85,127 Shares in Immersion Corporation $IMMR Acquired by Nuveen LLC

Nuveen LLC acquired a new position in Immersion Corporation (NASDAQ:IMMR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,127 shares of the software maker’s stock, valued at approximately $645,000. Nuveen LLC owned approximately 0.26% of Immersion at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in shares of Immersion by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,443 shares of the software maker’s stock valued at $284,000 after acquiring an additional 1,604 shares during the period. Bank of New York Mellon Corp raised its stake in Immersion by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 359,868 shares of the software maker’s stock worth $2,728,000 after acquiring an additional 1,628 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in Immersion by 2.3% in the first quarter. SummerHaven Investment Management LLC now owns 77,719 shares of the software maker’s stock valued at $589,000 after buying an additional 1,718 shares in the last quarter. ProShare Advisors LLC increased its holdings in Immersion by 8.5% during the 4th quarter. ProShare Advisors LLC now owns 26,318 shares of the software maker’s stock valued at $230,000 after purchasing an additional 2,064 shares in the last quarter. Finally, FNY Investment Advisers LLC lifted its position in Immersion by 12.8% during the 1st quarter. FNY Investment Advisers LLC now owns 22,000 shares of the software maker’s stock worth $166,000 after buying an additional 2,492 shares in the last quarter. 60.57% of the stock is owned by institutional investors.

Immersion Stock Performance

Shares of NASDAQ IMMR opened at $7.01 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.72. The stock has a 50 day moving average price of $7.34 and a 200 day moving average price of $7.49. The stock has a market capitalization of $227.12 million, a PE ratio of 2.52 and a beta of 1.25. Immersion Corporation has a 52 week low of $6.47 and a 52 week high of $10.72.

Immersion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Wednesday, July 23rd were paid a $0.045 dividend. The ex-dividend date was Wednesday, July 23rd. This represents a $0.18 dividend on an annualized basis and a yield of 2.6%. Immersion’s dividend payout ratio (DPR) is currently 6.47%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Immersion from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $12.25.

Insider Buying and Selling at Immersion

In related news, CFO J Michael Dodson sold 5,921 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $7.53, for a total value of $44,585.13. Following the sale, the chief financial officer owned 39,132 shares in the company, valued at approximately $294,663.96. This represents a 13.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.50% of the company’s stock.

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.