Wolverine Trading LLC Takes $338,000 Position in Digimarc Corp (DMRC)
Wolverine Trading LLC acquired a new position in Digimarc Corp (NASDAQ:DMRC) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 9,342 shares of the information technology services provider’s stock, valued at approximately $338,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its stake in shares of Digimarc by 6.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,339 shares of the information technology services provider’s stock worth $334,000 after purchasing an additional 540 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Digimarc by 89.4% in the 4th quarter. Deutsche Bank AG now owns 22,891 shares of the information technology services provider’s stock worth $826,000 after purchasing an additional 10,803 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Digimarc by 4.3% in 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 purchasing an additional 3,289 shares during the last quarter. Formula Growth Ltd. acquired a new position in shares of Digimarc in the 3rd quarter worth approximately $3,614,000. Finally, Northern Trust Corp grew its stake in shares of Digimarc by 7.6% in the 2nd quarter. Northern Trust Corp now owns 137,089 shares of the information technology services provider’s stock worth $5,504,000 after purchasing an additional 9,650 shares during the last quarter. 56.78% of the stock is currently owned by institutional investors.
In other Digimarc news, CEO Bruce L. Davis sold 5,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $30.53, for a total value of $152,650.00. Following the completion of the transaction, the chief executive officer now directly owns 92,014 shares in the company, valued at $2,809,187.42. The sale was disclosed in a filing with the SEC, which is accessible through this link. Over the last quarter, insiders sold 15,500 shares of company stock valued at $530,710. Corporate insiders own 7.50% of the company’s stock.
Digimarc Corp (DMRC) opened at $28.95 on Wednesday. Digimarc Corp has a 52 week low of $24.20 and a 52 week high of $41.75. The stock has a market cap of $345.70, a P/E ratio of -11.86 and a beta of -1.09.
Digimarc (NASDAQ:DMRC) last announced its earnings results on Wednesday, February 21st. The information technology services provider reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.73) by ($0.03). Digimarc had a negative return on equity of 33.46% and a negative net margin of 102.21%. The firm had revenue of $4.90 million during the quarter, compared to analyst estimates of $5.26 million. During the same quarter in the previous year, the business earned ($0.57) earnings per share. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. research analysts predict that Digimarc Corp will post -2.93 earnings per share for the current year.
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Digimarc Company 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.
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