Charles Schwab Investment Management Inc. Has $775,000 Stake in Immersion Co. (NASDAQ:IMMR)

Charles Schwab Investment Management Inc. boosted its stake in shares of Immersion Co. (NASDAQ:IMMR) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 86,910 shares of the software maker’s stock after buying an additional 2,416 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.27% of Immersion worth $775,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IMMR. Acadian Asset Management LLC bought a new position in shares of Immersion during the second quarter worth about $3,375,000. Segall Bryant & Hamill LLC bought a new position in Immersion during the 3rd quarter worth approximately $3,113,000. ClariVest Asset Management LLC acquired a new position in shares of Immersion in the 2nd quarter worth approximately $1,571,000. Renaissance Technologies LLC boosted its stake in shares of Immersion by 43.3% in the 2nd quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock valued at $4,688,000 after purchasing an additional 150,513 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Immersion by 151.3% during the second quarter. Los Angeles Capital Management LLC now owns 209,675 shares of the software maker’s stock worth $1,973,000 after buying an additional 126,247 shares during the period. Institutional investors own 60.57% of the company’s stock.

Immersion Price Performance

Shares of NASDAQ IMMR opened at $8.90 on Thursday. 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’s 50-day moving average price is $8.73 and its 200-day moving average price is $9.58. The firm has a market capitalization of $287.26 million, a P/E ratio of 4.34 and a beta of 1.51. Immersion Co. has a 1-year low of $6.54 and a 1-year high of $13.94.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.68. Immersion had a return on equity of 27.05% and a net margin of 40.62%. Equities research analysts anticipate that Immersion Co. will post 1.96 earnings per share for the current fiscal year.

Immersion Dividend Announcement

The firm also recently disclosed a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 10th. Immersion’s payout ratio is 8.78%.

Analyst Ratings Changes

A number of analysts have commented on IMMR shares. BWS Financial reaffirmed a “buy” rating and set a $13.50 price target on shares of Immersion in a research report on Wednesday. StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

Immersion Company 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.