Immersion Co. (NASDAQ:IMMR) Shares Sold by Royce & Associates LP

Royce & Associates LP decreased its position in Immersion Co. (NASDAQ:IMMR) by 15.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 530,787 shares of the software maker’s stock after selling 98,990 shares during the quarter. Royce & Associates LP’s holdings in Immersion were worth $4,634,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of IMMR. Victory Capital Management Inc. lifted its holdings in shares of Immersion by 8.3% in the third quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock valued at $3,617,000 after buying an additional 31,063 shares during the period. Banque Cantonale Vaudoise lifted its holdings in shares of Immersion by 92.1% in the third quarter. Banque Cantonale Vaudoise now owns 22,042 shares of the software maker’s stock valued at $197,000 after buying an additional 10,569 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of Immersion in the third quarter valued at $3,113,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Immersion by 2.9% in 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 during the period. Finally, D.A. Davidson & CO. acquired a new stake in shares of Immersion in the third quarter valued at $235,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

Immersion Trading Up 0.7 %

Shares of NASDAQ IMMR opened at $7.63 on Thursday. The company has a market cap of $247.18 million, a price-to-earnings ratio of 2.73 and a beta of 1.55. Immersion Co. has a 12 month low of $7.06 and a 12 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 business has a fifty day simple moving average of $8.25 and a 200-day simple moving average of $8.58.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.33. The firm had revenue of $474.76 million for the quarter, compared to analyst estimates of $9.45 million. Immersion had a return on equity of 28.08% and a net margin of 11.79%. Sell-side analysts predict that Immersion Co. will post 1.57 EPS for the current year.

Immersion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend is Monday, April 14th. Immersion’s payout ratio is 6.47%.

Insider Activity at Immersion

In other Immersion news, Director Toro 18 Holdings Llc purchased 59,146 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of $8.49 per share, with a total value of $502,149.54. Following the completion of the transaction, the director now owns 11,065,848 shares of the company’s stock, valued at approximately $93,949,049.52. This represents a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.50% of the stock is owned by insiders.

Analyst Ratings Changes

IMMR has been the subject of several analyst reports. Craig Hallum reduced their target price on Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, March 13th. BWS Financial reaffirmed a “buy” rating and set a $13.50 target price on shares of Immersion in a report on Thursday, March 13th.

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.