Cowen Prime Services Lowers stake in Digimarc Corp (DMRC)

Digimarc Corp (DMRC) : Cowen Prime Services reduced its stake in Digimarc Corp by 14.6% during the most recent quarter end. The investment management company now holds a total of 630,561 shares of Digimarc Corp which is valued at $17,170,176 after selling 107,789 shares in Digimarc Corp , the firm said in a disclosure report filed with the SEC on May 9, 2016.Digimarc Corp makes up approximately 8.34% of Cowen Prime Services’s portfolio.

Other Hedge Funds, Including , Qci Asset Management Incny boosted its stake in DMRC in the latest quarter, The investment management firm added 10,300 additional shares and now holds a total of 15,500 shares of Digimarc Corp which is valued at $422,065. Digimarc Corp makes up approx 0.06% of Qci Asset Management Incny’s portfolio.Baillie Gifford Co boosted its stake in DMRC in the latest quarter, The investment management firm added 40,000 additional shares and now holds a total of 154,500 shares of Digimarc Corp which is valued at $4,369,260. Digimarc Corp makes up approx 0.01% of Baillie Gifford Co’s portfolio.Armbruster Capital Management reduced its stake in DMRC by selling 5,240 shares or 34.38% in the most recent quarter. The Hedge Fund company now holds 10,000 shares of DMRC which is valued at $282,800. Digimarc Corp makes up approx 0.19% of Armbruster Capital Management’s portfolio.

Digimarc Corp closed down -0.25 points or -0.91% at $27.23 with 61,675 shares getting traded on Friday. Post opening the session at $27.34, the shares hit an intraday low of $27.05 and an intraday high of $27.8999 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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.

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