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

Royce & Associates LP decreased its holdings in Immersion Co. (NASDAQ:IMMR) by 28.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 629,777 shares of the software maker’s stock after selling 250,262 shares during the quarter. Royce & Associates LP’s holdings in Immersion were worth $5,618,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Immersion in the second quarter valued at about $26,000. CWM LLC boosted its holdings in Immersion by 160.3% in the 2nd quarter. CWM LLC now owns 6,487 shares of the software maker’s stock worth $61,000 after buying an additional 3,995 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in Immersion in the 3rd quarter worth about $59,000. Lazard Asset Management LLC purchased a new stake in Immersion during the 1st quarter worth approximately $72,000. Finally, Caprock Group LLC acquired a new position in shares of Immersion during the second quarter valued at approximately $107,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Insiders Place Their Bets

In other news, insider William C. Martin purchased 15,000 shares of the business’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average price of $8.81 per share, for a total transaction of $132,150.00. Following the acquisition, the insider now directly owns 1,364,265 shares of the company’s stock, valued at approximately $12,019,174.65. This represents a 1.11 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric Singer purchased 50,000 shares of Immersion stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of $8.77 per share, for a total transaction of $438,500.00. Following the transaction, the chief executive officer now owns 1,912,867 shares in the company, valued at approximately $16,775,843.59. This trade represents a 2.68 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 66,155 shares of company stock valued at $580,675 in the last three months. 5.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

IMMR has been the topic of a number of research analyst reports. StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th. BWS Financial lifted their target price on shares of Immersion from $11.00 to $13.50 and gave the stock a “buy” rating in a research note on Monday, August 26th.

Immersion Stock Up 0.5 %

Shares of NASDAQ IMMR opened at $8.51 on Tuesday. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $8.63 and a 200 day moving average of $9.59. Immersion Co. has a 12-month low of $6.33 and a 12-month high of $13.94. The stock has a market cap of $274.70 million, a PE ratio of 4.15 and a beta of 1.48.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings results on Monday, August 19th. The software maker reported $0.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.34 by $0.55. Immersion had a return on equity of 27.05% and a net margin of 40.62%. The business had revenue of $99.42 million during the quarter, compared to analyst estimates of $7.29 million. As a group, sell-side analysts predict that Immersion Co. will post 1.96 EPS for the current fiscal year.

Immersion Dividend Announcement

The business also recently announced a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio (DPR) is presently 8.78%.

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.