How Digimarc Corp (DMRC) Compares To Its Peers

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Let’s now take a look at hedge fund activity in other stocks similar to Digimarc Corp (NASDAQ:DMRC). We will take a look at Protagonist Therapeutics Inc (NASDAQ:PTGX), Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), MidWestOne Financial Group, Inc. (NASDAQ:MOFG), and Liquidity Services, Inc. (NASDAQ:LQDT). This group of stocks’ market valuations resemble DMRC’s market valuation.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
PTGX 5 76793 5
RIGL 20 76901 1
MOFG 3 19582 -1
LQDT 11 32244 -1

As you can see these stocks had an average of 10 hedge funds with bullish positions and the average amount invested in these stocks was $51 million. That figure was $39 million in DMRC’s case. Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) is the most popular stock in this table. On the other hand MidWestOne Financial Group, Inc. (NASDAQ:MOFG) is the least popular one with only 3 bullish hedge fund positions. Digimarc Corp (NASDAQ:DMRC) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. In this regard RIGL might be a better candidate to consider taking a long position in.

Disclosure: None

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