Silverleafe Capital Partners LLC Acquires New Position in Immersion Co. (NASDAQ:IMMR)

Silverleafe Capital Partners LLC bought a new position in Immersion Co. (NASDAQ:IMMR) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 24,215 shares of the software maker’s stock, valued at approximately $211,000.

A number of other large investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in Immersion by 10.2% during the second quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock worth $116,000 after buying an additional 1,139 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Immersion by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 50,670 shares of the software maker’s stock valued at $477,000 after acquiring an additional 1,322 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in shares of Immersion by 2.6% in the third quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker’s stock valued at $488,000 after purchasing an additional 1,411 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Immersion by 2.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock valued at $775,000 after purchasing an additional 2,416 shares during the last quarter. Finally, Quarry LP purchased a new stake in shares of Immersion in the 2nd quarter valued at approximately $26,000. 60.57% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Immersion Trading Down 2.9 %

Shares of NASDAQ:IMMR traded down $0.26 during midday trading on Monday, reaching $8.71. 502,587 shares of the company’s stock were exchanged, compared to its average volume of 651,919. The stock has a market cap of $281.12 million, a price-to-earnings ratio of 4.25 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. The firm’s 50 day simple moving average is $8.83 and its two-hundred day simple moving average is $9.45. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.55 and a quick ratio of 0.72.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, topping 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, sell-side analysts forecast that Immersion Co. will post 1.96 EPS for the current fiscal year.

Immersion Announces Dividend

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

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.