18,203 Shares in Immersion Co. (NASDAQ:IMMR) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in Immersion Co. (NASDAQ:IMMR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 18,203 shares of the software maker’s stock, valued at approximately $162,000.

Other institutional investors also recently bought and sold shares of the company. Quarry LP purchased a new position in shares of Immersion in the 2nd quarter valued at about $26,000. CWM LLC boosted its holdings in shares of Immersion by 160.3% in the 2nd quarter. CWM LLC now owns 6,487 shares of the software maker’s stock valued at $61,000 after buying an additional 3,995 shares in the last quarter. Lazard Asset Management LLC purchased a new position in shares of Immersion in the 1st quarter valued at $72,000. Caprock Group LLC acquired a new stake in Immersion during the 2nd quarter worth $107,000. Finally, Magnetar Financial LLC purchased a new stake in Immersion in the second quarter valued at $113,000. 60.57% of the stock is owned by hedge funds and other institutional investors.

Immersion Price Performance

Shares of IMMR opened at $8.54 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55. Immersion Co. has a fifty-two week low of $5.94 and a fifty-two week high of $13.94. The firm has a 50-day simple moving average of $8.87 and a 200-day simple moving average of $9.39. The company has a market capitalization of $272.04 million, a price-to-earnings ratio of 6.23 and a beta of 1.48.

Immersion (NASDAQ:IMMR) last announced its earnings results on Monday, August 19th. The software maker reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.55. Immersion had a return on equity of 27.05% and a net margin of 40.62%. The company had revenue of $99.42 million for the quarter, compared to the consensus estimate of $7.29 million. On average, equities research analysts anticipate that Immersion Co. will post 1.96 earnings per share for the current year.

Immersion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, October 4th were given a dividend of $0.045 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.18 dividend on an annualized basis and a yield of 2.11%. Immersion’s payout ratio is currently 13.14%.

Insider Transactions at Immersion

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IMMR shares. StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. BWS Financial raised their target price on shares of Immersion from $11.00 to $13.50 and gave the stock a “buy” rating in a research report on Monday, August 26th.

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.