Silverleafe Capital Partners LLC Takes $211,000 Position in Immersion Co. (NASDAQ:IMMR)

Silverleafe Capital Partners LLC acquired a new position in Immersion Co. (NASDAQ:IMMR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,215 shares of the software maker’s stock, valued at approximately $211,000. Silverleafe Capital Partners LLC owned 0.08% of Immersion at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of IMMR. Quarry LP bought a new stake in Immersion during the 2nd quarter valued at $26,000. Copeland Capital Management LLC purchased a new position in shares of Immersion in the 3rd quarter worth approximately $59,000. Quantbot Technologies LP bought a new position in shares of Immersion during the 3rd quarter worth approximately $78,000. Caprock Group LLC purchased a new stake in Immersion during the second quarter valued at approximately $107,000. Finally, Magnetar Financial LLC acquired a new stake in Immersion in the second quarter valued at approximately $113,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Analyst Ratings Changes

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

Immersion Stock Performance

Shares of NASDAQ:IMMR traded down $0.26 during trading on Monday, hitting $8.71. The stock had a trading volume of 502,587 shares, compared to its average volume of 651,919. Immersion Co. has a 12-month low of $6.54 and a 12-month high of $13.94. The stock has a 50-day simple moving average of $8.83 and a two-hundred day simple moving average of $9.45. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $281.12 million, a price-to-earnings ratio of 4.25 and a beta of 1.50.

Immersion (NASDAQ:IMMR) last released its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.68. Immersion had a return on equity of 27.05% and a net margin of 40.62%. On average, equities research analysts expect that Immersion Co. will post 1.96 earnings per share for the current fiscal year.

Immersion Dividend Announcement

The firm also recently announced a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be given a dividend of $0.245 per share. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio (DPR) 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.