Campbell & CO Investment Adviser LLC Has $653,000 Stock Holdings in Immersion Corporation $IMMR

Campbell & CO Investment Adviser LLC trimmed its position in Immersion Corporation (NASDAQ:IMMR) by 59.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,830 shares of the software maker’s stock after selling 122,356 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.26% of Immersion worth $653,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in IMMR. Los Angeles Capital Management LLC boosted its stake in shares of Immersion by 5.1% in the 2nd quarter. Los Angeles Capital Management LLC now owns 168,825 shares of the software maker’s stock valued at $1,330,000 after purchasing an additional 8,180 shares during the last quarter. AlphaQuest LLC lifted its holdings in Immersion by 772.1% in the second quarter. AlphaQuest LLC now owns 26,703 shares of the software maker’s stock valued at $210,000 after buying an additional 23,641 shares during the period. SummerHaven Investment Management LLC boosted its stake in Immersion by 2.6% in the second quarter. SummerHaven Investment Management LLC now owns 79,710 shares of the software maker’s stock valued at $628,000 after acquiring an additional 1,991 shares during the last quarter. Kanen Wealth Management LLC grew its holdings in Immersion by 1.5% during the 2nd quarter. Kanen Wealth Management LLC now owns 609,000 shares of the software maker’s stock worth $4,799,000 after acquiring an additional 9,000 shares during the period. Finally, PharVision Advisers LLC raised its position in shares of Immersion by 14.5% during the 1st quarter. PharVision Advisers LLC now owns 26,478 shares of the software maker’s stock valued at $201,000 after acquiring an additional 3,349 shares during the last quarter. 60.57% of the stock is currently owned by institutional investors and hedge funds.

Immersion Stock Performance

Shares of Immersion stock opened at $6.41 on Friday. The stock’s fifty day simple moving average is $6.99 and its 200 day simple moving average is $7.28. The company has a current ratio of 1.72, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $207.66 million, a PE ratio of 2.31 and a beta of 1.12. Immersion Corporation has a 12 month low of $6.32 and a 12 month high of $10.72.

Immersion Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Monday, October 20th were given a $0.045 dividend. The ex-dividend date was Monday, October 20th. This represents a $0.18 annualized dividend and a dividend yield of 2.8%. Immersion’s payout ratio is currently 6.47%.

Analyst Ratings Changes

Several research analysts have recently issued reports on IMMR shares. Weiss Ratings restated a “hold (c)” rating on shares of Immersion in a research report on Friday, October 31st. BWS Financial restated a “buy” rating and set a $13.50 target price on shares of Immersion in a report on Wednesday, October 15th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock 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.