Immersion Co. (NASDAQ:IMMR) Shares Sold by Jump Financial LLC

Jump Financial LLC reduced its position in Immersion Co. (NASDAQ:IMMR) by 54.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,246 shares of the software maker’s stock after selling 44,102 shares during the period. Jump Financial LLC owned approximately 0.11% of Immersion worth $316,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of IMMR. Kanen Wealth Management LLC raised 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 valued at $5,238,000 after buying an additional 275,000 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Immersion in the fourth quarter worth $1,644,000. Segall Bryant & Hamill LLC raised its stake in shares of Immersion by 41.7% in the 4th quarter. Segall Bryant & Hamill LLC now owns 494,574 shares of the software maker’s stock valued at $4,318,000 after acquiring an additional 145,546 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Immersion by 16.8% during the 4th quarter. Bank of New York Mellon Corp now owns 358,240 shares of the software maker’s stock valued at $3,127,000 after acquiring an additional 51,655 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Immersion during the 4th quarter worth $327,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Insider Activity

In other news, Director Toro 18 Holdings Llc purchased 59,146 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $8.49 per share, for a total transaction of $502,149.54. Following the completion of the purchase, the director now owns 11,065,848 shares of the company’s stock, valued at approximately $93,949,049.52. This trade represents a 0.54 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Eric Singer acquired 42,638 shares of the business’s stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of $7.51 per share, for a total transaction of $320,211.38. Following the purchase, the chief executive officer now directly owns 2,161,866 shares of the company’s stock, valued at $16,235,613.66. This represents a 2.01 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders acquired 128,934 shares of company stock worth $1,027,343. 5.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Craig Hallum cut their price objective on Immersion from $14.00 to $11.00 and set a “buy” rating on the stock 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 Price Performance

Shares of IMMR stock opened at $7.41 on Friday. Immersion Co. has a twelve month low of $6.47 and a twelve month high of $13.94. The company has a market capitalization of $240.05 million, a PE ratio of 2.65 and a beta of 1.50. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $7.55 and a 200-day simple moving average of $8.28.

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

Immersion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, April 14th. Immersion’s payout ratio is 6.47%.

About Immersion

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.