Immersion’s (IMMR) “Buy” Rating Reiterated at BWS Financial

BWS Financial reissued their buy rating on shares of Immersion (NASDAQ:IMMR) in a research report sent to investors on Wednesday,Benzinga reports. BWS Financial currently has a $13.50 price target on the software maker’s stock.

Separately, StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

Immersion Stock Up 1.7 %

Shares of IMMR opened at $9.09 on Wednesday. The company’s 50-day simple moving average is $8.74 and its 200-day simple moving average is $9.57. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55. Immersion has a 1 year low of $6.54 and a 1 year high of $13.94. The stock has a market capitalization of $293.39 million, a PE ratio of 4.43 and a beta of 1.51.

Immersion (NASDAQ:IMMR) last released its earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a net margin of 40.62% and a return on equity of 27.05%. Analysts forecast that Immersion will post 1.96 earnings per share for the current fiscal year.

Immersion Announces Dividend

The company also recently disclosed a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be issued a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion’s payout ratio is 6.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC acquired a new position in shares of Immersion in the 2nd quarter valued at $3,375,000. Segall Bryant & Hamill LLC acquired a new position in Immersion in the third quarter valued at $3,113,000. ClariVest Asset Management LLC purchased a new position in shares of Immersion during the second quarter worth about $1,571,000. Renaissance Technologies LLC increased its position in shares of Immersion by 43.3% during the second quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock worth $4,688,000 after purchasing an additional 150,513 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its holdings in shares of Immersion by 151.3% in the 2nd quarter. Los Angeles Capital Management LLC now owns 209,675 shares of the software maker’s stock valued at $1,973,000 after purchasing an additional 126,247 shares during the last quarter. 60.57% of the stock is owned by institutional investors and hedge funds.

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.