O Shaughnessy Asset Management LLC Cuts Position in Immersion Co. (NASDAQ:IMMR)

O Shaughnessy Asset Management LLC trimmed its position in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 66.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,486 shares of the software maker's stock after selling 62,070 shares during the quarter. O Shaughnessy Asset Management LLC owned 0.10% of Immersion worth $275,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Farther Finance Advisors LLC increased its holdings in Immersion by 29,900.0% during the 4th quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker's stock worth $26,000 after purchasing an additional 2,990 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Immersion during the fourth quarter worth $51,000. AlphaQuest LLC bought a new position in Immersion during the 4th quarter valued at $61,000. Proficio Capital Partners LLC purchased a new position in Immersion during the 4th quarter worth $98,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in shares of Immersion by 68.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,042 shares of the software maker's stock worth $106,000 after acquiring an additional 4,897 shares in the last quarter. 60.57% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Craig Hallum cut their price target on shares of Immersion from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. BWS Financial reaffirmed a "buy" rating and set a $13.50 price target on shares of Immersion in a research report on Thursday, March 13th.

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Insider Buying and Selling

In other Immersion news, CEO Eric Singer acquired 42,638 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The stock was bought at an average cost of $7.51 per share, with a total value of $320,211.38. Following the acquisition, the chief executive officer now owns 2,161,866 shares in the company, valued at approximately $16,235,613.66. This represents a 2.01 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William C. Martin bought 27,150 shares of the stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $7.55 per share, for a total transaction of $204,982.50. Following the acquisition, the insider now directly owns 1,450,693 shares in the company, valued at approximately $10,952,732.15. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 128,934 shares of company stock valued at $1,027,343. 5.50% of the stock is owned by insiders.

Immersion Stock Performance

NASDAQ IMMR traded up $0.11 during trading hours on Tuesday, reaching $7.23. 196,696 shares of the company were exchanged, compared to its average volume of 697,818. The stock has a market capitalization of $234.22 million, a P/E ratio of 2.58 and a beta of 1.50. 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 $6.47 and a 1 year high of $13.94. The business's 50 day simple moving average is $7.79 and its 200-day simple moving average is $8.38.

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

Immersion Announces Dividend

The company also recently declared 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 is Monday, April 14th. This represents a $0.18 annualized dividend and a dividend yield of 2.49%. Immersion's payout ratio is 6.47%.

Immersion 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.