MorganRosel Wealth Management LLC Has $834,000 Stake in Immersion Co. (NASDAQ:IMMR)

MorganRosel Wealth Management LLC cut its position in shares of Immersion Co. (NASDAQ:IMMR) by 19.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 95,491 shares of the software maker’s stock after selling 23,729 shares during the period. MorganRosel Wealth Management LLC’s holdings in Immersion were worth $834,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Quantbot Technologies LP bought a new stake in Immersion in the third quarter valued at approximately $78,000. Hennessy Advisors Inc. acquired a new stake in shares of Immersion in the fourth quarter valued at approximately $128,000. Philip James Wealth Mangement LLC acquired a new position in Immersion in the third quarter valued at about $164,000. FMR LLC grew its stake in Immersion by 518.2% during the third quarter. FMR LLC now owns 19,481 shares of the software maker’s stock worth $174,000 after buying an additional 16,330 shares in the last quarter. Finally, Banque Cantonale Vaudoise grew its stake in Immersion by 92.1% during the third quarter. Banque Cantonale Vaudoise now owns 22,042 shares of the software maker’s stock worth $197,000 after buying an additional 10,569 shares in the last quarter. Institutional investors own 60.57% of the company’s stock.

Wall Street Analyst Weigh In

Separately, BWS Financial reissued a “buy” rating and issued a $13.50 price objective on shares of Immersion in a research note on Wednesday, February 5th.

Immersion Stock Performance

NASDAQ:IMMR opened at $8.35 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $269.50 million, a PE ratio of 2.98 and a beta of 1.50. Immersion Co. has a twelve month low of $6.54 and a twelve month high of $13.94. The stock’s 50-day simple moving average is $8.63 and its 200 day simple moving average is $8.82.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.68. Immersion had a net margin of 11.79% and a return on equity of 28.08%. On average, analysts anticipate that Immersion Co. will post 1.57 EPS for the current fiscal year.

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.