Digimarc Corp (NASDAQ:DMRC) Director James T. Richardson sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $32.00, for a total transaction of $160,000.00. Following the transaction, the director now directly owns 71,605 shares in the company, valued at $2,291,360. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ DMRC opened at $28.26 on Wednesday. Digimarc Corp has a 12-month low of $14.03 and a 12-month high of $34.80. The firm has a market capitalization of $336.20 million, a price-to-earnings ratio of -9.88 and a beta of 1.20.
Digimarc (NASDAQ:DMRC) last released its quarterly earnings results on Thursday, February 21st. The information technology services provider reported ($0.70) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.77) by $0.07. Digimarc had a negative net margin of 153.39% and a negative return on equity of 49.05%. The business had revenue of $5.23 million for the quarter, compared to analyst estimates of $5.33 million. As a group, sell-side analysts anticipate that Digimarc Corp will post -2.89 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC lifted its stake in shares of Digimarc by 66.7% during the third quarter. MetLife Investment Advisors LLC now owns 6,573 shares of the information technology services provider’s stock worth $207,000 after buying an additional 2,630 shares during the period. Rhumbline Advisers lifted its position in Digimarc by 45.9% during the fourth quarter. Rhumbline Advisers now owns 15,042 shares of the information technology services provider’s stock valued at $218,000 after purchasing an additional 4,732 shares during the period. Two Sigma Investments LP acquired a new position in Digimarc during the fourth quarter valued at $223,000. Dimensional Fund Advisors LP acquired a new position in Digimarc during the third quarter valued at $245,000. Finally, Corrado Advisors LLC acquired a new position in Digimarc during the first quarter valued at $251,000. 57.39% of the stock is currently owned by institutional investors and hedge funds.
Digimarc Company Profile
Digimarc Corporation provides media identification and management solutions to government and commercial customers in the United States and internationally. It offers Digimarc Intuitive Computing Platform, a comprehensive set of technologies for identifying, discovering, and interacting with digitally-enhanced media, which includes Digimarc Barcode, a method for imperceptibly enhancing packaging, print, images, thermal labels, audio, and other objects with data that is detected by enabled devices, such as smart phones, computers, barcode scanners, and machine-vision equipment.
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