Immersion Co. (NASDAQ:IMMR) Stock Holdings Lowered by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC lowered its position in shares of Immersion Co. (NASDAQ:IMMR) by 5.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 64,274 shares of the software maker’s stock after selling 3,381 shares during the period. Koss Olinger Consulting LLC owned 0.20% of Immersion worth $561,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Geode Capital Management LLC grew its position in shares of Immersion by 2.9% during the third quarter. Geode Capital Management LLC now owns 738,295 shares of the software maker’s stock worth $6,587,000 after acquiring an additional 20,982 shares during the last quarter. State Street Corp grew its position in shares of Immersion by 1.0% during the third quarter. State Street Corp now owns 681,414 shares of the software maker’s stock worth $6,078,000 after acquiring an additional 6,990 shares during the last quarter. Kanen Wealth Management LLC lifted its holdings in Immersion by 84.6% in the fourth quarter. Kanen Wealth Management LLC now owns 600,000 shares of the software maker’s stock worth $5,238,000 after purchasing an additional 275,000 shares during the period. Victory Capital Management Inc. lifted its holdings in Immersion by 8.3% in the third quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock worth $3,617,000 after purchasing an additional 31,063 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Immersion by 16.8% in the fourth quarter. Bank of New York Mellon Corp now owns 358,240 shares of the software maker’s stock worth $3,127,000 after purchasing an additional 51,655 shares during the period. Institutional investors own 60.57% of the company’s stock.

Immersion Stock Performance

IMMR stock opened at $7.58 on Wednesday. Immersion Co. has a fifty-two week low of $7.06 and a fifty-two week high of $13.94. 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 has a market capitalization of $245.56 million, a P/E ratio of 2.71 and a beta of 1.55. The company has a 50-day simple moving average of $8.27 and a 200 day simple moving average of $8.59.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.33. Immersion had a net margin of 11.79% and a return on equity of 28.08%. The company had revenue of $474.76 million during the quarter, compared to the consensus estimate of $9.45 million. Sell-side analysts predict that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

Immersion Dividend Announcement

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 issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, April 14th. Immersion’s payout ratio is 6.47%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. BWS Financial reaffirmed a “buy” rating and issued a $13.50 price objective on shares of Immersion in a report on Thursday, March 13th. Craig Hallum reduced their price objective 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.

Insider Buying and Selling at Immersion

In related news, Director Toro 18 Holdings Llc acquired 59,146 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the acquisition, the director now owns 11,065,848 shares in the company, valued at approximately $93,949,049.52. This represents a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.50% of the stock is owned by corporate insiders.

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.