Royce & Associates LP Sells 98,990 Shares of Immersion Co. (NASDAQ:IMMR)

Royce & Associates LP decreased its holdings in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 15.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 530,787 shares of the software maker's stock after selling 98,990 shares during the quarter. Royce & Associates LP owned about 1.64% of Immersion worth $4,634,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BWS Financial reaffirmed a "buy" rating and issued a $13.50 price target on shares of Immersion in a report on Thursday, March 13th. Craig Hallum cut their price target on Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, March 13th.

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Insider Transactions at Immersion

In other Immersion news, CEO Eric Singer purchased 42,638 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $7.51 per share, for a total transaction of $320,211.38. Following the transaction, the chief executive officer now directly owns 2,161,866 shares in the company, valued at approximately $16,235,613.66. The trade was a 2.01 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Toro 18 Holdings Llc purchased 59,146 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the completion of the transaction, the director now owns 11,065,848 shares in the company, valued at $93,949,049.52. The trade was a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 5.50% of the stock is currently owned by insiders.

Immersion Price Performance

Shares of IMMR traded down $0.10 during mid-day trading on Friday, reaching $7.46. The company had a trading volume of 565,067 shares, compared to its average volume of 690,997. Immersion Co. has a twelve month low of $7.06 and a twelve month high of $13.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. The company's 50-day moving average is $8.21 and its 200-day moving average is $8.56. The company has a market capitalization of $241.67 million, a P/E ratio of 2.66 and a beta of 1.55.

Immersion (NASDAQ:IMMR - Get Free Report) last issued its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.33. Immersion had a return on equity of 28.08% and a net margin of 11.79%. The business had revenue of $474.76 million during the quarter, compared to analysts' expectations of $9.45 million. On average, equities analysts anticipate that Immersion Co. will post 1.57 EPS for the current year.

Immersion Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.41%. Immersion's payout ratio is presently 6.47%.

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.