WINTON GROUP Ltd Buys New Shares in Immersion Co. (NASDAQ:IMMR)

WINTON GROUP Ltd bought a new stake in Immersion Co. (NASDAQ:IMMR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 39,316 shares of the software maker’s stock, valued at approximately $370,000. WINTON GROUP Ltd owned 0.12% of Immersion at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of Immersion by 160.3% during the 2nd quarter. CWM LLC now owns 6,487 shares of the software maker’s stock worth $61,000 after acquiring an additional 3,995 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Immersion during the 1st quarter worth approximately $72,000. Caprock Group LLC acquired a new stake in shares of Immersion during the 2nd quarter worth approximately $107,000. EMC Capital Management acquired a new stake in shares of Immersion during the 1st quarter worth approximately $120,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Immersion during the 1st quarter worth approximately $134,000. 60.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Immersion

In related news, CEO Eric Singer acquired 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average price of $8.77 per share, with a total value 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Immersion news, insider William C. Martin acquired 15,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The stock was bought at an average price of $8.81 per share, with a total value of $132,150.00. Following the completion of the transaction, the insider now directly owns 1,364,265 shares of the company’s stock, valued at $12,019,174.65. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Eric Singer purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $8.77 per share, with a total value 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 approximately $16,775,843.59. The disclosure for this purchase can be found here. Insiders have bought a total of 66,155 shares of company stock worth $580,675 over the last ninety days. 5.50% of the stock is currently owned by company insiders.

Immersion Stock Performance

Shares of IMMR stock opened at $8.78 on Thursday. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. Immersion Co. has a 52 week low of $5.94 and a 52 week high of $13.94. The stock has a market capitalization of $279.69 million, a PE ratio of 6.42 and a beta of 1.48. The firm has a 50 day moving average of $10.48 and a two-hundred day moving average of $9.21.

Immersion (NASDAQ:IMMR) last released its quarterly earnings data on Monday, August 19th. The software maker reported $0.89 earnings per share (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 business had revenue of $99.42 million during the quarter, compared to analysts’ expectations of $7.29 million. On average, research analysts predict that Immersion Co. will post 1.96 EPS for the current fiscal year.

Immersion Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be paid a $0.045 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.18 dividend on an annualized basis and a yield of 2.05%. Immersion’s dividend payout ratio is presently 13.14%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. BWS Financial raised their price target on shares of Immersion from $11.00 to $13.50 and gave the stock 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 report on Thursday, August 29th.

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.