Los Angeles Capital Management LLC Grows Position in Immersion Co. (NASDAQ:IMMR)

Los Angeles Capital Management LLC raised its position in Immersion Co. (NASDAQ:IMMR) by 80.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 224,598 shares of the software maker’s stock after buying an additional 99,853 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.71% of Immersion worth $1,586,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of IMMR. LSV Asset Management raised its position in Immersion by 16.9% in the 3rd quarter. LSV Asset Management now owns 1,637,198 shares of the software maker’s stock valued at $10,822,000 after purchasing an additional 237,119 shares during the last quarter. Russell Investments Group Ltd. increased its position in Immersion by 15.9% in the 4th quarter. Russell Investments Group Ltd. now owns 235,045 shares of the software maker’s stock valued at $1,659,000 after acquiring an additional 32,323 shares during the period. O Shaughnessy Asset Management LLC lifted its position in Immersion by 36.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 185,771 shares of the software maker’s stock worth $1,228,000 after acquiring an additional 49,169 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in shares of Immersion by 130.1% in the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 103,077 shares of the software maker’s stock valued at $681,000 after purchasing an additional 58,273 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in shares of Immersion by 1.6% in the fourth quarter. SummerHaven Investment Management LLC now owns 101,922 shares of the software maker’s stock valued at $720,000 after purchasing an additional 1,605 shares during the period. 60.57% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

IMMR has been the subject of a number of analyst reports. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Friday, March 8th. BWS Financial restated a “buy” rating and issued a $11.00 price objective on shares of Immersion in a research report on Thursday, April 18th.

Immersion Stock Performance

Immersion stock opened at $7.37 on Wednesday. Immersion Co. has a one year low of $5.94 and a one year high of $8.62. The company has a market cap of $233.63 million, a P/E ratio of 7.16 and a beta of 1.46. The business has a fifty day moving average of $7.32 and a two-hundred day moving average of $6.97.

Immersion (NASDAQ:IMMR) last released its quarterly earnings data on Thursday, March 7th. The software maker reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.30. Immersion had a net margin of 100.17% and a return on equity of 19.75%. The firm had revenue of $10.38 million for the quarter, compared to the consensus estimate of $9.25 million. Sell-side analysts predict that Immersion Co. will post 1.14 EPS for the current year.

Immersion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Friday, April 12th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend was Thursday, April 11th. Immersion’s dividend payout ratio (DPR) is presently 17.48%.

Insider Buying and Selling

In other news, Director Elias Nader sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $8.22, for a total value of $106,860.00. Following the completion of the transaction, the director now owns 29,266 shares of the company’s stock, valued at $240,566.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 5.50% of the company’s stock.

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.