AQR Capital Management LLC Has $6.22 Million Holdings in Immersion Co. (NASDAQ:IMMR)

AQR Capital Management LLC lessened its position in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 19.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 661,427 shares of the software maker's stock after selling 157,060 shares during the period. AQR Capital Management LLC owned about 2.08% of Immersion worth $6,224,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of 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 in the last quarter. Lazard Asset Management LLC bought a new stake in Immersion during the 1st quarter worth about $72,000. Caprock Group LLC acquired a new position in shares of Immersion during the 2nd quarter worth about $107,000. Magnetar Financial LLC bought a new position in shares of Immersion in the 2nd quarter valued at about $113,000. Finally, EMC Capital Management acquired a new stake in shares of Immersion in the first quarter valued at about $120,000. Institutional investors own 60.57% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on IMMR. StockNews.com upgraded Immersion from a "hold" rating to a "buy" rating in a research note on Thursday, August 29th. BWS Financial raised their target price on shares of Immersion from $11.00 to $13.50 and gave the company a "buy" rating in a research note on Monday, August 26th.

Insiders Place Their Bets

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

Immersion Stock Performance

Shares of Immersion stock traded up $0.12 during trading on Friday, hitting $8.84. 314,997 shares of the stock were exchanged, compared to its average volume of 696,116. 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 fifty day moving average price of $9.60 and a 200-day moving average price of $9.30. The stock has a market capitalization of $281.60 million, a price-to-earnings ratio of 6.45 and a beta of 1.48. Immersion Co. has a 1-year low of $5.94 and a 1-year high of $13.94.

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

Immersion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.04%. The ex-dividend date is Friday, October 4th. Immersion's dividend payout ratio is 13.14%.

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.