Digimarc Corp. (DMRC) Stake Held by Armbruster Capital Management Inc.
Armbruster Capital Management Inc. maintained its position in Digimarc Corp. (NASDAQ:DMRC) during the second quarter, Holdings Channel reports. The firm owned 10,000 shares of the company’s stock at the end of the second quarter. Armbruster Capital Management Inc.’s holdings in Digimarc Corp. were worth $320,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of DMRC. Primecap Management Co. CA increased its position in Digimarc Corp. by 7.1% in the first quarter. Primecap Management Co. CA now owns 293,400 shares of the company’s stock worth $8,890,000 after buying an additional 19,400 shares during the period. Kimelman & Baird LLC boosted its position in shares of Digimarc Corp. by 13.8% in the first quarter. Kimelman & Baird LLC now owns 211,908 shares of the company’s stock worth $6,421,000 after buying an additional 25,745 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Digimarc Corp. by 7.4% in the first quarter. Geode Capital Management LLC now owns 59,044 shares of the company’s stock worth $1,789,000 after buying an additional 4,062 shares in the last quarter. Finally, Granahan Investment Management Inc. MA boosted its position in shares of Digimarc Corp. by 79.3% in the first quarter. Granahan Investment Management Inc. MA now owns 138,607 shares of the company’s stock worth $4,200,000 after buying an additional 61,304 shares in the last quarter. Institutional investors and hedge funds own 45.75% of the company’s stock.
Digimarc Corp. (NASDAQ:DMRC) traded down 0.87% during midday trading on Friday, hitting $34.04. The stock had a trading volume of 62,321 shares. Digimarc Corp. has a 52 week low of $21.80 and a 52 week high of $44.94. The stock’s 50 day moving average price is $36.08 and its 200-day moving average price is $32.35. The company’s market cap is $293.22 million.
Digimarc Corp. (NASDAQ:DMRC) last released its earnings results on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.63) by $0.01. The firm earned $5.46 million during the quarter, compared to analyst estimates of $5.62 million. Digimarc Corp. had a negative net margin of 95.57% and a negative return on equity of 41.64%. The business’s revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.50) EPS. Equities research analysts predict that Digimarc Corp. will post ($2.39) earnings per share for the current year.
DMRC has been the topic of a number of recent research reports. Needham & Company LLC initiated coverage on shares of Digimarc Corp. in a report on Friday, September 9th. They issued a “buy” rating and a $46.00 target price on the stock. Zacks Investment Research raised shares of Digimarc Corp. from a “sell” rating to a “hold” rating in a report on Friday, July 8th. Finally, B. Riley reissued a “buy” rating and issued a $44.00 target price on shares of Digimarc Corp. in a report on Saturday, July 30th.
About Digimarc Corp.
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 and Digimarc Barcode Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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