Los Angeles Capital Management LLC Buys 5,260 Shares of Immersion Co. (NASDAQ:IMMR)

Los Angeles Capital Management LLC increased its stake in shares of Immersion Co. (NASDAQ:IMMR) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 167,225 shares of the software maker’s stock after acquiring an additional 5,260 shares during the quarter. Los Angeles Capital Management LLC owned about 0.52% of Immersion worth $1,460,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Segall Bryant & Hamill LLC bought a new position in shares of Immersion during the 3rd quarter valued at about $3,113,000. Barclays PLC boosted its stake in Immersion by 276.0% during the third quarter. Barclays PLC now owns 39,579 shares of the software maker’s stock valued at $353,000 after buying an additional 29,054 shares during the last quarter. Franklin Resources Inc. boosted its stake in Immersion by 5.8% during the third quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker’s stock valued at $447,000 after buying an additional 2,879 shares during the last quarter. State Street Corp grew its holdings in Immersion by 1.0% during the 3rd quarter. State Street Corp now owns 681,414 shares of the software maker’s stock valued at $6,078,000 after buying an additional 6,990 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 worth $775,000 after acquiring an additional 2,416 shares during the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, BWS Financial reiterated a “buy” rating and set a $13.50 target price on shares of Immersion in a research report on Wednesday, February 5th.

Immersion Stock Performance

Shares of NASDAQ:IMMR opened at $8.04 on Friday. The firm has a fifty day simple moving average of $8.55 and a two-hundred day simple moving average of $8.77. Immersion Co. has a 52 week low of $6.54 and a 52 week 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 stock has a market capitalization of $259.50 million, a P/E ratio of 2.87 and a beta of 1.50.

Immersion (NASDAQ:IMMR) last released its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, topping the consensus estimate of $0.15 by $0.68. Immersion had a return on equity of 28.08% and a net margin of 11.79%. On average, analysts expect that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

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.