SBI Securities Co. Ltd. Makes New $51,000 Investment in Immersion Co. (NASDAQ:IMMR)

SBI Securities Co. Ltd. purchased a new stake in shares of Immersion Co. (NASDAQ:IMMR) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,875 shares of the software maker’s stock, valued at approximately $51,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its holdings in shares of Immersion by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock worth $775,000 after purchasing an additional 2,416 shares in the last quarter. Franklin Resources Inc. lifted its position in Immersion by 5.8% during the third quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker’s stock valued at $447,000 after purchasing an additional 2,879 shares during the last quarter. Quartz Partners LLC grew its stake in Immersion by 4.8% in the 4th quarter. Quartz Partners LLC now owns 77,546 shares of the software maker’s stock worth $677,000 after buying an additional 3,570 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Immersion by 3.2% in the 4th quarter. Los Angeles Capital Management LLC now owns 167,225 shares of the software maker’s stock worth $1,460,000 after buying an additional 5,260 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Immersion by 11.3% during the 4th quarter. Principal Financial Group Inc. now owns 55,227 shares of the software maker’s stock valued at $482,000 after buying an additional 5,591 shares in the last quarter. 60.57% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reissued a “buy” rating and set a $13.50 price objective on shares of Immersion in a report on Wednesday, February 5th.

Immersion Price Performance

IMMR opened at $7.57 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. The stock has a market capitalization of $244.33 million, a PE ratio of 2.70 and a beta of 1.55. The stock’s 50 day moving average price is $8.40 and its 200-day moving average price is $8.65. Immersion Co. has a 52-week low of $7.06 and a 52-week high of $13.94.

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

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.