Segall Bryant & Hamill LLC Invests $3.11 Million in Immersion Co. (NASDAQ:IMMR)

Segall Bryant & Hamill LLC purchased a new position in shares of Immersion Co. (NASDAQ:IMMR) in the 3rd quarter, Holdings Channel reports. The firm purchased 349,028 shares of the software maker’s stock, valued at approximately $3,113,000.

Several other hedge funds also recently made changes to their positions in IMMR. Quarry LP bought a new position in shares of Immersion during the 2nd quarter worth approximately $26,000. Copeland Capital Management LLC bought a new position in shares of Immersion during the 3rd quarter worth approximately $59,000. CWM LLC grew its stake in shares of Immersion by 160.3% during the 2nd quarter. CWM LLC now owns 6,487 shares of the software maker’s stock worth $61,000 after acquiring an additional 3,995 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Immersion during the 1st quarter worth approximately $72,000. Finally, Caprock Group LLC bought a new position in shares of Immersion during the 2nd quarter worth approximately $107,000. 60.57% of the stock is owned by institutional investors.

Insider Buying and Selling at Immersion

In other Immersion news, insider William C. Martin purchased 15,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average price of $8.81 per share, with a total value of $132,150.00. Following the acquisition, the insider now directly owns 1,364,265 shares of the company’s stock, valued at $12,019,174.65. This trade represents a 1.11 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Eric Singer bought 50,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were purchased at an average cost of $8.77 per share, with a total value of $438,500.00. Following the acquisition, the chief executive officer now directly owns 1,912,867 shares of the company’s stock, valued at approximately $16,775,843.59. This represents a 2.68 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 66,155 shares of company stock valued at $580,675 in the last quarter. 5.50% of the stock is currently owned by insiders.

Immersion Price Performance

NASDAQ:IMMR opened at $8.88 on Friday. Immersion Co. has a 1-year low of $6.33 and a 1-year high of $13.94. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44. The firm has a fifty day simple moving average of $8.60 and a 200 day simple moving average of $9.59. The stock has a market capitalization of $286.65 million, a PE ratio of 4.33 and a beta of 1.48.

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

Immersion Dividend Announcement

The firm also recently declared a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be issued a dividend of $0.245 per share. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio is 8.78%.

Analyst Ratings Changes

IMMR has been the subject of several analyst reports. BWS Financial raised their target price on shares of Immersion from $11.00 to $13.50 and gave the company a “buy” rating in a research note on Monday, August 26th. StockNews.com raised shares of Immersion from a “hold” rating to a “buy” rating in a research note on Thursday, August 29th.

Immersion Company Profile

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.