Immersion Co. (NASDAQ:IMMR) Shares Purchased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC raised its stake in Immersion Co. (NASDAQ:IMMR) by 288.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,142 shares of the software maker’s stock after purchasing an additional 3,076 shares during the period. Tower Research Capital LLC TRC’s holdings in Immersion were worth $29,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of IMMR. Quantbot Technologies LP acquired a new position in shares of Immersion during the 3rd quarter worth $41,000. SG Americas Securities LLC acquired a new stake in Immersion during the 3rd quarter worth approximately $93,000. Brandywine Global Investment Management LLC purchased a new position in shares of Immersion in the 3rd quarter valued at $98,000. Teza Capital Management LLC acquired a new stake in Immersion during the 3rd quarter valued at $142,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in Immersion by 20.7% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 22,109 shares of the software maker’s stock valued at $146,000 after purchasing an additional 3,790 shares in the last quarter. 60.57% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Elias Nader sold 13,000 shares of Immersion stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $8.22, for a total transaction of $106,860.00. Following the transaction, the director now owns 29,266 shares of the company’s stock, valued at approximately $240,566.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 5.50% of the company’s stock.

Immersion Stock Performance

Shares of NASDAQ:IMMR traded down $0.04 during trading on Friday, hitting $7.22. 237,178 shares of the stock were exchanged, compared to its average volume of 309,288. Immersion Co. has a 1-year low of $5.94 and a 1-year high of $8.62. The company has a market capitalization of $228.87 million, a price-to-earnings ratio of 7.01 and a beta of 1.46. The company’s fifty day simple moving average is $7.30 and its 200-day simple moving average is $6.96.

Immersion (NASDAQ:IMMR) last posted its earnings results on Thursday, March 7th. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.19 by $0.30. The business had revenue of $10.38 million during the quarter, compared to the consensus estimate of $9.25 million. Immersion had a return on equity of 19.75% and a net margin of 100.17%. On average, research analysts forecast that Immersion Co. will post 1.14 earnings per share for the current fiscal year.

Immersion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a $0.045 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.18 annualized dividend and a dividend yield of 2.49%. Immersion’s dividend payout ratio (DPR) is currently 17.48%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on IMMR shares. BWS Financial reissued a “buy” rating and set a $11.00 target price on shares of Immersion in a report on Thursday, April 18th. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Friday, March 8th.

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.