Immersion Co. (NASDAQ:IMMR) Shares Purchased by Quartz Partners LLC

Quartz Partners LLC raised its holdings in shares of Immersion Co. (NASDAQ:IMMR) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,546 shares of the software maker’s stock after purchasing an additional 3,570 shares during the period. Quartz Partners LLC owned about 0.24% of Immersion worth $677,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new stake in shares of Immersion during the 3rd quarter valued at about $3,113,000. Barclays PLC boosted its stake in Immersion by 276.0% in the third quarter. Barclays PLC now owns 39,579 shares of the software maker’s stock valued at $353,000 after acquiring an additional 29,054 shares during the period. Franklin Resources Inc. grew its holdings in shares of 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 purchasing an additional 2,879 shares during the last quarter. State Street Corp raised its position in shares of Immersion by 1.0% during the 3rd quarter. State Street Corp now owns 681,414 shares of the software maker’s stock worth $6,078,000 after purchasing an additional 6,990 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Immersion by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock worth $775,000 after purchasing an additional 2,416 shares during the period. 60.57% of the stock is owned by institutional investors and hedge funds.

Immersion Trading Down 1.4 %

Shares of NASDAQ:IMMR opened at $8.48 on Monday. 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 company’s 50-day moving average price is $8.66 and its 200 day moving average price is $8.83. The company has a market cap of $273.70 million, a PE ratio of 3.03 and a beta of 1.50. Immersion Co. has a fifty-two week low of $6.54 and a fifty-two week high of $13.94.

Immersion (NASDAQ:IMMR) last released its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.68. Immersion had a return on equity of 28.08% and a net margin of 11.79%. Sell-side analysts anticipate that Immersion Co. will post 1.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.