Immersion’s (IMMR) “Buy” Rating Reaffirmed at BWS Financial

BWS Financial reissued their buy rating on shares of Immersion (NASDAQ:IMMR) in a research report released on Wednesday morning,Benzinga reports. The firm currently has a $13.50 target price on the software maker’s stock.

Separately, StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a report on Thursday, August 29th.

Immersion Trading Up 2.1 %

Shares of Immersion stock traded up $0.19 during trading on Wednesday, reaching $9.09. The company’s stock had a trading volume of 186,982 shares, compared to its average volume of 699,641. The company has a market cap of $293.39 million, a price-to-earnings ratio of 4.43 and a beta of 1.51. Immersion has a 52-week low of $6.54 and a 52-week high of $13.94. 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 firm’s 50-day moving average is $8.73 and its two-hundred day moving average is $9.58.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings data on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.15 by $0.68. Immersion had a return on equity of 27.05% and a net margin of 40.62%. On average, sell-side analysts anticipate that Immersion will post 1.96 earnings per share for the current year.

Immersion Dividend Announcement

The business also recently announced a None dividend, which will be paid on Friday, January 24th. Shareholders of record on Friday, January 10th will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, January 10th. Immersion’s dividend payout ratio is presently 8.78%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IMMR. Quarry LP purchased a new stake in shares of Immersion in the second quarter worth $26,000. Copeland Capital Management LLC purchased a new stake in Immersion in the 3rd quarter worth $59,000. Quantbot Technologies LP bought a new stake in Immersion during the third quarter valued at about $78,000. Caprock Group LLC purchased a new position in shares of Immersion in the second quarter valued at about $107,000. Finally, Magnetar Financial LLC bought a new position in shares of Immersion in the second quarter worth about $113,000. 60.57% of the stock is currently owned by institutional investors.

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.