Immersion Co. (NASDAQ:IMMR) Shares Acquired by Quest Partners LLC

Quest Partners LLC lifted its holdings in Immersion Co. (NASDAQ:IMMR) by 1,894,800.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,949 shares of the software maker’s stock after acquiring an additional 18,948 shares during the quarter. Quest Partners LLC owned 0.06% of Immersion worth $178,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Immersion by 268.4% during the 4th quarter. BNP Paribas Financial Markets now owns 50,308 shares of the software maker’s stock worth $355,000 after purchasing an additional 36,653 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Immersion during the fourth quarter worth about $442,000. Campbell & CO Investment Adviser LLC raised its position in Immersion by 1.7% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 104,834 shares of the software maker’s stock valued at $740,000 after acquiring an additional 1,757 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in Immersion in the first quarter valued at approximately $134,000. Finally, Prairiewood Capital LLC acquired a new position in Immersion in the first quarter valued at approximately $209,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

Insider Buying and Selling at Immersion

In other news, CEO Eric Singer purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The stock was purchased at an average cost of $8.77 per share, for a total transaction of $438,500.00. Following the completion of the transaction, the chief executive officer now owns 1,912,867 shares of the company’s stock, valued at $16,775,843.59. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Immersion news, insider William C. Martin acquired 15,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was bought at an average price of $8.81 per share, for a total transaction of $132,150.00. Following the acquisition, the insider now owns 1,364,265 shares in the company, valued at $12,019,174.65. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eric Singer bought 50,000 shares of the stock in a transaction dated Tuesday, August 27th. The shares were bought at an average price of $8.77 per share, for a total transaction of $438,500.00. Following the completion of the acquisition, the chief executive officer now owns 1,912,867 shares in the company, valued at $16,775,843.59. The disclosure for this purchase can be found here. Insiders bought 66,155 shares of company stock valued at $580,675 over the last quarter. 5.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IMMR shares. BWS Financial lifted their target price on shares of Immersion from $11.00 to $13.50 and gave the company a “buy” rating in a report on Monday, August 26th. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Immersion Stock Up 3.8 %

Shares of IMMR opened at $9.28 on Monday. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm has a market cap of $298.63 million, a P/E ratio of 6.77 and a beta of 1.48. The stock’s 50 day moving average is $10.53 and its two-hundred day moving average is $9.18. Immersion Co. has a 12 month low of $5.94 and a 12 month high of $13.94.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Monday, August 19th. The software maker reported $0.89 EPS for the quarter, topping the consensus estimate of $0.34 by $0.55. Immersion had a net margin of 40.62% and a return on equity of 27.05%. The company had revenue of $99.42 million during the quarter, compared to analyst estimates of $7.29 million. Analysts predict that Immersion Co. will post 1.96 earnings per share for the current fiscal year.

Immersion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, October 4th will be issued a $0.045 dividend. This represents a $0.18 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Friday, October 4th. Immersion’s payout ratio is 13.14%.

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.