SG Americas Securities LLC Sells 2,626 Shares of Immersion Co. (NASDAQ:IMMR)

SG Americas Securities LLC reduced its holdings in shares of Immersion Co. (NASDAQ:IMMR) by 14.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,577 shares of the software maker’s stock after selling 2,626 shares during the quarter. SG Americas Securities LLC’s holdings in Immersion were worth $136,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Copeland Capital Management LLC purchased a new stake in shares of Immersion in the 3rd quarter worth $59,000. Quantbot Technologies LP acquired a new position in Immersion during the 3rd quarter valued at approximately $78,000. The Manufacturers Life Insurance Company lifted its position in Immersion by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock worth $116,000 after acquiring an additional 1,139 shares during the period. Hennessy Advisors Inc. purchased a new stake in Immersion in the fourth quarter valued at approximately $128,000. Finally, Philip James Wealth Mangement LLC purchased a new position in shares of Immersion during the third quarter worth $164,000. 60.57% of the stock is currently owned by institutional investors.

Immersion Stock Up 1.1 %

IMMR opened at $8.39 on Tuesday. Immersion Co. has a twelve month low of $6.54 and a twelve month high of $13.94. The company has a 50-day moving average price of $8.75 and a 200 day moving average price of $9.03. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The company has a market cap of $270.83 million, a PE ratio of 3.00 and a beta of 1.50.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a net margin of 11.79% and a return on equity of 28.08%. Sell-side analysts expect that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, BWS Financial reaffirmed a “buy” rating and set a $13.50 price objective on shares of Immersion in a research note on Wednesday, February 5th.

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.