MorganRosel Wealth Management LLC Has $834,000 Stock Position in Immersion Co. (NASDAQ:IMMR)

MorganRosel Wealth Management LLC lessened its stake in shares of Immersion Co. (NASDAQ:IMMR) by 19.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 95,491 shares of the software maker’s stock after selling 23,729 shares during the period. MorganRosel Wealth Management LLC owned about 0.30% of Immersion worth $834,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of IMMR. Hanseatic Management Services Inc. increased its stake in Immersion by 2.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker’s stock valued at $488,000 after buying an additional 1,411 shares during the period. Philip James Wealth Mangement LLC acquired a new position in shares of Immersion during the 3rd quarter worth about $164,000. Victory Capital Management Inc. boosted its position in shares of Immersion by 8.3% in the third quarter. Victory Capital Management Inc. now owns 405,480 shares of the software maker’s stock valued at $3,617,000 after acquiring an additional 31,063 shares during the period. Banque Cantonale Vaudoise grew its position in Immersion by 92.1% in the 3rd quarter. Banque Cantonale Vaudoise now owns 22,042 shares of the software maker’s stock worth $197,000 after purchasing an additional 10,569 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Immersion in the 3rd quarter worth approximately $3,113,000. 60.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, BWS Financial reaffirmed a “buy” rating and set a $13.50 price objective on shares of Immersion in a report on Wednesday, February 5th.

Immersion Trading Down 1.5 %

Shares of NASDAQ IMMR opened at $8.35 on Tuesday. Immersion Co. has a 1-year low of $6.54 and a 1-year high of $13.94. The company has a 50-day moving average of $8.63 and a two-hundred day moving average of $8.82. The company has a market cap of $269.50 million, a PE ratio of 2.98 and a beta of 1.50. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

Immersion (NASDAQ:IMMR) last announced its quarterly earnings data 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 return on equity of 28.08% and a net margin of 11.79%. As a group, equities analysts expect that Immersion Co. will post 1.57 earnings per share for the current fiscal year.

About Immersion

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.