EntryPoint Capital LLC Takes Position in Immersion Co. (NASDAQ:IMMR)

EntryPoint Capital LLC bought a new position in shares of Immersion Co. (NASDAQ:IMMR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 37,445 shares of the software maker's stock, valued at approximately $327,000. EntryPoint Capital LLC owned about 0.12% of Immersion at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in IMMR. Farther Finance Advisors LLC raised its stake in shares of Immersion by 29,900.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker's stock worth $26,000 after purchasing an additional 2,990 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Immersion during the fourth quarter worth $51,000. AlphaQuest LLC bought a new stake in Immersion during the fourth quarter worth $61,000. Quantbot Technologies LP bought a new position in shares of Immersion in the 3rd quarter valued at about $78,000. Finally, Proficio Capital Partners LLC bought a new position in Immersion during the fourth quarter worth about $98,000. Institutional investors own 60.57% of the company's stock.

Immersion Stock Performance

Shares of NASDAQ IMMR traded up $0.16 during mid-day trading on Tuesday, reaching $7.74. 267,389 shares of the company were exchanged, compared to its average volume of 695,370. The stock has a market capitalization of $250.75 million, a P/E ratio of 2.76 and a beta of 1.55. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The company's 50-day simple moving average is $8.10 and its 200-day simple moving average is $8.51. Immersion Co. has a twelve month low of $7.06 and a twelve month high of $13.94.

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Immersion (NASDAQ:IMMR - Get Free Report) last released its quarterly earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.33. Immersion had a net margin of 11.79% and a return on equity of 28.08%. The firm had revenue of $474.76 million for the quarter, compared to analysts' expectations of $9.45 million. As a group, research analysts predict that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be issued a dividend of $0.045 per share. The ex-dividend date is Monday, April 14th. This represents a $0.18 annualized dividend and a yield of 2.33%. Immersion's payout ratio is currently 6.47%.

Analysts Set New Price Targets

Several research firms have issued reports on IMMR. BWS Financial restated a "buy" rating and issued a $13.50 price objective on shares of Immersion in a research note on Thursday, March 13th. Craig Hallum decreased their target price on Immersion from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, March 13th.

Insider Activity at Immersion

In other Immersion news, Director Toro 18 Holdings Llc acquired 59,146 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the purchase, the director now directly owns 11,065,848 shares of the company's stock, valued at $93,949,049.52. This trade represents a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William C. Martin acquired 27,150 shares of the business's stock in a transaction on Thursday, March 20th. The stock was acquired at an average cost of $7.55 per share, with a total value of $204,982.50. Following the acquisition, the insider now directly owns 1,450,693 shares in the company, valued at approximately $10,952,732.15. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 128,934 shares of company stock worth $1,027,343 in the last ninety days. 5.50% of the stock is owned by company insiders.

Immersion 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.