Dimensional Fund Advisors LP reduced its position in shares of Immersion Co. (NASDAQ:IMMR - Free Report) by 55.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 368,997 shares of the software maker's stock after selling 452,314 shares during the quarter. Dimensional Fund Advisors LP owned about 1.14% of Immersion worth $3,222,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Farther Finance Advisors LLC increased its holdings 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 worth $26,000 after purchasing an additional 2,990 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Immersion in the 4th quarter valued at $51,000. AlphaQuest LLC purchased a new position in shares of Immersion in the 4th quarter valued at $61,000. Legal & General Group Plc increased its holdings in shares of Immersion by 44.2% in 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 period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Immersion in the 4th quarter valued at $98,000. 60.57% of the stock is currently owned by hedge funds and other institutional investors.
Immersion Stock Performance
IMMR stock remained flat at $7.70 on Friday. The company had a trading volume of 377,058 shares, compared to its average volume of 687,202. Immersion Co. has a 1 year low of $6.47 and a 1 year high of $13.94. The stock's 50-day simple moving average is $7.35 and its 200 day simple moving average is $8.17. 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 capitalization of $249.45 million, a PE ratio of 2.75 and a beta of 1.40.
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, 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 firm had revenue of $474.76 million for the quarter, compared to the consensus estimate of $9.45 million. Sell-side analysts expect that Immersion Co. will post 1.57 earnings per share for the current fiscal year.
Immersion Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were paid a dividend of $0.045 per share. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.18 annualized dividend and a yield of 2.34%. Immersion's dividend payout ratio (DPR) is 6.47%.
Wall Street Analysts Forecast Growth
IMMR has been the topic of a number of analyst reports. Craig Hallum cut their price target on Immersion from $14.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, March 13th. BWS Financial reiterated a "buy" rating and issued a $13.50 price target on shares of Immersion in a report on Thursday, March 13th.
Get Our Latest Report on Immersion
Insider Buying and Selling
In other news, CEO Eric Singer purchased 42,638 shares of the company's stock in a transaction on Thursday, March 20th. The shares were acquired at an average price of $7.51 per share, for a total transaction of $320,211.38. Following the purchase, the chief executive officer now owns 2,161,866 shares in the company, valued at $16,235,613.66. This trade represents a 2.01% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Toro 18 Holdings Llc purchased 59,146 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the purchase, the director now owns 11,065,848 shares in the company, valued at approximately $93,949,049.52. The trade was a 0.54% increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 128,934 shares of company stock worth $1,027,343 in the last ninety days. 5.50% of the stock is owned by insiders.
Immersion Profile
(
Free Report)
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.
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