Immersion Co. (NASDAQ:IMMR) Stock Position Decreased by Jump Financial LLC

27 Apr 2025, 07:58 by Danessa Lincoln · The Markets Daily

Jump Financial LLC decreased its holdings in shares of Immersion Co. (NASDAQ:IMMR – Free Report) by 54.9% during the 4th quarter, Holdings Channel.com reports. The fund owned 36,246 shares of the software maker’s stock after selling 44,102 shares during the period. Jump Financial LLC’s holdings in Immersion were worth $316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of IMMR. Geode Capital Management LLC raised its position in shares of Immersion by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 755,713 shares of the software maker’s stock worth $6,599,000 after purchasing an additional 17,418 shares during the period. State Street Corp grew its stake in Immersion by 1.0% during the 3rd quarter. State Street Corp now owns 681,414 shares of the software maker’s stock worth $6,078,000 after buying an additional 6,990 shares during the last quarter. Kanen Wealth Management LLC increased its position in Immersion by 84.6% in the fourth quarter. Kanen Wealth Management LLC now owns 600,000 shares of the software maker’s stock worth $5,238,000 after buying an additional 275,000 shares during the period. Segall Bryant & Hamill LLC lifted its stake in Immersion by 41.7% in the fourth quarter. Segall Bryant & Hamill LLC now owns 494,574 shares of the software maker’s stock valued at $4,318,000 after buying an additional 145,546 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Immersion by 16.8% during the fourth quarter. Bank of New York Mellon Corp now owns 358,240 shares of the software maker’s stock valued at $3,127,000 after acquiring an additional 51,655 shares during the period. Institutional investors own 60.57% of the company’s stock.

Immersion Trading Up 4.1 %

NASDAQ:IMMR opened at $7.41 on Friday. Immersion Co. has a 1 year low of $6.47 and a 1 year high of $13.94. The business has a fifty day moving average of $7.55 and a 200-day moving average of $8.28. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. The stock has a market cap of $240.05 million, a price-to-earnings ratio of 2.65 and a beta of 1.50.

Immersion (NASDAQ:IMMR – Get Free Report) last released its earnings results on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, beating the consensus estimate of $0.14 by $0.33. The firm had revenue of $474.76 million for the quarter, compared to analysts’ expectations of $9.45 million. Immersion had a net margin of 11.79% and a return on equity of 28.08%. Equities analysts predict that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Monday, April 14th were given a $0.045 dividend. The ex-dividend date of this dividend was Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a yield of 2.43%. Immersion’s dividend payout ratio (DPR) is 6.47%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IMMR. Craig Hallum cut their price objective on shares of Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, March 13th. BWS Financial restated a “buy” rating and issued a $13.50 price target on shares of Immersion in a research note on Thursday, March 13th.

Get Our Latest Report on IMMR

Insider Buying and Selling at Immersion

In other Immersion news, insider William C. Martin acquired 27,150 shares of Immersion stock in a transaction dated Thursday, March 20th. The stock was bought at an average price of $7.55 per share, for a total transaction of $204,982.50. Following the transaction, the insider now owns 1,450,693 shares in the company, valued at approximately $10,952,732.15. This trade represents a 1.91 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Toro 18 Holdings Llc bought 59,146 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the completion of the acquisition, the director now directly owns 11,065,848 shares in the company, valued at approximately $93,949,049.52. This represents a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 128,934 shares of company stock valued at $1,027,343. 5.50% of the stock is owned by corporate insiders.

Immersion Profile

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