Janney Montgomery Scott LLC Lowers Position in Digimarc Co. (NASDAQ:DMRC)

Janney Montgomery Scott LLC decreased its position in shares of Digimarc Co. (NASDAQ:DMRC) by 12.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 48,439 shares of the information technology services provider’s stock after selling 6,790 shares during the period. Janney Montgomery Scott LLC owned about 0.23% of Digimarc worth $1,302,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Digimarc by 1.7% in the first quarter. Vanguard Group Inc. now owns 1,169,976 shares of the information technology services provider’s stock worth $31,800,000 after purchasing an additional 19,460 shares in the last quarter. Beaconlight Capital LLC increased its stake in shares of Digimarc by 34.7% in the 1st quarter. Beaconlight Capital LLC now owns 778,017 shares of the information technology services provider’s stock worth $21,147,000 after acquiring an additional 200,251 shares in the last quarter. Kimelman & Baird LLC purchased a new position in Digimarc during the 2nd quarter valued at about $18,249,000. Silverberg Bernstein Capital Management LLC boosted its stake in Digimarc by 4.0% during the third quarter. Silverberg Bernstein Capital Management LLC now owns 459,933 shares of the information technology services provider’s stock worth $12,363,000 after acquiring an additional 17,880 shares in the last quarter. Finally, Private Advisor Group LLC grew its holdings in Digimarc by 2.2% in the third quarter. Private Advisor Group LLC now owns 359,714 shares of the information technology services provider’s stock worth $9,669,000 after purchasing an additional 7,806 shares during the period. Institutional investors own 66.85% of the company’s stock.

Digimarc Stock Down 4.3 %

NASDAQ:DMRC opened at $30.12 on Friday. The stock has a market cap of $645.17 million, a price-to-earnings ratio of -15.21 and a beta of 1.68. The company’s 50 day moving average price is $29.67 and its 200-day moving average price is $28.73. Digimarc Co. has a 52 week low of $21.00 and a 52 week high of $43.43.

Digimarc (NASDAQ:DMRC) last posted its earnings results on Tuesday, August 13th. The information technology services provider reported ($0.23) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.04. Digimarc had a negative return on equity of 41.60% and a negative net margin of 105.98%. The business had revenue of $10.38 million during the quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DMRC. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Digimarc in a report on Wednesday, August 14th. StockNews.com upgraded Digimarc to a “sell” rating in a research note on Tuesday, September 17th.

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.