SG Americas Securities LLC Boosts Stake in Immersion Co. (NASDAQ:IMMR)

SG Americas Securities LLC lifted its holdings in Immersion Co. (NASDAQ:IMMR) by 58.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,239 shares of the software maker’s stock after buying an additional 8,194 shares during the period. SG Americas Securities LLC’s holdings in Immersion were worth $157,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its position in Immersion by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 179,484 shares of the software maker’s stock worth $985,000 after purchasing an additional 1,946 shares during the last quarter. Rhumbline Advisers increased its position in Immersion by 4.7% during the third quarter. Rhumbline Advisers now owns 50,017 shares of the software maker’s stock worth $331,000 after purchasing an additional 2,232 shares during the last quarter. First Trust Advisors LP increased its position in Immersion by 4.4% during the first quarter. First Trust Advisors LP now owns 86,016 shares of the software maker’s stock worth $769,000 after purchasing an additional 3,597 shares during the last quarter. Stansberry Asset Management LLC increased its position in Immersion by 2.4% during the fourth quarter. Stansberry Asset Management LLC now owns 162,576 shares of the software maker’s stock worth $1,143,000 after purchasing an additional 3,748 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Immersion by 20.7% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 22,109 shares of the software maker’s stock worth $146,000 after purchasing an additional 3,790 shares during the last quarter. 60.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Elias Nader sold 13,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $8.22, for a total value of $106,860.00. Following the sale, the director now directly owns 29,266 shares of the company’s stock, valued at approximately $240,566.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.50% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Friday, March 8th.

Immersion Trading Down 0.8 %

Immersion stock opened at $7.14 on Tuesday. Immersion Co. has a 12-month low of $5.94 and a 12-month high of $8.62. The stock has a market cap of $226.34 million, a P/E ratio of 6.93 and a beta of 1.49. The company has a 50-day moving average price of $7.26 and a 200 day moving average price of $6.91.

Immersion (NASDAQ:IMMR) last released its quarterly earnings results on Thursday, March 7th. The software maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.30. The business had revenue of $10.38 million for the quarter, compared to the consensus estimate of $9.25 million. Immersion had a net margin of 100.17% and a return on equity of 19.75%. As a group, analysts forecast that Immersion Co. will post 1.11 EPS for the current year.

Immersion Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 12th will be paid a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date is Thursday, April 11th. Immersion’s dividend payout ratio (DPR) is 17.48%.

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.