Immersion Co. (NASDAQ:IMMR) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its stake in Immersion Co. (NASDAQ:IMMR - Free Report) by 28.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 151,580 shares of the software maker's stock after selling 60,540 shares during the quarter. GSA Capital Partners LLP owned approximately 0.47% of Immersion worth $1,352,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Quarry LP purchased a new stake in Immersion in the 2nd quarter valued at $26,000. Copeland Capital Management LLC acquired a new position in shares of Immersion in the 3rd quarter valued at $59,000. CWM LLC lifted its stake in shares of Immersion by 160.3% in the 2nd quarter. CWM LLC now owns 6,487 shares of the software maker's stock valued at $61,000 after purchasing an additional 3,995 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Immersion in the 1st quarter valued at $72,000. Finally, Caprock Group LLC acquired a new position in shares of Immersion in the 2nd quarter valued at $107,000. 60.57% of the stock is currently owned by hedge funds and other institutional investors.

Immersion Trading Up 1.3 %

IMMR traded up $0.11 during mid-day trading on Thursday, hitting $8.58. 411,321 shares of the stock were exchanged, compared to its average volume of 672,774. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. The company has a market cap of $276.96 million, a PE ratio of 4.13 and a beta of 1.48. The firm's fifty day moving average is $8.65 and its two-hundred day moving average is $9.54. Immersion Co. has a 1-year low of $6.13 and a 1-year high of $13.94.

Immersion (NASDAQ:IMMR - Get Free Report) last posted its quarterly earnings results on Monday, August 19th. The software maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.55. The company had revenue of $99.42 million for the quarter, compared to analyst estimates of $7.29 million. Immersion had a return on equity of 27.05% and a net margin of 40.62%. Equities analysts forecast that Immersion Co. will post 1.96 earnings per share for the current fiscal year.

Immersion Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion's payout ratio is currently 8.78%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. BWS Financial upped their price target on Immersion from $11.00 to $13.50 and gave the company a "buy" rating in a research note on Monday, August 26th. StockNews.com raised Immersion from a "hold" rating to a "buy" rating in a research note on Thursday, August 29th.

Insider Activity

In other news, insider William C. Martin purchased 15,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $8.81 per share, for a total transaction of $132,150.00. Following the purchase, the insider now directly owns 1,364,265 shares of the company's stock, valued at $12,019,174.65. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider William C. Martin acquired 15,000 shares of the firm's stock in a transaction on Tuesday, August 27th. The stock was bought at an average cost of $8.81 per share, with a total value of $132,150.00. Following the transaction, the insider now owns 1,364,265 shares of the company's stock, valued at $12,019,174.65. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Eric Singer acquired 50,000 shares of the firm's stock in a transaction on Tuesday, August 27th. The shares were bought at an average cost of $8.77 per share, with a total value of $438,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,912,867 shares in the company, valued at $16,775,843.59. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 66,155 shares of company stock worth $580,675. 5.50% of the stock is currently owned by insiders.

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.