Segall Bryant & Hamill LLC Takes $3.11 Million Position in Immersion Co. (NASDAQ:IMMR)

Segall Bryant & Hamill LLC bought a new stake in Immersion Co. (NASDAQ:IMMR - Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 349,028 shares of the software maker's stock, valued at approximately $3,113,000. Segall Bryant & Hamill LLC owned 1.08% of Immersion as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quarry LP purchased a new position in shares of Immersion during the second quarter valued at approximately $26,000. Copeland Capital Management LLC bought a new stake in Immersion in the third quarter worth $59,000. CWM LLC boosted its holdings 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 acquiring an additional 3,995 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Immersion in the first quarter worth $72,000. Finally, Caprock Group LLC bought a new position in shares of Immersion during the second quarter valued at $107,000. 60.57% of the stock is currently owned by institutional investors.

Immersion Stock Performance

Shares of NASDAQ IMMR traded up $0.22 during trading on Friday, reaching $8.88. 660,674 shares of the company traded hands, compared to its average volume of 552,282. The firm has a 50 day simple moving average of $8.60 and a 200-day simple moving average of $9.61. Immersion Co. has a 52-week low of $6.33 and a 52-week high of $13.94. The stock has a market capitalization of $286.65 million, a PE ratio of 4.33 and a beta of 1.48. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44.

Immersion (NASDAQ:IMMR - Get Free Report) last issued its earnings results on Monday, August 19th. The software maker reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.55. The company had revenue of $99.42 million for the quarter, compared to analysts' expectations 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 earnings per share for the current year.

Immersion Dividend Announcement

The company also recently declared a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion's dividend payout ratio (DPR) is currently 8.78%.

Analysts Set New Price Targets

IMMR has been the subject of several analyst reports. StockNews.com raised shares of Immersion from a "hold" rating to a "buy" rating in a research report on Thursday, August 29th. BWS Financial boosted their price target on Immersion from $11.00 to $13.50 and gave the stock a "buy" rating in a research note on Monday, August 26th.

Insider Buying and Selling

In related news, insider William C. Martin purchased 15,000 shares of the business's stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $8.81 per share, with a total value of $132,150.00. Following the completion of the acquisition, the insider now owns 1,364,265 shares of the company's stock, valued at approximately $12,019,174.65. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Eric Singer acquired 50,000 shares of the firm's stock in a transaction dated Tuesday, August 27th. The stock was bought at an average cost of $8.77 per share, for a total transaction of $438,500.00. Following the purchase, 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 2.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 66,155 shares of company stock valued at $580,675 over the last 90 days. Company insiders own 5.50% of the company's stock.

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.