1,093,033 Shares in Digimarc Corporation $DMRC Bought by Kimelman & Baird LLC

Kimelman & Baird LLC bought a new stake in Digimarc Corporation (NASDAQ:DMRC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,093,033 shares of the information technology services provider’s stock, valued at approximately $8,985,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE acquired a new stake in shares of Digimarc during the 2nd quarter valued at approximately $134,000. Turim 21 Investimentos Ltda. acquired a new position in Digimarc in the second quarter valued at $165,000. BlackRock Inc. purchased a new stake in Digimarc during the second quarter worth approximately $8,747,000. Deutsche Bank AG acquired a new stake in shares of Digimarc in the second quarter valued at about $226,000. Finally, Bank of New York Mellon Corp acquired a new stake in Digimarc during the 2nd quarter valued at $1,930,000. 66.85% of the stock is currently owned by institutional investors and hedge funds.

Digimarc Stock Down 3.7%

Shares of NASDAQ:DMRC opened at $6.01 on Friday. The firm has a fifty day moving average of $6.95 and a two-hundred day moving average of $7.52. Digimarc Corporation has a 12-month low of $4.07 and a 12-month high of $17.47. The firm has a market capitalization of $134.68 million, a P/E ratio of -4.20 and a beta of 2.30.

Analysts Set New Price Targets

A number of equities analysts recently commented on DMRC shares. Wall Street Zen downgraded Digimarc from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Digimarc in a report on Friday, August 14th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Digimarc in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $15.00.

About Digimarc

Digimarc Corporation is a technology company specializing in digital identification and authentication solutions. Its core offering centers on embedding imperceptible digital watermarks into images, audio, video and packaging materials. These watermarks carry unique identifiers that enable secure tracking, brand protection and content provenance across print and digital channels.

The company’s product suite includes software development kits and cloud-based services that allow enterprises to integrate digital watermarking into their existing workflows.