BWS Financial Reiterates “Buy” Rating for Immersion (NASDAQ:IMMR)

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

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

Immersion Trading Up 2.1 %

Immersion stock traded up $0.19 during mid-day trading on Wednesday, hitting $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 debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55. The company has a 50 day moving average of $8.73 and a 200-day moving average of $9.58. Immersion has a one year low of $6.54 and a one year high of $13.94. The stock has a market cap of $293.39 million, a PE ratio of 4.43 and a beta of 1.51.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings results on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.68. Immersion had a net margin of 40.62% and a return on equity of 27.05%. On average, research analysts anticipate that Immersion will post 1.96 EPS for the current year.

Immersion Dividend Announcement

The company also recently declared a None dividend, which will be paid on Friday, January 24th. Shareholders 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 is currently 8.78%.

Hedge Funds Weigh In On Immersion

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new stake in Immersion in the second quarter valued at approximately $26,000. Copeland Capital Management LLC purchased a new stake in Immersion in the 3rd quarter worth $59,000. Quantbot Technologies LP acquired a new position in Immersion during the third quarter worth $78,000. Caprock Group LLC purchased a new position in Immersion during the second quarter valued at $107,000. Finally, Magnetar Financial LLC acquired a new stake in shares of Immersion in the second quarter valued at about $113,000. 60.57% of the stock is owned by hedge funds and other 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.