Jump Financial LLC decreased its position in Immersion Co. (NASDAQ:IMMR - Free Report) by 54.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 36,246 shares of the software maker's stock after selling 44,102 shares during the quarter. Jump Financial LLC owned about 0.11% of Immersion worth $316,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in Immersion in the fourth quarter worth approximately $132,000. Barclays PLC grew its stake in Immersion by 18.6% in the 4th quarter. Barclays PLC now owns 46,958 shares of the software maker's stock valued at $410,000 after buying an additional 7,379 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Immersion in the fourth quarter valued at about $1,644,000. Legal & General Group Plc lifted its position 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 worth $69,000 after purchasing an additional 2,425 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in 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 purchasing an additional 6,586 shares during the period. Institutional investors and hedge funds own 60.57% of the company's stock.
Immersion Stock Performance
Shares of NASDAQ IMMR traded up $0.16 during trading hours on Friday, reaching $7.43. The stock had a trading volume of 91,240 shares, compared to its average volume of 697,618. The company has a market cap of $240.54 million, a price-to-earnings ratio of 2.64 and a beta of 1.50. Immersion Co. has a twelve month low of $6.47 and a twelve month high of $13.94. The business's fifty day moving average is $7.45 and its two-hundred day moving average is $8.25. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94.
Immersion (NASDAQ:IMMR - Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The software maker reported $0.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.33. Immersion had a net margin of 11.79% and a return on equity of 28.08%. The company had revenue of $474.76 million during the quarter, compared to analysts' expectations of $9.45 million. As a group, research analysts expect that Immersion Co. will post 1.57 EPS for the current year.
Immersion Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend was Monday, April 14th. Immersion's dividend payout ratio is 6.47%.
Insider Buying and Selling at Immersion
In other news, Director Toro 18 Holdings Llc bought 59,146 shares of the stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average price of $8.49 per share, with a total value of $502,149.54. Following the acquisition, the director now owns 11,065,848 shares in the company, valued at $93,949,049.52. This trade represents a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William C. Martin acquired 27,150 shares of the company's stock in a transaction dated Thursday, March 20th. The shares were purchased at an average cost of $7.55 per share, with a total value of $204,982.50. Following the acquisition, the insider now owns 1,450,693 shares of the company's stock, valued at approximately $10,952,732.15. This represents a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 128,934 shares of company stock valued at $1,027,343. 5.50% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several research analysts have commented on the company. BWS Financial reaffirmed a "buy" rating and issued a $13.50 price target on shares of Immersion in a research report on Thursday, March 13th. Craig Hallum cut 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.
Read Our Latest Report on IMMR
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.
Featured Stories
Before you consider Immersion, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Immersion wasn't on the list.
While Immersion currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
