JPMorgan Chase & Co. Decreases Stake in Immersion Co. (NASDAQ:IMMR)

JPMorgan Chase & Co. reduced its position in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 61.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,901 shares of the software maker's stock after selling 30,447 shares during the quarter. JPMorgan Chase & Co. owned 0.06% of Immersion worth $169,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in shares of Immersion in the 3rd quarter valued at $3,113,000. Barclays PLC raised its position in shares of Immersion by 276.0% during the third quarter. Barclays PLC now owns 39,579 shares of the software maker's stock worth $353,000 after acquiring an additional 29,054 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Immersion by 226.9% in the 2nd quarter. Marshall Wace LLP now owns 178,859 shares of the software maker's stock worth $1,683,000 after purchasing an additional 124,143 shares during the period. MorganRosel Wealth Management LLC bought a new stake in Immersion during the third quarter valued at $1,063,000. Finally, Franklin Resources Inc. grew its stake in Immersion by 5.8% during the third quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker's stock worth $447,000 after purchasing an additional 2,879 shares during the period. 60.57% of the stock is owned by institutional investors.

Immersion Stock Performance

IMMR traded up $0.01 during trading hours on Wednesday, hitting $8.30. The stock had a trading volume of 296,049 shares, compared to its average volume of 609,415. The company's fifty day simple moving average is $8.78 and its 200 day simple moving average is $9.16. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. Immersion Co. has a 1 year low of $6.54 and a 1 year high of $13.94. The stock has a market cap of $267.89 million, a PE ratio of 2.96 and a beta of 1.50.

Immersion (NASDAQ:IMMR - Get Free Report) last announced its earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.15 by $0.68. Immersion had a return on equity of 28.08% and a net margin of 11.79%. Equities analysts anticipate that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Dividend Announcement

The firm also recently announced a None dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 10th were paid a dividend of $0.245 per share. The ex-dividend date of this dividend was Friday, January 10th. Immersion's dividend payout ratio is 6.43%.

Wall Street Analyst Weigh In

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

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.