Sanctuary Advisors LLC purchased a new position in Immersion Co. (NASDAQ:IMMR - Free Report) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 83,373 shares of the software maker's stock, valued at approximately $740,000. Sanctuary Advisors LLC owned approximately 0.26% of Immersion at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Immersion during the 2nd quarter valued at about $26,000. Copeland Capital Management LLC purchased a new stake in shares of Immersion in the third quarter worth about $59,000. Quantbot Technologies LP bought a new position in Immersion during the third quarter valued at approximately $78,000. Caprock Group LLC purchased a new position in Immersion during the 2nd quarter valued at approximately $107,000. Finally, Magnetar Financial LLC purchased a new position in Immersion during the 2nd quarter valued at approximately $113,000. 60.57% of the stock is owned by hedge funds and other institutional investors.
Immersion Trading Up 3.1 %
NASDAQ:IMMR traded up $0.27 during midday trading on Tuesday, hitting $8.95. 315,507 shares of the company traded hands, compared to its average volume of 712,977. The firm has a market capitalization of $288.87 million, a P/E ratio of 4.37 and a beta of 1.51. The firm's fifty day moving average is $8.77 and its 200-day moving average is $9.55. Immersion Co. has a 12-month low of $6.54 and a 12-month high of $13.94. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44.
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, beating the consensus estimate of $0.15 by $0.68. Immersion had a net margin of 40.62% and a return on equity of 27.05%. On average, sell-side analysts predict that Immersion Co. will post 1.96 EPS for the current year.
Immersion Announces Dividend
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 of this dividend is Friday, January 10th. Immersion's dividend payout ratio (DPR) is 6.43%.
Analysts Set New Price Targets
Several analysts have recently issued reports on IMMR shares. BWS Financial reaffirmed a "buy" rating and set a $13.50 price objective on shares of Immersion in a report on Wednesday, December 18th. StockNews.com raised Immersion from a "hold" rating to a "buy" rating in a research note on Thursday, August 29th.
Read Our Latest Research Report on Immersion
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.
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