LSV Asset Management Increases Stock Holdings in Immersion Co. (NASDAQ:IMMR)

LSV Asset Management raised its stake in shares of Immersion Co. (NASDAQ:IMMR) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,669,267 shares of the software maker’s stock after purchasing an additional 32,069 shares during the period. LSV Asset Management owned 0.05% of Immersion worth $11,785,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quantbot Technologies LP acquired a new position in Immersion during the third quarter worth about $41,000. SG Americas Securities LLC acquired a new position in shares of Immersion during the 3rd quarter worth approximately $93,000. Brandywine Global Investment Management LLC purchased a new stake in shares of Immersion in the third quarter valued at approximately $98,000. Teza Capital Management LLC purchased a new position in Immersion during the third quarter worth approximately $142,000. Finally, Hennion & Walsh Asset Management Inc. boosted its stake in Immersion by 20.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 22,109 shares of the software maker’s stock worth $146,000 after buying an additional 3,790 shares during the last quarter. Institutional investors and hedge funds own 60.57% of the company’s stock.

Insider Buying and Selling at Immersion

In related news, Director Elias Nader sold 13,000 shares of Immersion stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $8.22, for a total value of $106,860.00. Following the transaction, the director now owns 29,266 shares in the company, valued at $240,566.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on IMMR. BWS Financial restated a “buy” rating and set a $11.00 price target on shares of Immersion in a report on Thursday, April 18th. StockNews.com raised shares of Immersion from a “hold” rating to a “buy” rating in a report on Friday, March 8th.

Immersion Stock Performance

Shares of IMMR opened at $7.37 on Wednesday. Immersion Co. has a 1 year low of $5.94 and a 1 year high of $8.62. The company’s 50 day simple moving average is $7.32 and its 200 day simple moving average is $6.97. The company has a market capitalization of $233.63 million, a price-to-earnings ratio of 7.16 and a beta of 1.46.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings data on Thursday, March 7th. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.30. The business had revenue of $10.38 million during the quarter, compared to the consensus estimate of $9.25 million. Immersion had a return on equity of 19.75% and a net margin of 100.17%. Equities analysts expect that Immersion Co. will post 1.14 EPS for the current fiscal year.

Immersion Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were given a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.44%. The ex-dividend date was Thursday, April 11th. Immersion’s dividend payout ratio (DPR) is 17.48%.

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.