Los Angeles Capital Management LLC Has $1.33 Million Holdings in Immersion Corporation $IMMR

Los Angeles Capital Management LLC lifted its position in Immersion Corporation (NASDAQ:IMMR) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,825 shares of the software maker’s stock after buying an additional 8,180 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Immersion were worth $1,330,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IMMR. Bank of New York Mellon Corp lifted its stake in Immersion by 0.5% in the first quarter. Bank of New York Mellon Corp now owns 359,868 shares of the software maker’s stock valued at $2,728,000 after acquiring an additional 1,628 shares during the last quarter. SummerHaven Investment Management LLC increased its stake in shares of Immersion by 2.6% during the 2nd quarter. SummerHaven Investment Management LLC now owns 79,710 shares of the software maker’s stock worth $628,000 after purchasing an additional 1,991 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Immersion by 15.5% in the 1st quarter. MetLife Investment Management LLC now owns 17,020 shares of the software maker’s stock valued at $129,000 after purchasing an additional 2,288 shares during the period. Quarry LP raised its holdings in shares of Immersion by 52.0% in the 1st quarter. Quarry LP now owns 9,370 shares of the software maker’s stock valued at $71,000 after purchasing an additional 3,204 shares during the period. Finally, PharVision Advisers LLC lifted its stake in Immersion by 14.5% in the 1st quarter. PharVision Advisers LLC now owns 26,478 shares of the software maker’s stock valued at $201,000 after purchasing 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 IMMR stock opened at $6.74 on Thursday. The company has a market capitalization of $218.35 million, a price-to-earnings ratio of 2.42 and a beta of 1.12. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.04 and a current ratio of 1.72. The company has a 50-day simple moving average of $7.01 and a 200 day simple moving average of $7.29. Immersion Corporation has a 52 week low of $6.36 and a 52 week high of $10.72.

Immersion Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Monday, October 20th were issued a dividend of $0.045 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, October 20th. Immersion’s payout ratio is currently 6.47%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Immersion in a research report on Friday, October 31st. BWS Financial reaffirmed a “buy” rating and issued a $13.50 price objective on shares of Immersion in a research report on Wednesday, October 15th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently 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.