Independent Solutions Wealth Management LLC Buys Shares of 6,208 Digimarc Co. (NASDAQ:DMRC)

Independent Solutions Wealth Management LLC bought a new stake in shares of Digimarc Co. (NASDAQ:DMRC) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 6,208 shares of the information technology services provider’s stock, valued at approximately $232,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Digimarc by 201.6% during the 3rd quarter. FMR LLC now owns 4,983 shares of the information technology services provider’s stock worth $134,000 after purchasing an additional 3,331 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Digimarc by 28.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,800 shares of the information technology services provider’s stock worth $210,000 after purchasing an additional 1,724 shares during the last quarter. Verition Fund Management LLC acquired a new stake in shares of Digimarc during the 3rd quarter worth about $216,000. SG Americas Securities LLC boosted its stake in shares of Digimarc by 65.6% during the 4th quarter. SG Americas Securities LLC now owns 6,538 shares of the information technology services provider’s stock worth $245,000 after purchasing an additional 2,590 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in shares of Digimarc by 41.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,187 shares of the information technology services provider’s stock worth $247,000 after purchasing an additional 2,695 shares during the last quarter. 66.85% of the stock is currently owned by hedge funds and other institutional investors.

Digimarc Stock Performance

DMRC opened at $14.31 on Friday. The company’s 50 day simple moving average is $28.84 and its 200 day simple moving average is $31.30. Digimarc Co. has a 1 year low of $13.95 and a 1 year high of $48.32. The stock has a market capitalization of $308.37 million, a PE ratio of -7.34 and a beta of 1.61.

Wall Street Analysts Forecast Growth

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

About Digimarc

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.