Hennessy Advisors Inc. Invests $128,000 in Immersion Co. (NASDAQ:IMMR)

Hennessy Advisors Inc. purchased a new stake in shares of Immersion Co. (NASDAQ:IMMR) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 14,609 shares of the software maker’s stock, valued at approximately $128,000.

Several other hedge funds have also recently bought and sold shares of IMMR. Quarry LP purchased a new position in Immersion during the 2nd quarter valued at about $26,000. Copeland Capital Management LLC purchased a new position in Immersion during the third quarter valued at approximately $59,000. Quantbot Technologies LP acquired a new position in Immersion in the 3rd quarter valued at approximately $78,000. Magnetar Financial LLC acquired a new stake in shares of Immersion during the 2nd quarter valued at $113,000. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Immersion by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock valued at $116,000 after acquiring an additional 1,139 shares in the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

Immersion Trading Up 0.9 %

NASDAQ:IMMR opened at $8.63 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. The company has a market capitalization of $278.58 million, a P/E ratio of 3.08 and a beta of 1.50. The stock’s 50 day moving average price is $8.84 and its 200 day moving average price is $9.38. Immersion Co. has a 52 week low of $6.54 and a 52 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 net margin of 11.79% and a return on equity of 28.08%. On average, research analysts forecast that Immersion Co. will post 1.57 EPS for the current fiscal year.

Immersion Dividend Announcement

The business also recently declared a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be given a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio is currently 6.43%.

Analyst Ratings Changes

Separately, BWS Financial reiterated a “buy” rating and set a $13.50 price objective on shares of Immersion in a report on Wednesday, December 18th.

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.