Geode Capital Management LLC Has $6.59 Million Stock Position in Immersion Co. (NASDAQ:IMMR)

Geode Capital Management LLC increased its position in Immersion Co. (NASDAQ:IMMR) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 738,295 shares of the software maker’s stock after buying an additional 20,982 shares during the period. Geode Capital Management LLC’s holdings in Immersion were worth $6,587,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Quarry LP bought a new position in Immersion in the second quarter worth approximately $26,000. Copeland Capital Management LLC acquired a new position in shares of Immersion during the third quarter worth approximately $59,000. Quantbot Technologies LP bought a new position in shares of Immersion in the 3rd quarter worth $78,000. Caprock Group LLC acquired a new stake in Immersion in the 2nd quarter valued at $107,000. Finally, Magnetar Financial LLC bought a new stake in Immersion during the 2nd quarter valued at $113,000. 60.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, BWS Financial restated a “buy” rating and set a $13.50 price objective on shares of Immersion in a report on Wednesday, December 18th.

Immersion Price Performance

Shares of NASDAQ IMMR opened at $8.97 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55. The firm’s 50-day simple moving average is $8.83 and its 200 day simple moving average is $9.47. The stock has a market cap of $289.52 million, a price-to-earnings ratio of 4.38 and a beta of 1.50. Immersion Co. has a fifty-two week low of $6.54 and a fifty-two week high of $13.94.

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

Immersion Announces Dividend

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

Immersion 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.