Immersion Co. (NASDAQ:IMMR) Stock Position Raised by Barclays PLC

Barclays PLC boosted its position in shares of Immersion Co. (NASDAQ:IMMR) by 276.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 39,579 shares of the software maker’s stock after buying an additional 29,054 shares during the quarter. Barclays PLC’s holdings in Immersion were worth $353,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State Street Corp lifted its position in shares of Immersion by 1.0% in the third quarter. State Street Corp now owns 681,414 shares of the software maker’s stock worth $6,078,000 after purchasing an additional 6,990 shares in the last quarter. American Century Companies Inc. lifted its position in Immersion by 5.6% in the 2nd quarter. American Century Companies Inc. now owns 588,995 shares of the software maker’s stock worth $5,542,000 after buying an additional 31,110 shares in the last quarter. Renaissance Technologies LLC lifted its position in Immersion by 43.3% in the 2nd quarter. Renaissance Technologies LLC now owns 498,213 shares of the software maker’s stock worth $4,688,000 after buying an additional 150,513 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Immersion by 8.3% during the 3rd quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock valued at $3,617,000 after buying an additional 31,063 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in shares of Immersion during the 2nd quarter valued at $3,375,000. 60.57% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Immersion Price Performance

NASDAQ IMMR opened at $8.97 on Friday. The company has a 50 day moving average price of $8.83 and a two-hundred day moving average price of $9.46. Immersion Co. has a 12-month low of $6.54 and a 12-month high of $13.94. The stock has a market capitalization of $289.52 million, a PE ratio of 4.38 and a beta of 1.50. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44.

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

Immersion Dividend Announcement

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

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.