Immersion Co. (NASDAQ:IMMR) Stake Lifted by Quartz Partners LLC

Quartz Partners LLC increased its position in shares of Immersion Co. (NASDAQ:IMMR) by 4.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 77,546 shares of the software maker’s stock after buying an additional 3,570 shares during the quarter. Quartz Partners LLC’s holdings in Immersion were worth $677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in IMMR. Hanseatic Management Services Inc. increased its position in shares of Immersion by 2.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker’s stock valued at $488,000 after purchasing an additional 1,411 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Immersion by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock valued at $775,000 after buying an additional 2,416 shares in the last quarter. Franklin Resources Inc. grew its holdings in Immersion by 5.8% during the third quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker’s stock worth $447,000 after acquiring an additional 2,879 shares during the period. Principal Financial Group Inc. raised its position in Immersion by 11.3% in the fourth quarter. Principal Financial Group Inc. now owns 55,227 shares of the software maker’s stock worth $482,000 after acquiring an additional 5,591 shares in the last quarter. Finally, State Street Corp lifted its holdings in Immersion by 1.0% in the 3rd quarter. State Street Corp now owns 681,414 shares of the software maker’s stock valued at $6,078,000 after acquiring an additional 6,990 shares during the last quarter. 60.57% of the stock is currently owned by institutional investors and hedge funds.

Immersion Price Performance

NASDAQ IMMR opened at $8.48 on Monday. Immersion Co. has a 1 year low of $6.54 and a 1 year high of $13.94. The business’s fifty day moving average is $8.66 and its two-hundred day moving average is $8.83. The stock has a market capitalization of $273.70 million, a P/E ratio of 3.03 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65.

Immersion (NASDAQ:IMMR) last announced its earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) 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, research analysts forecast that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reaffirmed a “buy” rating and issued a $13.50 price objective on shares of Immersion in a research note on Wednesday, February 5th.

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.