Immersion Co. (NASDAQ:IMMR) Shares Bought by Barclays PLC

Barclays PLC increased its stake in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 276.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,579 shares of the software maker's stock after purchasing an additional 29,054 shares during the quarter. Barclays PLC owned approximately 0.12% of Immersion worth $353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company lifted its stake in shares of Immersion by 10.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker's stock valued at $116,000 after purchasing an additional 1,139 shares in the last quarter. Rhumbline Advisers lifted its stake in shares of Immersion by 2.7% in the 2nd quarter. Rhumbline Advisers now owns 50,670 shares of the software maker's stock valued at $477,000 after purchasing an additional 1,322 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in shares of Immersion by 2.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker's stock valued at $488,000 after purchasing an additional 1,411 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Immersion by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker's stock valued at $775,000 after purchasing an additional 2,416 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Immersion in the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 60.57% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BWS Financial reaffirmed a "buy" rating and issued a $13.50 price objective on shares of Immersion in a research note on Wednesday, December 18th.

Immersion Stock Up 0.9 %

Immersion stock traded up $0.08 during midday trading on Monday, hitting $8.63. 333,563 shares of the company were exchanged, compared to its average volume of 1,050,146. The company's fifty day moving average price is $8.84 and its 200-day moving average price is $9.38. The company has a market cap of $278.58 million, a PE ratio of 3.08 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. Immersion Co. has a fifty-two week low of $6.54 and a fifty-two week high of $13.94.

Immersion (NASDAQ:IMMR - Get Free Report) last released its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.15 by $0.68. Immersion had a return on equity of 28.08% and a net margin of 11.79%. On average, research analysts predict that Immersion Co. will post 1.57 EPS for the current fiscal year.

Immersion Announces Dividend

The business also recently declared a None dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 10th. Immersion's dividend payout ratio (DPR) is presently 6.43%.

Immersion Company Profile

Immersion Corporation, together with its subsidiaries, engages in the creation, design, development, and licensing of haptic technologies that allow people to use their sense of touch to engage with and experience various digital products in North America, Europe, and Asia. The company provides technology, patent, and combined licenses.