EntryPoint Capital LLC Makes New Investment in Immersion Co. (NASDAQ:IMMR)

EntryPoint Capital LLC acquired 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 Securities & Exchange Commission. The firm acquired 37,445 shares of the software maker’s stock, valued at approximately $327,000.

A number of other institutional investors also recently modified their holdings of IMMR. Charles Schwab Investment Management Inc. raised its position in Immersion by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock valued at $775,000 after purchasing an additional 2,416 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of Immersion in the third quarter valued at $235,000. Quantbot Technologies LP bought a new position in shares of Immersion in the third quarter valued at about $78,000. FMR LLC lifted its position in Immersion by 518.2% during the 3rd quarter. FMR LLC now owns 19,481 shares of the software maker’s stock worth $174,000 after buying an additional 16,330 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in Immersion during the 3rd quarter worth about $224,000. Institutional investors own 60.57% of the company’s stock.

Immersion Stock Performance

Shares of NASDAQ:IMMR opened at $8.02 on Friday. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. Immersion Co. has a 1-year low of $7.06 and a 1-year high of $13.94. The stock has a market capitalization of $259.82 million, a P/E ratio of 2.86 and a beta of 1.55. The business has a 50-day moving average price of $8.16 and a two-hundred day moving average price of $8.54.

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, topping analysts’ consensus estimates of $0.14 by $0.33. Immersion had a net margin of 11.79% and a return on equity of 28.08%. The business had revenue of $474.76 million during the quarter, compared to the consensus estimate of $9.45 million. Equities analysts predict that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date of this dividend is Monday, April 14th. Immersion’s dividend payout ratio (DPR) is currently 6.47%.

Analysts Set New Price Targets

IMMR has been the topic of a number of research reports. BWS Financial reiterated a “buy” rating and set a $13.50 target price on shares of Immersion in a research report on Thursday, March 13th. Craig Hallum reduced their price objective on Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 13th.

Insider Transactions at Immersion

In other news, Director Toro 18 Holdings Llc bought 59,146 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average price of $8.49 per share, with a total value of $502,149.54. Following the transaction, the director now owns 11,065,848 shares in the company, valued at $93,949,049.52. This represents a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric Singer bought 42,638 shares of the business’s stock in a transaction on Thursday, March 20th. The stock was purchased at an average price of $7.51 per share, for a total transaction of $320,211.38. Following the purchase, the chief executive officer now directly owns 2,161,866 shares in the company, valued at approximately $16,235,613.66. This represents a 2.01 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 128,934 shares of company stock worth $1,027,343 in the last three months. Insiders own 5.50% of the company’s stock.

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.