Group PLC now owns 918,597 shares of the information technology services provider’s stock valued at $24,618,000 after purchasing an additional 331,052 shares during the period. Finally, BlackRock Inc. raised its position in Digimarc by 15.9% in the second quarter. BlackRock Inc. now owns 715,481 shares of the information technology services provider’s stock valued at $19,174,000 after purchasing an additional 98,190 shares during the period. Institutional investors own 55.55% of the company’s stock.
In other news, CEO Bruce L. Davis sold 8,930 shares of Digimarc stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $30.27, for a total value of $270,311.10. Following the completion of the sale, the chief executive officer now directly owns 60,887 shares of the company’s stock, valued at $1,843,049.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 7.50% of the company’s stock.
Digimarc (NASDAQ:DMRC) last issued its quarterly earnings data on Wednesday, August 1st. The information technology services provider reported ($0.71) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.81) by $0.10. Digimarc had a negative return on equity of 37.68% and a negative net margin of 116.98%. The business had revenue of $5.44 million during the quarter, compared to analysts’ expectations of $5.28 million. Equities research analysts predict that Digimarc Corp will post -2.92 EPS for the current fiscal year.
A number of research firms have commented on DMRC. BidaskClub downgraded Digimarc from a “buy” rating to a “hold” rating in a research report on Monday, June 25th. ValuEngine downgraded Digimarc from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Finally, Zacks Investment Research upgraded Digimarc from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, June 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Digimarc has an average rating of “Buy” and a consensus price target of $40.60.
Digimarc Corporation provides media identification and management solutions to commercial entities and government customers in the United States and internationally. The company offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
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