Segall Bryant & Hamill LLC Sells 40,478 Shares of Immersion Corporation $IMMR

Segall Bryant & Hamill LLC lessened its holdings in Immersion Corporation (NASDAQ:IMMR) by 8.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 441,514 shares of the software maker’s stock after selling 40,478 shares during the period. Segall Bryant & Hamill LLC owned approximately 1.36% of Immersion worth $3,479,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of Immersion by 0.5% in the 1st quarter. Bank of New York Mellon Corp now owns 359,868 shares of the software maker’s stock worth $2,728,000 after buying an additional 1,628 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of Immersion by 47.4% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 17,754 shares of the software maker’s stock valued at $135,000 after buying an additional 5,712 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Immersion in the 1st quarter valued at about $167,000. Arkadios Wealth Advisors purchased a new position in Immersion in the first quarter worth about $304,000. Finally, Nuveen LLC purchased a new position in Immersion in the first quarter worth about $645,000. Institutional investors own 60.57% of the company’s stock.

Immersion Stock Performance

Immersion stock opened at $6.14 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.72 and a quick ratio of 1.04. The firm has a market capitalization of $198.91 million, a P/E ratio of 2.21 and a beta of 1.12. Immersion Corporation has a 1-year low of $5.65 and a 1-year high of $10.72. The company’s 50-day moving average is $6.87 and its 200 day moving average is $7.22.

Immersion Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 20th were paid a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, October 20th. Immersion’s dividend payout ratio (DPR) is currently 6.47%.

Analyst Upgrades and Downgrades

IMMR has been the topic of a number of recent research reports. BWS Financial restated a “buy” rating and set a $13.50 price objective on shares of Immersion in a research report on Wednesday, October 15th. Weiss Ratings restated a “hold (c)” rating on shares of Immersion in a report on Friday, October 31st. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.25.

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.