Segall Bryant & Hamill LLC Boosts Holdings in Immersion Co. (NASDAQ:IMMR)

Segall Bryant & Hamill LLC raised its position in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 41.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 494,574 shares of the software maker's stock after purchasing an additional 145,546 shares during the period. Segall Bryant & Hamill LLC owned about 1.53% of Immersion worth $4,318,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in IMMR. Barclays PLC increased its holdings in Immersion by 276.0% during the third quarter. Barclays PLC now owns 39,579 shares of the software maker's stock valued at $353,000 after buying an additional 29,054 shares during the period. SBI Securities Co. Ltd. bought a new stake in Immersion during the 4th quarter valued at $51,000. Franklin Resources Inc. increased its holdings in shares of Immersion by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker's stock valued at $447,000 after acquiring an additional 2,879 shares during the period. State Street Corp raised its position in shares of Immersion by 1.0% in the 3rd quarter. State Street Corp now owns 681,414 shares of the software maker's stock worth $6,078,000 after acquiring an additional 6,990 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Immersion by 2.9% during the third 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. 60.57% of the stock is currently owned by hedge funds and other institutional investors.

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Immersion Stock Up 2.1 %

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

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

Immersion Dividend Announcement

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

Insider Activity

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

Analyst Upgrades and Downgrades

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

About Immersion

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.