Skandinaviska Enskilda Banken AB publ Grows Stock Holdings in Immersion Co. (NASDAQ:IMMR)

Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Immersion Co. (NASDAQ:IMMR) by 68.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,042 shares of the software maker’s stock after buying an additional 4,897 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Immersion were worth $106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of IMMR. Farther Finance Advisors LLC increased its position in shares of Immersion by 29,900.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker’s stock valued at $26,000 after buying an additional 2,990 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of Immersion during the fourth quarter valued at about $51,000. AlphaQuest LLC purchased a new position in shares of Immersion during the fourth quarter valued at about $61,000. Quantbot Technologies LP bought a new stake in Immersion during the third quarter worth about $78,000. Finally, Proficio Capital Partners LLC bought a new stake in Immersion during the fourth quarter worth about $98,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

Immersion Trading Down 3.2 %

NASDAQ:IMMR opened at $7.58 on Wednesday. Immersion Co. has a one year low of $7.06 and a one year high of $13.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. The company’s 50-day simple moving average is $8.27 and its 200 day simple moving average is $8.59. The firm has a market capitalization of $245.56 million, a P/E ratio of 2.71 and a beta of 1.55.

Immersion (NASDAQ:IMMR) last issued its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.33. The firm had revenue of $474.76 million for the quarter, compared to the consensus estimate of $9.45 million. Immersion had a net margin of 11.79% and a return on equity of 28.08%. As a group, analysts forecast that Immersion Co. will post 1.57 EPS for the current fiscal year.

Immersion Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be paid a $0.045 dividend. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.18 annualized dividend and a dividend yield of 2.37%. Immersion’s dividend payout ratio is presently 6.47%.

Insider Transactions at Immersion

In other news, Director Toro 18 Holdings Llc bought 59,146 shares of the company’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the completion of the purchase, the director now owns 11,065,848 shares in the company, valued at approximately $93,949,049.52. This represents a 0.54 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 5.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IMMR. BWS Financial reissued a “buy” rating and set a $13.50 price objective on shares of Immersion in a research note on Thursday, March 13th. Craig Hallum dropped their price objective on shares of Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday, March 13th.

Immersion Company 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.