Quantbot Technologies LP Purchases New Holdings in Immersion Co. (NASDAQ:IMMR)

Quantbot Technologies LP acquired a new position in Immersion Co. (NASDAQ:IMMR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,755 shares of the software maker’s stock, valued at approximately $78,000.

Several other large investors have also modified their holdings of IMMR. Quarry LP purchased a new stake in shares of Immersion in the second quarter worth approximately $26,000. Copeland Capital Management LLC purchased a new stake in Immersion in the third quarter worth $59,000. CWM LLC lifted its position in shares of Immersion by 160.3% during the second quarter. CWM LLC now owns 6,487 shares of the software maker’s stock worth $61,000 after purchasing an additional 3,995 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Immersion during the second quarter valued at $107,000. Finally, Magnetar Financial LLC bought a new position in shares of Immersion in the second quarter worth about $113,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Analyst Upgrades and Downgrades

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

Immersion Stock Performance

Shares of Immersion stock opened at $8.65 on Friday. Immersion Co. has a 12 month low of $6.45 and a 12 month high of $13.94. The stock’s fifty day moving average price is $8.64 and its 200-day moving average price is $9.61. The firm has a market cap of $279.22 million, a P/E ratio of 4.22 and a beta of 1.51. The company has a current ratio of 1.55, a quick ratio of 0.72 and a debt-to-equity ratio of 0.44.

Immersion Dividend Announcement

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

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.