Royce & Associates LP lowered its stake in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 28.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 629,777 shares of the software maker's stock after selling 250,262 shares during the period. Royce & Associates LP owned 1.96% of Immersion worth $5,618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP bought a new stake in Immersion in the second quarter worth $26,000. CWM LLC increased its position in Immersion by 160.3% in the second quarter. CWM LLC now owns 6,487 shares of the software maker's stock worth $61,000 after purchasing an additional 3,995 shares during the last quarter. Copeland Capital Management LLC bought a new stake in Immersion in the third quarter worth $59,000. Lazard Asset Management LLC bought a new stake in Immersion in the first quarter worth $72,000. Finally, Caprock Group LLC bought a new stake in Immersion in the second quarter worth $107,000. Institutional investors own 60.57% of the company's stock.
Immersion Stock Up 0.7 %
Shares of IMMR traded up $0.06 during mid-day trading on Tuesday, hitting $8.57. 347,939 shares of the company traded hands, compared to its average volume of 670,609. Immersion Co. has a 1-year low of $6.33 and a 1-year high of $13.94. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $276.64 million, a PE ratio of 4.18 and a beta of 1.48. The business has a 50 day moving average of $8.62 and a 200 day moving average of $9.60.
Immersion (NASDAQ:IMMR - Get Free Report) last posted its quarterly earnings data on Monday, August 19th. The software maker reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.55. The firm had revenue of $99.42 million for the quarter, compared to the consensus estimate of $7.29 million. Immersion had a net margin of 40.62% and a return on equity of 27.05%. Equities research analysts anticipate that Immersion Co. will post 1.96 EPS for the current year.
Immersion Dividend Announcement
The business also recently disclosed a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion's dividend payout ratio is presently 8.78%.
Wall Street Analyst Weigh In
Several research analysts have commented on IMMR shares. StockNews.com raised shares of Immersion from a "hold" rating to a "buy" rating in a research note on Thursday, August 29th. BWS Financial lifted their price objective on shares of Immersion from $11.00 to $13.50 and gave the stock a "buy" rating in a research note on Monday, August 26th.
Check Out Our Latest Stock Analysis on IMMR
Insiders Place Their Bets
In other Immersion news, CEO Eric Singer bought 50,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average price of $8.77 per share, for a total transaction of $438,500.00. Following the transaction, the chief executive officer now directly owns 1,912,867 shares of the company's stock, valued at approximately $16,775,843.59. This represents a 2.68 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider William C. Martin acquired 15,000 shares of Immersion stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $8.81 per share, with a total value of $132,150.00. Following the completion of the purchase, the insider now owns 1,364,265 shares in the company, valued at $12,019,174.65. The trade was a 1.11 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 66,155 shares of company stock worth $580,675. Corporate insiders own 5.50% of the company's stock.
Immersion Company Profile
(
Free Report)
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.
Featured Stories
Before you consider Immersion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Immersion wasn't on the list.
While Immersion currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
