Immersion Co. (NASDAQ:IMMR) Stock Position Raised by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC boosted its position in shares of Immersion Co. (NASDAQ:IMMR) by 41.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 494,574 shares of the software maker’s stock after purchasing an additional 145,546 shares during the period. Segall Bryant & Hamill LLC’s holdings in Immersion were worth $4,318,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Immersion by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock valued at $775,000 after buying an additional 2,416 shares in the last quarter. Franklin Resources Inc. boosted its position in Immersion by 5.8% during the 3rd quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker’s stock worth $447,000 after acquiring an additional 2,879 shares during the period. Farther Finance Advisors LLC grew its stake 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 valued at $26,000 after acquiring an additional 2,990 shares in the last quarter. Quartz Partners LLC increased its holdings in shares of Immersion by 4.8% in the 4th quarter. Quartz Partners LLC now owns 77,546 shares of the software maker’s stock valued at $677,000 after purchasing an additional 3,570 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in shares of Immersion by 68.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 12,042 shares of the software maker’s stock worth $106,000 after purchasing an additional 4,897 shares in the last quarter. 60.57% of the stock is owned by institutional investors and hedge funds.

Immersion Stock Up 1.4 %

IMMR stock opened at $8.02 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a market cap of $259.82 million, a PE ratio of 2.86 and a beta of 1.55. Immersion Co. has a 1 year low of $7.06 and a 1 year high of $13.94. The company has a fifty day simple moving average of $8.16 and a 200 day simple moving average of $8.54.

Immersion (NASDAQ:IMMR) last released 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 return on equity of 28.08% and a net margin of 11.79%. The company had revenue of $474.76 million during the quarter, compared to the consensus estimate of $9.45 million. Sell-side analysts anticipate that Immersion Co. will post 1.57 EPS for the current fiscal year.

Immersion Dividend Announcement

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 given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, April 14th. Immersion’s dividend payout ratio is 6.47%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on IMMR shares. Craig Hallum decreased their target price on shares of Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 13th. BWS Financial reissued a “buy” rating and issued a $13.50 price target on shares of Immersion in a research note on Thursday, March 13th.

Insider Transactions at Immersion

In other news, insider William C. Martin bought 27,150 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of $7.55 per share, with a total value of $204,982.50. Following the transaction, the insider now directly owns 1,450,693 shares in the company, valued at approximately $10,952,732.15. The trade was a 1.91 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Toro 18 Holdings Llc purchased 59,146 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $8.49 per share, with a total value of $502,149.54. Following the completion of the acquisition, the director now directly owns 11,065,848 shares of the company’s stock, valued at approximately $93,949,049.52. This trade represents a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 128,934 shares of company stock worth $1,027,343. 5.50% of the stock is owned by insiders.

Immersion Company 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.