Immersion Co. (NASDAQ:IMMR) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. decreased its stake in Immersion Co. (NASDAQ:IMMR) by 2.1% in the 4th quarter, Holdings Channel reports. The firm owned 185,739 shares of the software maker’s stock after selling 4,001 shares during the quarter. Ameriprise Financial Inc.’s holdings in Immersion were worth $1,622,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IMMR. Northern Trust Corp raised its holdings in shares of Immersion by 2.1% in the fourth quarter. Northern Trust Corp now owns 296,590 shares of the software maker’s stock worth $2,589,000 after acquiring an additional 6,239 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in Immersion during the 4th quarter worth about $700,000. Quarry LP acquired a new position in Immersion in the 4th quarter valued at about $54,000. Price T Rowe Associates Inc. MD lifted its holdings in Immersion by 5.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 32,443 shares of the software maker’s stock valued at $284,000 after purchasing an additional 1,604 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Immersion in the 4th quarter valued at about $132,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

Immersion Stock Down 0.8%

Shares of NASDAQ:IMMR opened at $7.55 on Friday. The stock has a 50-day simple moving average of $7.31 and a 200-day simple moving average of $8.09. The stock has a market capitalization of $244.59 million, a P/E ratio of 2.70 and a beta of 1.40. Immersion Co. has a 1 year low of $6.47 and a 1 year high of $13.94. 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 (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. The company had revenue of $474.76 million for the quarter, compared to analysts’ expectations of $9.45 million. Immersion had a return on equity of 28.08% and a net margin of 11.79%. Equities analysts forecast that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Monday, April 14th were paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a yield of 2.38%. The ex-dividend date was Monday, April 14th. Immersion’s dividend payout ratio (DPR) is 6.47%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. BWS Financial reissued a “buy” rating and issued a $13.50 price objective on shares of Immersion in a research report on Thursday, March 13th. Wall Street Zen upgraded Immersion from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, Craig Hallum decreased their price objective on Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 13th.

Insider Buying and Selling

In related news, Director Toro 18 Holdings Llc acquired 59,146 shares of Immersion stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $8.49 per share, for a total transaction of $502,149.54. Following the purchase, the director now directly 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider William C. Martin purchased 27,150 shares of Immersion stock in a transaction dated Thursday, March 20th. The shares were bought at an average cost of $7.55 per share, for a total transaction of $204,982.50. Following the transaction, the insider now directly owns 1,450,693 shares of the company’s stock, 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. Insiders have bought 128,934 shares of company stock valued at $1,027,343 in the last quarter. Company 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.