Titleist Asset Management LLC Has $213,000 Stake in Digimarc Co. (NASDAQ:DMRC)

Titleist Asset Management LLC lowered its stake in shares of Digimarc Co. (NASDAQ:DMRC) by 34.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,700 shares of the information technology services provider’s stock after selling 3,000 shares during the quarter. Titleist Asset Management LLC’s holdings in Digimarc were worth $213,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Digimarc by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,308,979 shares of the information technology services provider’s stock valued at $49,021,000 after acquiring an additional 5,726 shares during the period. Private Advisor Group LLC lifted its position in Digimarc by 3.0% during the fourth quarter. Private Advisor Group LLC now owns 370,394 shares of the information technology services provider’s stock worth $13,871,000 after purchasing an additional 10,680 shares during the period. Geode Capital Management LLC grew its stake in Digimarc by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 355,673 shares of the information technology services provider’s stock worth $13,323,000 after buying an additional 935 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Digimarc by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 228,780 shares of the information technology services provider’s stock valued at $8,568,000 after buying an additional 703 shares during the period. Finally, Samjo Management LLC raised its position in shares of Digimarc by 79.4% in the 4th quarter. Samjo Management LLC now owns 135,296 shares of the information technology services provider’s stock valued at $5,067,000 after buying an additional 59,896 shares in the last quarter. Institutional investors own 66.85% of the company’s stock.

Analyst Ratings Changes

Separately, Needham & Company LLC reduced 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 Stock Down 2.4 %

Shares of DMRC stock opened at $11.29 on Tuesday. The business has a fifty day simple moving average of $22.70 and a 200 day simple moving average of $30.20. The company has a market cap of $243.28 million, a P/E ratio of -5.79 and a beta of 1.53. Digimarc Co. has a twelve month low of $10.80 and a twelve month high of $48.32.

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.