14,609 Shares in Immersion Co. (NASDAQ:IMMR) Bought by Hennessy Advisors Inc.

Hennessy Advisors Inc. bought a new stake in Immersion Co. (NASDAQ:IMMR) during the fourth quarter, Holdings Channel reports. The firm bought 14,609 shares of the software maker’s stock, valued at approximately $128,000.

Several other institutional investors have also recently bought and sold shares of IMMR. Rhumbline Advisers grew its position in shares of Immersion by 2.7% in the second quarter. Rhumbline Advisers now owns 50,670 shares of the software maker’s stock valued at $477,000 after purchasing an additional 1,322 shares during the last quarter. American Century Companies Inc. grew its holdings in Immersion by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 588,995 shares of the software maker’s stock valued at $5,542,000 after buying an additional 31,110 shares during the last quarter. Renaissance Technologies LLC increased its position in Immersion by 43.3% in the 2nd quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock worth $4,688,000 after buying an additional 150,513 shares during the period. XTX Topco Ltd acquired a new position in shares of Immersion during the second quarter worth approximately $176,000. Finally, Sei Investments Co. bought a new stake in shares of Immersion in the second quarter valued at approximately $385,000. Institutional investors own 60.57% of the company’s stock.

Wall Street Analyst Weigh In

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

Immersion Stock Up 0.9 %

IMMR stock opened at $8.63 on Friday. Immersion Co. has a twelve month low of $6.54 and a twelve month high of $13.94. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The company has a market cap of $278.58 million, a PE ratio of 3.08 and a beta of 1.50. The business’s 50-day simple moving average is $8.84 and its 200 day simple moving average is $9.38.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings data 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 return on equity of 28.08% and a net margin of 11.79%. On average, research analysts anticipate that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Announces Dividend

The firm also recently disclosed a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.245 per share. The ex-dividend date is Friday, January 10th. Immersion’s payout ratio is 6.43%.

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.