Immersion (NASDAQ:IMMR) Stock Rating Reaffirmed by BWS Financial

BWS Financial reaffirmed their buy rating on shares of Immersion (NASDAQ:IMMR - Free Report) in a research note released on Thursday, Benzinga reports. They currently have a $11.00 price target on the software maker's stock.

Separately, StockNews.com upgraded shares of Immersion from a hold rating to a buy rating in a research report on Friday, March 8th.

Immersion Stock Performance

IMMR stock traded up $0.01 during mid-day trading on Thursday, reaching $7.10. 286,149 shares of the stock traded hands, compared to its average volume of 521,627. Immersion has a one year low of $5.94 and a one year high of $8.62. The stock has a market capitalization of $225.07 million, a PE ratio of 6.89 and a beta of 1.49. The business has a 50-day moving average price of $7.28 and a two-hundred day moving average price of $6.92.

Immersion (NASDAQ:IMMR - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The software maker reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.19 by $0.30. Immersion had a net margin of 100.17% and a return on equity of 19.75%. The business had revenue of $10.38 million for the quarter, compared to analysts' expectations of $9.25 million. On average, equities analysts expect that Immersion will post 1.11 earnings per share for the current fiscal year.

Immersion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Thursday, April 11th. Immersion's payout ratio is presently 17.48%.

Insider Transactions at Immersion

In other news, Director Elias Nader sold 13,000 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $8.22, for a total value of $106,860.00. Following the transaction, the director now directly owns 29,266 shares in the company, valued at $240,566.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 5.50% of the company's stock.

Institutional Trading of Immersion

Hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in Immersion by 288.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,142 shares of the software maker's stock worth $29,000 after acquiring an additional 3,076 shares during the period. Quarry LP purchased a new stake in Immersion in the first quarter worth about $39,000. Copeland Capital Management LLC purchased a new stake in Immersion in the third quarter worth about $29,000. Quantbot Technologies LP purchased a new stake in Immersion in the third quarter worth about $41,000. Finally, Lazard Asset Management LLC purchased a new stake in Immersion in the fourth quarter worth about $54,000. 60.57% of the stock is owned by hedge funds and other institutional investors.

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.