Digimarc Corp (DMRC) : Elberon reduced its stake in Digimarc Corp by 12.2% during the most recent quarter end. The investment management company now holds a total of 51,800 shares of Digimarc Corp which is valued at $1,860,656 after selling 7,200 shares in Digimarc Corp , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Digimarc Corp makes up approximately 3.05% of Elberon’s portfolio.
Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in DMRC in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 5,086 shares of Digimarc Corp which is valued at $182,689.Blackrock Advisors reduced its stake in DMRC by selling 245 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 3,958 shares of DMRC which is valued at $142,171.New York State Common Retirement Fund boosted its stake in DMRC in the latest quarter, The investment management firm added 3,200 additional shares and now holds a total of 10,700 shares of Digimarc Corp which is valued at $384,344. Dimensional Fund Advisors Lp sold out all of its stake in DMRC during the most recent quarter. The investment firm sold 44,654 shares of DMRC which is valued $1,610,223.Qci Asset Management Incny boosted its stake in DMRC in the latest quarter, The investment management firm added 1,000 additional shares and now holds a total of 16,500 shares of Digimarc Corp which is valued at $568,425. Digimarc Corp makes up approx 0.08% of Qci Asset Management Incny’s portfolio.
Digimarc Corp closed down -0.56 points or -1.55% at $35.56 with 59,057 shares getting traded on Thursday. Post opening the session at $36.07, the shares hit an intraday low of $35.02 and an intraday high of $36.6 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, Digimarc Corp reported $-0.64 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.59. The company had revenue of $5.58 million for the quarter, compared to analysts expectations of $5.20 million. The company’s revenue was down -6.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.52 EPS.
Many Wall Street Analysts have commented on Digimarc Corp. Digimarc Corp was Initiated by Craig Hallum to “Buy” on Jun 17, 2016.
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company has a computing platform that is intended to optimize the identification of consumer brand impressions facilitating modern mobile-centric shopping. The platform includes means to infuse persistent digital information Digimarc IDs perceptible only to computers and digital devices into various forms of media content including consumer products packaging. Digimarc IDs for packaging referred to as Digimarc Barcodes facilitate scanning of items at retail checkout as well as improved interaction with consumers. Its technology permits computers and digital devices to identify data from large amounts of media content. Its business partners under patent or technology licenses are delivering digital watermarking solutions to track and monitor the distribution of music images television and movies to consumers.