Immersion Co. (NASDAQ:IMMR) Holdings Decreased by Royce & Associates LP

Royce & Associates LP trimmed its position in Immersion Co. (NASDAQ:IMMR) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 530,787 shares of the software maker’s stock after selling 98,990 shares during the quarter. Royce & Associates LP owned approximately 1.64% of Immersion worth $4,634,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of Immersion by 68.5% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 12,042 shares of the software maker’s stock valued at $106,000 after acquiring an additional 4,897 shares during the last quarter. Farther Finance Advisors LLC increased its holdings 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 acquiring an additional 2,990 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of Immersion in the 4th quarter valued at approximately $61,000. Raymond James Financial Inc. bought a new stake in shares of Immersion in the 4th quarter valued at approximately $1,644,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Immersion in the 4th quarter valued at approximately $98,000. 60.57% of the stock is currently owned by institutional investors.

Immersion Price Performance

Shares of IMMR opened at $7.63 on Thursday. The company has a market cap of $247.18 million, a P/E ratio of 2.73 and a beta of 1.55. The stock has a fifty day moving average price of $8.25 and a 200 day moving average price of $8.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. Immersion Co. has a 12 month low of $7.06 and a 12 month high of $13.94.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings data on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, topping 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 firm had revenue of $474.76 million during the quarter, compared to the consensus estimate of $9.45 million. On average, research analysts forecast that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Monday, April 14th will be given a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a yield of 2.36%. Immersion’s dividend payout ratio (DPR) is presently 6.47%.

Insiders Place Their Bets

In other Immersion news, Director Toro 18 Holdings Llc purchased 59,146 shares of Immersion stock in a transaction on Wednesday, March 12th. The stock was bought at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the transaction, the director now owns 11,065,848 shares of the company’s stock, valued at $93,949,049.52. The trade was a 0.54 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 5.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

IMMR has been the subject of a number of research analyst reports. BWS Financial reiterated a “buy” rating and issued a $13.50 price target on shares of Immersion in a report on Thursday, March 13th. Craig Hallum lowered their price objective on Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 13th.

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.