Greenwood Capital Associates LLC Has $962,000 Position in Immersion Co. (NASDAQ:IMMR)

Greenwood Capital Associates LLC lessened its holdings in shares of Immersion Co. (NASDAQ:IMMR) by 3.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 110,179 shares of the software maker’s stock after selling 3,797 shares during the period. Greenwood Capital Associates LLC owned 0.34% of Immersion worth $962,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP acquired a new stake in shares of Immersion during the second quarter worth $26,000. Copeland Capital Management LLC acquired a new position in shares of Immersion during the 3rd quarter worth about $59,000. Quantbot Technologies LP bought a new stake in shares of Immersion in the 3rd quarter valued at about $78,000. The Manufacturers Life Insurance Company raised its position in shares of Immersion by 10.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock valued at $116,000 after acquiring an additional 1,139 shares during the period. Finally, Hennessy Advisors Inc. bought a new position in Immersion during the 4th quarter worth approximately $128,000. Institutional investors own 60.57% of the company’s stock.

Analyst Ratings Changes

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

Immersion Stock Up 1.5 %

NASDAQ:IMMR opened at $8.29 on Wednesday. Immersion Co. has a 1 year low of $6.54 and a 1 year high of $13.94. The stock has a 50-day moving average price of $8.79 and a two-hundred day moving average price of $9.17. The stock has a market cap of $267.60 million, a price-to-earnings ratio of 2.96 and a beta of 1.50. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

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

Immersion Announces Dividend

The business also recently announced a None dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 10th were paid a $0.245 dividend. The ex-dividend date was Friday, January 10th. Immersion’s payout ratio is presently 6.43%.

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.