Marshall Wace LLP Raises Stock Position in Immersion Co. (NASDAQ:IMMR)

Marshall Wace LLP boosted its holdings in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 226.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 178,859 shares of the software maker's stock after buying an additional 124,143 shares during the quarter. Marshall Wace LLP owned 0.56% of Immersion worth $1,683,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in Immersion by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,892,282 shares of the software maker's stock valued at $14,154,000 after purchasing an additional 16,287 shares during the period. American Century Companies Inc. boosted its stake in shares of Immersion by 5.6% in the second quarter. American Century Companies Inc. now owns 588,995 shares of the software maker's stock worth $5,542,000 after buying an additional 31,110 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Immersion by 43.3% during the second quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker's stock worth $4,688,000 after acquiring an additional 150,513 shares during the period. Acadian Asset Management LLC acquired a new stake in Immersion during the second quarter worth about $3,375,000. Finally, Bank of New York Mellon Corp lifted its holdings in Immersion by 6.9% in the second quarter. Bank of New York Mellon Corp now owns 336,358 shares of the software maker's stock valued at $3,165,000 after acquiring an additional 21,813 shares during the period. 60.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Immersion

In other Immersion news, CEO Eric Singer acquired 50,000 shares of the company's stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average price of $8.77 per share, for a total transaction of $438,500.00. Following the completion of the acquisition, the chief executive officer now 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Eric Singer purchased 50,000 shares of Immersion stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $8.77 per share, with a total value 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 trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William C. Martin acquired 15,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $8.81 per share, with a total value of $132,150.00. Following the purchase, the insider now directly owns 1,364,265 shares in the company, 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 worth $580,675 over the last three months. Insiders own 5.50% of the company's stock.

Immersion Trading Up 1.4 %

Shares of IMMR traded up $0.12 during mid-day trading on Friday, reaching $8.84. The stock had a trading volume of 314,997 shares, compared to its average volume of 696,116. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.72. The business's fifty day moving average is $9.60 and its 200 day moving average is $9.31. Immersion Co. has a 52-week low of $5.94 and a 52-week high of $13.94. The firm has a market cap of $281.60 million, a price-to-earnings ratio of 6.45 and a beta of 1.48.

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

Immersion Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a $0.045 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.18 dividend on an annualized basis and a yield of 2.04%. Immersion's payout ratio is currently 13.14%.

Wall Street Analyst Weigh In

Several analysts have commented on the company. StockNews.com raised Immersion from a "hold" rating to a "buy" rating in a report on Thursday, August 29th. BWS Financial increased their price objective on shares of Immersion from $11.00 to $13.50 and gave the company a "buy" rating in a report on Monday, August 26th.

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.