EntryPoint Capital LLC Makes New Investment in Immersion Co. (NASDAQ:IMMR)

EntryPoint Capital LLC bought a new stake in shares of Immersion Co. (NASDAQ:IMMR) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,445 shares of the software maker’s stock, valued at approximately $327,000. EntryPoint Capital LLC owned approximately 0.12% of Immersion at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC raised its stake in shares of Immersion by 276.0% in the 3rd 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Immersion in the fourth quarter valued at approximately $51,000. Franklin Resources Inc. lifted its stake in shares of Immersion by 5.8% in the third quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker’s stock worth $447,000 after buying an additional 2,879 shares during the last quarter. State Street Corp boosted its holdings 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 buying an additional 6,990 shares during the period. Finally, Charles Schwab Investment Management Inc. grew 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 valued at $775,000 after buying an additional 2,416 shares during the last quarter. Institutional investors and hedge funds own 60.57% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Immersion

In related news, Director Toro 18 Holdings Llc bought 59,146 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the transaction, the director now directly owns 11,065,848 shares of the company’s stock, valued at $93,949,049.52. This represents a 0.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider William C. Martin purchased 27,150 shares of the stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $7.55 per share, for a total transaction of $204,982.50. Following the completion of the transaction, the insider now directly owns 1,450,693 shares of the company’s stock, valued at approximately $10,952,732.15. This trade represents a 1.91 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 128,934 shares of company stock valued at $1,027,343 over the last quarter. 5.50% of the stock is owned by company insiders.

Immersion Trading Up 1.4 %

Immersion stock opened at $8.02 on Friday. The business has a 50 day moving average price of $8.16 and a two-hundred day moving average price of $8.54. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. Immersion Co. has a 12 month low of $7.06 and a 12 month high of $13.94. The stock has a market cap of $259.82 million, a price-to-earnings ratio of 2.86 and a beta of 1.55.

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

Immersion Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be given a dividend of $0.045 per share. The ex-dividend date is Monday, April 14th. This represents a $0.18 annualized dividend and a dividend yield of 2.24%. Immersion’s dividend payout ratio (DPR) is currently 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.