Immersion Co. (NASDAQ:IMMR) Shares Acquired by Centiva Capital LP

Centiva Capital LP grew its stake in Immersion Co. (NASDAQ:IMMR) by 58.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,398 shares of the software maker’s stock after purchasing an additional 15,228 shares during the quarter. Centiva Capital LP owned approximately 0.13% of Immersion worth $361,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Farther Finance Advisors LLC raised its stake in shares of Immersion by 29,900.0% in the 4th quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker’s stock valued at $26,000 after purchasing an additional 2,990 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Immersion in the 4th quarter valued at about $51,000. Quarry LP acquired a new stake in shares of Immersion in the 4th quarter valued at about $54,000. AlphaQuest LLC bought a new stake in shares of Immersion during the 4th quarter valued at about $61,000. Finally, Legal & General Group Plc grew its position in shares of Immersion by 44.2% during the 4th quarter. Legal & General Group Plc now owns 7,910 shares of the software maker’s stock valued at $69,000 after buying an additional 2,425 shares during the last quarter. Institutional investors and hedge funds own 60.57% of the company’s stock.

Insider Activity

In other Immersion news, CEO Eric Singer bought 42,638 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The stock was acquired at an average cost of $7.51 per share, with a total value of $320,211.38. Following the completion of the purchase, the chief executive officer now directly owns 2,161,866 shares in the company, valued at approximately $16,235,613.66. This trade represents a 2.01% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider William C. Martin bought 27,150 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average cost of $7.55 per share, with a total value of $204,982.50. Following the completion of the purchase, the insider now owns 1,450,693 shares of the company’s stock, valued at approximately $10,952,732.15. The trade was a 1.91% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 128,934 shares of company stock worth $1,027,343 over the last three months. Corporate insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on IMMR shares. Craig Hallum lowered their price objective on shares of Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, March 13th. BWS Financial restated a “buy” rating and issued a $13.50 target price on shares of Immersion in a research report on Thursday, March 13th.

Immersion Price Performance

NASDAQ IMMR opened at $7.29 on Monday. Immersion Co. has a 52 week low of $6.47 and a 52 week high of $13.94. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The stock has a market cap of $236.17 million, a price-to-earnings ratio of 2.60 and a beta of 1.40. The company has a 50-day moving average price of $7.36 and a two-hundred day moving average price of $8.20.

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

Immersion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Monday, April 14th were issued a $0.045 dividend. This represents a $0.18 annualized dividend and a dividend yield of 2.47%. The ex-dividend date was Monday, April 14th. Immersion’s dividend payout ratio (DPR) is presently 6.47%.

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.