Hussman Strategic Advisors Inc. Sells 40,000 Shares of Immersion Co. (NASDAQ:IMMR)

Hussman Strategic Advisors Inc. reduced its position in Immersion Co. (NASDAQ:IMMRFree Report) by 32.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,000 shares of the software maker’s stock after selling 40,000 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in Immersion were worth $593,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC boosted its holdings in Immersion by 58.3% in the 4th quarter. SG Americas Securities LLC now owns 22,239 shares of the software maker’s stock worth $157,000 after buying an additional 8,194 shares during the period. Vanguard Group Inc. boosted its stake in shares of Immersion by 8.0% in the third quarter. Vanguard Group Inc. now owns 1,797,947 shares of the software maker’s stock worth $11,884,000 after acquiring an additional 133,099 shares during the period. American Century Companies Inc. boosted its stake in shares of Immersion by 9.4% in the third quarter. American Century Companies Inc. now owns 413,975 shares of the software maker’s stock worth $2,736,000 after acquiring an additional 35,732 shares during the period. Deutsche Bank AG purchased a new stake in shares of Immersion during the third quarter worth about $72,000. Finally, Royal Bank of Canada raised its stake in Immersion by 10.6% during the 3rd quarter. Royal Bank of Canada now owns 49,434 shares of the software maker’s stock valued at $326,000 after purchasing an additional 4,731 shares during the period. 60.57% of the stock is owned by hedge funds and other institutional investors.

Immersion Stock Up 1.0 %

Shares of Immersion stock opened at $7.17 on Monday. Immersion Co. has a twelve month low of $5.94 and a twelve month high of $8.62. The business has a 50-day moving average price of $7.28 and a 200-day moving average price of $6.93. The firm has a market cap of $227.29 million, a price-to-earnings ratio of 6.96 and a beta of 1.49.

Immersion (NASDAQ:IMMRGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.30. Immersion had a return on equity of 19.75% and a net margin of 100.17%. The company had revenue of $10.38 million during the quarter, compared to analyst estimates of $9.25 million. On average, equities analysts expect that Immersion Co. will post 1.11 EPS for the current fiscal year.

Immersion Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Friday, April 12th were issued a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.51%. 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 Immersion news, Director Elias Nader sold 13,000 shares of the stock in a transaction 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 completion of the transaction, the director now owns 29,266 shares in the company, valued at $240,566.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. StockNews.com upgraded Immersion from a “hold” rating to a “buy” rating in a research note on Friday, March 8th. BWS Financial restated a “buy” rating and set a $11.00 target price on shares of Immersion in a research report on Thursday.

Get Our Latest Stock Report on IMMR

Immersion Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Immersion (NASDAQ:IMMR)

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