Koss Olinger Consulting LLC Has $561,000 Holdings in Immersion Co. (NASDAQ:IMMR)

Koss Olinger Consulting LLC lessened its stake in shares of Immersion Co. (NASDAQ:IMMR) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,274 shares of the software maker’s stock after selling 3,381 shares during the period. Koss Olinger Consulting LLC’s holdings in Immersion were worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in shares of Immersion by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 738,295 shares of the software maker’s stock valued at $6,587,000 after purchasing an additional 20,982 shares during the period. State Street Corp increased its holdings in shares of 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 purchasing an additional 6,990 shares during the period. Kanen Wealth Management LLC increased its holdings in shares of Immersion by 84.6% in the 4th quarter. Kanen Wealth Management LLC now owns 600,000 shares of the software maker’s stock valued at $5,238,000 after purchasing an additional 275,000 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Immersion by 8.3% in the 3rd quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock valued at $3,617,000 after purchasing an additional 31,063 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in shares of Immersion by 16.8% in the 4th quarter. Bank of New York Mellon Corp now owns 358,240 shares of the software maker’s stock valued at $3,127,000 after purchasing an additional 51,655 shares during the period. Institutional investors and hedge funds own 60.57% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IMMR. Craig Hallum dropped their target price on Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. BWS Financial reiterated a “buy” rating and issued a $13.50 target price on shares of Immersion in a report on Thursday, March 13th.

Immersion Trading Down 3.2 %

NASDAQ:IMMR opened at $7.58 on Wednesday. The stock’s 50 day moving average price is $8.27 and its 200 day moving average price is $8.59. Immersion Co. has a 52 week low of $7.06 and a 52 week high of $13.94. The company has a market capitalization of $245.56 million, a P/E ratio of 2.71 and a beta of 1.55. 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 released its quarterly earnings data on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.33. Immersion had a return on equity of 28.08% and a net margin of 11.79%. The firm had revenue of $474.76 million for the quarter, compared to the consensus estimate of $9.45 million. On average, research analysts forecast that Immersion Co. will post 1.57 EPS for the current fiscal year.

Immersion Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be issued a $0.045 dividend. The ex-dividend date is Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a yield of 2.37%. Immersion’s dividend payout ratio is currently 6.47%.

Insider Buying and Selling

In related news, Director Toro 18 Holdings Llc bought 59,146 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $8.49 per share, with a total value of $502,149.54. Following the completion of the transaction, the director now directly owns 11,065,848 shares of the company’s stock, valued at $93,949,049.52. This trade represents a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.50% of the stock is currently owned by corporate insiders.

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.