Victory Capital Management Inc. Boosts Stock Holdings in Immersion Co. (NASDAQ:IMMR)

Victory Capital Management Inc. grew its position in shares of Immersion Co. (NASDAQ:IMMR) by 8.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,480 shares of the software maker’s stock after purchasing an additional 31,063 shares during the quarter. Victory Capital Management Inc. owned approximately 1.26% of Immersion worth $3,617,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IMMR. Russell Investments Group Ltd. increased its holdings in shares of Immersion by 2.1% during the 1st quarter. Russell Investments Group Ltd. now owns 240,023 shares of the software maker’s stock valued at $1,795,000 after purchasing an additional 4,978 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Immersion by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 1,892,282 shares of the software maker’s stock valued at $14,154,000 after purchasing an additional 16,287 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of Immersion during the 1st quarter valued at approximately $250,000. Lazard Asset Management LLC purchased a new position in shares of Immersion during the 1st quarter valued at approximately $72,000. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Immersion by 4.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,120 shares of the software maker’s stock valued at $218,000 after purchasing an additional 1,140 shares in the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

Immersion Price Performance

Immersion stock opened at $8.88 on Friday. The company’s fifty day moving average price is $8.60 and its 200 day moving average price is $9.61. Immersion Co. has a 1 year low of $6.33 and a 1 year high of $13.94. The stock has a market capitalization of $286.65 million, a P/E ratio of 4.33 and a beta of 1.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55.

Immersion Dividend Announcement

The business also recently declared a None dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be paid a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio is currently 8.78%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on IMMR shares. StockNews.com raised shares of Immersion from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. BWS Financial lifted their price target on shares of Immersion from $11.00 to $13.50 and gave the company a “buy” rating in a research note on Monday, August 26th.

Insiders Place Their Bets

In other Immersion news, insider William C. Martin bought 15,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $8.81 per share, with a total value of $132,150.00. Following the purchase, the insider now directly owns 1,364,265 shares in the company, valued at $12,019,174.65. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Eric Singer bought 50,000 shares of the stock in a transaction on Tuesday, August 27th. The shares were acquired at an average cost of $8.77 per share, for a total transaction of $438,500.00. Following the purchase, the chief executive officer now owns 1,912,867 shares in the company, valued at $16,775,843.59. The trade was a 2.68 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 66,155 shares of company stock valued at $580,675 in the last 90 days. 5.50% of the stock is owned by insiders.

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.