67,597 Shares in Immersion Corporation $IMMR Bought by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in shares of Immersion Corporation (NASDAQ:IMMR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 67,597 shares of the software maker’s stock, valued at approximately $458,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IMMR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Immersion by 253.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,485 shares of the software maker’s stock worth $466,000 after acquiring an additional 44,112 shares during the period. XTX Topco Ltd acquired a new stake in shares of Immersion during the 2nd quarter valued at about $80,000. Quantbot Technologies LP grew its position in shares of Immersion by 212.3% during the 2nd quarter. Quantbot Technologies LP now owns 45,162 shares of the software maker’s stock valued at $356,000 after acquiring an additional 30,703 shares during the period. Invesco Ltd. increased its stake in shares of Immersion by 16.2% in the 2nd quarter. Invesco Ltd. now owns 20,682 shares of the software maker’s stock valued at $163,000 after purchasing an additional 2,886 shares in the last quarter. Finally, Jump Financial LLC increased its stake in shares of Immersion by 439.8% in the 2nd quarter. Jump Financial LLC now owns 126,637 shares of the software maker’s stock valued at $998,000 after purchasing an additional 103,176 shares in the last quarter. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Zacks Research upgraded Immersion to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings lowered Immersion from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. BWS Financial reissued a “buy” rating and issued a $13.50 price target on shares of Immersion in a research note on Tuesday, July 28th. Finally, Wall Street Zen raised shares of Immersion from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.50.

Insider Transactions at Immersion

In other Immersion news, major shareholder Toro 18 Holdings Llc sold 8,300 shares of Immersion stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $4.83, for a total transaction of $40,089.00. Following the sale, the insider owned 1,277,751 shares of the company’s stock, valued at $6,171,537.33. The trade was a 0.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 266,896 shares of company stock worth $1,387,218. Insiders own 12.00% of the company’s stock.

Immersion Price Performance

Shares of Immersion stock opened at $7.69 on Thursday. The business has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $6.50. Immersion Corporation has a 12 month low of $5.25 and a 12 month high of $8.05. The stock has a market capitalization of $255.23 million, a P/E ratio of 54.93 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.30 and a quick ratio of 1.19.

Immersion (NASDAQ:IMMR) last released its earnings results on Friday, July 24th. The software maker reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.07. The business had revenue of $270.00 million for the quarter, compared to the consensus estimate of $230.00 million. Immersion had a return on equity of 0.80% and a net margin of 0.26%. As a group, analysts predict that Immersion Corporation will post 0.26 EPS for the current fiscal year.

Immersion Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 20th were issued a $0.075 dividend. The ex-dividend date was Monday, July 20th. This represents a $0.30 dividend on an annualized basis and a yield of 3.9%. Immersion’s dividend payout ratio (DPR) is presently 214.29%.

About Immersion

Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company’s proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion’s core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.

Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.