Immersion Co. (NASDAQ:IMMR) Shares Sold by AQR Capital Management LLC

AQR Capital Management LLC lessened its holdings in shares of Immersion Co. (NASDAQ:IMMR) by 19.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 661,427 shares of the software maker’s stock after selling 157,060 shares during the period. AQR Capital Management LLC owned 2.08% of Immersion worth $6,224,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the business. CWM LLC lifted its position in Immersion by 160.3% in the second quarter. CWM LLC now owns 6,487 shares of the software maker’s stock valued at $61,000 after acquiring an additional 3,995 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Immersion in the 1st quarter valued at about $72,000. Caprock Group LLC acquired a new stake in shares of Immersion in the 2nd quarter valued at about $107,000. Magnetar Financial LLC acquired a new stake in shares of Immersion in the 2nd quarter valued at about $113,000. Finally, EMC Capital Management purchased a new position in Immersion during the 1st quarter worth approximately $120,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com raised Immersion from a “hold” rating to a “buy” rating in a report on Thursday, August 29th. BWS Financial upped their price target 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.

Insider Transactions at Immersion

In other news, CEO Eric Singer purchased 50,000 shares of the company’s stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average cost of $8.77 per share, for a total transaction of $438,500.00. Following the completion of the purchase, the chief executive officer now directly owns 1,912,867 shares in the company, valued at $16,775,843.59. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Immersion news, insider William C. Martin acquired 15,000 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was purchased at an average price of $8.81 per share, for a total transaction of $132,150.00. Following the completion of the transaction, the insider now owns 1,364,265 shares of the company’s stock, valued at $12,019,174.65. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric Singer bought 50,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of $8.77 per share, for a total transaction of $438,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,912,867 shares in the company, valued at approximately $16,775,843.59. This represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders bought 66,155 shares of company stock worth $580,675. Company insiders own 5.50% of the company’s stock.

Immersion Stock Performance

Shares of IMMR stock opened at $8.84 on Friday. The stock’s 50-day moving average price is $9.69 and its 200 day moving average price is $9.29. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $281.60 million, a PE ratio of 6.48 and a beta of 1.48. Immersion Co. has a 52-week low of $5.94 and a 52-week high of $13.94.

Immersion (NASDAQ:IMMR) last announced its earnings results on Monday, August 19th. The software maker reported $0.89 earnings per share 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 company had revenue of $99.42 million for the quarter, compared to the consensus estimate of $7.29 million. As a group, equities research analysts forecast that Immersion Co. will post 1.96 EPS for the current year.

Immersion Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, October 4th will be given a dividend of $0.045 per share. The ex-dividend date is Friday, October 4th. This represents a $0.18 dividend on an annualized basis and a yield of 2.04%. Immersion’s payout ratio is currently 13.14%.

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.