Barclays PLC Grows Position in Immersion Co. (NASDAQ:IMMR)

Barclays PLC lifted its position in Immersion Co. (NASDAQ:IMMR) by 276.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,579 shares of the software maker’s stock after purchasing an additional 29,054 shares during the period. Barclays PLC owned about 0.12% of Immersion worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new stake in shares of Immersion during the 2nd quarter valued at about $26,000. Copeland Capital Management LLC purchased a new stake in shares of Immersion in the third quarter valued at approximately $59,000. Quantbot Technologies LP purchased a new position in shares of Immersion during the 3rd quarter valued at approximately $78,000. Magnetar Financial LLC acquired a new stake in Immersion in the 2nd quarter valued at $113,000. Finally, The Manufacturers Life Insurance Company increased its holdings in Immersion by 10.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock worth $116,000 after acquiring an additional 1,139 shares in the last quarter. Institutional investors and hedge funds own 60.57% of the company’s stock.

Immersion Stock Performance

Shares of NASDAQ:IMMR opened at $8.63 on Monday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. Immersion Co. has a 1 year low of $6.54 and a 1 year high of $13.94. The firm has a market capitalization of $278.54 million, a PE ratio of 3.08 and a beta of 1.50. The business’s 50 day moving average price is $8.84 and its 200-day moving average price is $9.38.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.68. Immersion had a net margin of 11.79% and a return on equity of 28.08%. As a group, equities research analysts expect that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

Immersion Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 10th. Immersion’s dividend payout ratio (DPR) is currently 6.43%.

Wall Street Analyst Weigh In

Separately, BWS Financial reiterated a “buy” rating and issued a $13.50 target price on shares of Immersion in a research report on Wednesday, December 18th.

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.