Hanseatic Management Services Inc. Grows Position in Immersion Co. (NASDAQ:IMMR)

Hanseatic Management Services Inc. boosted its stake in shares of Immersion Co. (NASDAQ:IMMR) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,679 shares of the software maker’s stock after purchasing an additional 1,411 shares during the period. Hanseatic Management Services Inc. owned approximately 0.17% of Immersion worth $488,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in Immersion by 41.4% during the first quarter. BNP Paribas Financial Markets now owns 71,119 shares of the software maker’s stock worth $532,000 after acquiring an additional 20,811 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Immersion by 2.1% in the first quarter. Russell Investments Group Ltd. now owns 240,023 shares of the software maker’s stock worth $1,795,000 after buying an additional 4,978 shares during the period. Vanguard Group Inc. grew its stake in shares of Immersion by 0.9% in the first quarter. Vanguard Group Inc. now owns 1,892,282 shares of the software maker’s stock valued at $14,154,000 after buying an additional 16,287 shares in the last quarter. EntryPoint Capital LLC acquired a new position in Immersion during the 1st quarter worth approximately $158,000. Finally, Quadrature Capital Ltd acquired a new stake in Immersion in the first quarter valued at approximately $250,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

Insider Buying and Selling

In other news, CEO Eric Singer purchased 50,000 shares of the company’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $8.77 per share, for a total transaction of $438,500.00. Following the completion of the purchase, the chief executive officer now owns 1,912,867 shares of the company’s stock, valued at $16,775,843.59. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider William C. Martin acquired 15,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of $8.81 per share, for a total transaction of $132,150.00. Following the completion of the purchase, the insider now directly owns 1,364,265 shares of the company’s stock, valued at $12,019,174.65. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Eric Singer bought 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 27th. The shares were purchased at an average cost of $8.77 per share, for a total transaction of $438,500.00. Following the acquisition, the chief executive officer now owns 1,912,867 shares of the company’s stock, valued at $16,775,843.59. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 66,155 shares of company stock valued at $580,675 in the last quarter. Company insiders own 5.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. BWS Financial increased their price target on Immersion from $11.00 to $13.50 and gave the company a “buy” rating in a report on Monday, August 26th.

Immersion Stock Performance

Immersion stock opened at $8.47 on Thursday. Immersion Co. has a 12 month low of $5.94 and a 12 month high of $13.94. The company has a fifty day moving average price of $8.68 and a two-hundred day moving average price of $9.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.72. The company has a market cap of $272.56 million, a PE ratio of 4.13 and a beta of 1.48.

Immersion (NASDAQ:IMMR) last issued its earnings results on Monday, August 19th. The software maker reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.55. The company had revenue of $99.42 million during the quarter, compared to the consensus estimate of $7.29 million. Immersion had a return on equity of 27.05% and a net margin of 40.62%. Research analysts expect that Immersion Co. will post 1.96 earnings per share for the current year.

Immersion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, October 4th were issued a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.13%. The ex-dividend date was Friday, October 4th. Immersion’s dividend payout ratio (DPR) is 8.78%.

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.