Tudor Investment Corp ET AL Invests $700,000 in Immersion Co. (NASDAQ:IMMR)

Tudor Investment Corp ET AL acquired a new position in Immersion Co. (NASDAQ:IMMR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 80,129 shares of the software maker's stock, valued at approximately $700,000. Tudor Investment Corp ET AL owned 0.25% of Immersion as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of Immersion in the 4th quarter worth approximately $54,000. Price T Rowe Associates Inc. MD raised its stake in shares of Immersion by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,443 shares of the software maker's stock valued at $284,000 after buying an additional 1,604 shares during the period. XTX Topco Ltd purchased a new position in shares of Immersion during the 4th quarter valued at $132,000. Barclays PLC grew its stake in shares of Immersion by 18.6% during the 4th quarter. Barclays PLC now owns 46,958 shares of the software maker's stock worth $410,000 after acquiring an additional 7,379 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in Immersion in the 4th quarter worth about $1,644,000. 60.57% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on IMMR. BWS Financial reaffirmed a "buy" rating and set a $13.50 price objective on shares of Immersion in a report on Thursday, March 13th. Craig Hallum dropped their price target on shares of Immersion from $14.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, March 13th.

Immersion Stock Performance

Shares of NASDAQ:IMMR traded up $0.12 during midday trading on Tuesday, reaching $7.67. 133,732 shares of the company traded hands, compared to its average volume of 693,082. The firm's fifty day moving average price is $7.36 and its two-hundred day moving average price is $8.19. The firm has a market capitalization of $248.48 million, a price-to-earnings ratio of 2.74 and a beta of 1.40. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. Immersion Co. has a 12 month low of $6.47 and a 12 month high of $13.94.

Immersion (NASDAQ:IMMR - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $9.45 million. On average, equities analysts expect that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Monday, April 14th. Immersion's payout ratio is 6.47%.

Insider Buying and Selling at Immersion

In other Immersion news, CEO Eric Singer bought 42,638 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were acquired at an average cost of $7.51 per share, for a total transaction of $320,211.38. Following the purchase, the chief executive officer now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Toro 18 Holdings Llc purchased 59,146 shares of the company's 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 transaction, 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 bought a total of 128,934 shares of company stock valued at $1,027,343 in the last three months. Company insiders own 5.50% of the company's stock.

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.