Proficio Capital Partners LLC Buys New Holdings in Immersion Co. (NASDAQ:IMMR)

Proficio Capital Partners LLC bought a new position in shares of Immersion Co. (NASDAQ:IMMR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 11,262 shares of the software maker’s stock, valued at approximately $98,000.

Other large investors also recently made changes to their positions in the company. Quantbot Technologies LP acquired a new position in shares of Immersion during the 3rd quarter worth $78,000. Hennessy Advisors Inc. acquired a new position in shares of Immersion during the fourth quarter valued at about $128,000. FMR LLC lifted its stake in shares of Immersion by 518.2% in the third quarter. FMR LLC now owns 19,481 shares of the software maker’s stock valued at $174,000 after buying an additional 16,330 shares in the last quarter. Banque Cantonale Vaudoise boosted its holdings in Immersion by 92.1% during the 3rd quarter. Banque Cantonale Vaudoise now owns 22,042 shares of the software maker’s stock worth $197,000 after acquiring an additional 10,569 shares during the last quarter. Finally, Silverleafe Capital Partners LLC purchased a new stake in shares of Immersion during the 4th quarter valued at $211,000. Institutional investors own 60.57% of the company’s stock.

Wall Street Analysts Forecast Growth

IMMR has been the topic of several recent research reports. BWS Financial restated a “buy” rating and set a $13.50 target price on shares of Immersion in a research report on Thursday. Craig Hallum lowered their price target on shares of Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a report on Thursday.

Immersion Stock Down 4.6 %

NASDAQ:IMMR opened at $7.44 on Friday. Immersion Co. has a 1-year low of $7.06 and a 1-year high of $13.94. The company has a market capitalization of $240.13 million, a PE ratio of 2.66 and a beta of 1.55. The firm’s 50-day moving average price is $8.36 and its 200-day moving average price is $8.63. 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 (NASDAQ:IMMR) last released its earnings results on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, topping the consensus estimate of $0.14 by $0.33. The business had revenue of $474.76 million for the quarter, compared to the consensus estimate of $9.45 million. Immersion had a return on equity of 28.08% and a net margin of 11.79%. On average, equities analysts predict that Immersion Co. will post 1.57 EPS for the current fiscal year.

Immersion Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be issued a dividend of $0.045 per share. The ex-dividend date is Monday, April 14th. This represents a $0.18 annualized dividend and a dividend yield of 2.42%. Immersion’s payout ratio is 4.64%.

About Immersion

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.