The Manufacturers Life Insurance Company Takes Position in Digimarc Co. (NASDAQ:DMRC)

The Manufacturers Life Insurance Company acquired a new stake in shares of Digimarc Co. (NASDAQ:DMRC) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 5,741 shares of the information technology services provider’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS purchased a new position in Digimarc in the 4th quarter worth $105,000. Tower Research Capital LLC TRC raised its position in Digimarc by 469.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,951 shares of the information technology services provider’s stock worth $111,000 after purchasing an additional 2,433 shares during the period. Independent Solutions Wealth Management LLC purchased a new position in Digimarc in the 4th quarter worth $232,000. Invesco Ltd. purchased a new position in Digimarc in the 4th quarter worth $244,000. Finally, SG Americas Securities LLC raised its position in Digimarc by 65.6% in 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 period. Hedge funds and other institutional investors own 66.85% of the company’s stock.

Digimarc Trading Down 0.8%

Shares of DMRC opened at $13.34 on Monday. The firm’s 50-day moving average price is $12.97 and its 200-day moving average price is $26.57. The firm has a market capitalization of $287.50 million, a price-to-earnings ratio of -6.84 and a beta of 1.44. Digimarc Co. has a 1-year low of $10.44 and a 1-year high of $48.32.

Analyst Ratings Changes

Separately, Needham & Company LLC decreased their price objective on shares of Digimarc from $40.00 to $30.00 and set a “buy” rating on the stock in a research report 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.