XTX Topco Ltd Buys New Shares in Immersion Co. (NASDAQ:IMMR)

XTX Topco Ltd purchased a new position in Immersion Co. (NASDAQ:IMMR) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 15,077 shares of the software maker’s stock, valued at approximately $132,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of Immersion by 18.6% in the fourth quarter. Barclays PLC now owns 46,958 shares of the software maker’s stock worth $410,000 after acquiring an additional 7,379 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Immersion in the 4th quarter valued at $1,644,000. Legal & General Group Plc grew its stake in shares of Immersion by 44.2% during the 4th quarter. Legal & General Group Plc now owns 7,910 shares of the software maker’s stock valued at $69,000 after buying an additional 2,425 shares during the period. Wells Fargo & Company MN grew its stake in shares of Immersion by 39.6% during the 4th quarter. Wells Fargo & Company MN now owns 23,210 shares of the software maker’s stock valued at $203,000 after buying an additional 6,586 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Immersion by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 755,713 shares of the software maker’s stock worth $6,599,000 after buying an additional 17,418 shares during the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Immersion Price Performance

IMMR stock opened at $7.27 on Wednesday. The firm has a market cap of $235.52 million, a P/E ratio of 2.60 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. Immersion Co. has a 1 year low of $6.47 and a 1 year high of $13.94. The stock has a 50-day simple moving average of $7.49 and a 200-day simple moving average of $8.27.

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

Immersion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a $0.045 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a yield of 2.48%. Immersion’s payout ratio is currently 6.47%.

Insider Transactions at Immersion

In other Immersion news, Director Toro 18 Holdings Llc acquired 59,146 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $8.49 per share, for a total transaction of $502,149.54. Following the acquisition, the director now directly owns 11,065,848 shares of the company’s stock, valued at $93,949,049.52. This trade represents a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William C. Martin bought 27,150 shares of Immersion stock in a transaction dated Thursday, March 20th. The shares were acquired at an average price of $7.55 per share, with a total value of $204,982.50. Following the completion of the purchase, the insider now owns 1,450,693 shares in the company, valued at approximately $10,952,732.15. The trade was a 1.91 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 128,934 shares of company stock valued at $1,027,343. 5.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.