Dimensional Fund Advisors LP Sells 452,314 Shares of Immersion Co. (NASDAQ:IMMR)

Dimensional Fund Advisors LP trimmed its stake in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 55.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 368,997 shares of the software maker's stock after selling 452,314 shares during the period. Dimensional Fund Advisors LP owned about 1.14% of Immersion worth $3,222,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. XTX Topco Ltd purchased a new stake in shares of Immersion during the fourth quarter valued at $132,000. Barclays PLC increased its holdings in shares of Immersion by 18.6% during the 4th quarter. Barclays PLC now owns 46,958 shares of the software maker's stock valued at $410,000 after acquiring an additional 7,379 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Immersion during the 4th quarter valued at about $1,644,000. Legal & General Group Plc increased its holdings in shares of Immersion by 44.2% during the 4th quarter. Legal & General Group Plc now owns 7,910 shares of the software maker's stock valued at $69,000 after acquiring an additional 2,425 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Immersion by 39.6% during the 4th quarter. Wells Fargo & Company MN now owns 23,210 shares of the software maker's stock valued at $203,000 after acquiring an additional 6,586 shares during the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

Immersion Stock Performance

NASDAQ:IMMR traded down $0.29 during mid-day trading on Monday, hitting $7.41. 318,152 shares of the company's stock traded hands, compared to its average volume of 685,914. The firm has a 50 day moving average of $7.35 and a two-hundred day moving average of $8.15. Immersion Co. has a 12 month low of $6.47 and a 12 month high of $13.94. The firm has a market capitalization of $240.05 million, a price-to-earnings ratio of 2.65 and a beta of 1.40. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

Immersion (NASDAQ:IMMR - Get Free Report) last announced its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, beating 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 firm had revenue of $474.76 million during the quarter, compared to the consensus estimate of $9.45 million. On average, equities analysts forecast that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

Immersion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a $0.045 dividend. The ex-dividend date was Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.43%. Immersion's dividend payout ratio is currently 6.47%.

Analyst Ratings Changes

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

Insiders Place Their Bets

In other news, CEO Eric Singer acquired 42,638 shares of Immersion stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $7.51 per share, for a total transaction of $320,211.38. Following the transaction, the chief executive officer now owns 2,161,866 shares of the company's stock, valued at $16,235,613.66. The trade was a 2.01% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William C. Martin acquired 27,150 shares of Immersion 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. This trade represents a 1.91% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 128,934 shares of company stock worth $1,027,343. 5.50% of the stock is currently owned by company insiders.

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.