Nokomis Capital L.L.C. grew its position in shares of Immersion Co. (NASDAQ:IMMR) by 69.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,679,154 shares of the software maker’s stock after buying an additional 690,110 shares during the quarter. Immersion makes up about 2.7% of Nokomis Capital L.L.C.’s investment portfolio, making the stock its 17th biggest position. Nokomis Capital L.L.C. owned 5.74% of Immersion worth $11,855,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in Immersion by 193.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,278 shares of the software maker’s stock worth $157,000 after buying an additional 14,677 shares during the last quarter. Voya Investment Management LLC grew its stake in Immersion by 14.1% during the second quarter. Voya Investment Management LLC now owns 20,218 shares of the software maker’s stock worth $184,000 after buying an additional 2,501 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in Immersion by 8.1% during the second quarter. The Manufacturers Life Insurance Company now owns 25,835 shares of the software maker’s stock worth $234,000 after buying an additional 1,929 shares during the last quarter. Jane Street Group LLC grew its stake in Immersion by 199.2% during the third quarter. Jane Street Group LLC now owns 29,154 shares of the software maker’s stock worth $238,000 after buying an additional 58,555 shares during the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in Immersion during the fourth quarter worth about $248,000. 79.17% of the stock is currently owned by hedge funds and other institutional investors.
In other Immersion news, major shareholder Raging Capital Management, Llc acquired 326,366 shares of Immersion stock in a transaction on Friday, December 15th. The shares were purchased at an average cost of $6.58 per share, with a total value of $2,147,488.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Anne Marie Peters sold 10,443 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $12.00, for a total transaction of $125,316.00. Following the completion of the transaction, the vice president now directly owns 62,305 shares in the company, valued at $747,660. The disclosure for this sale can be found here. Insiders have sold 21,179 shares of company stock worth $251,918 over the last three months. 7.22% of the stock is owned by insiders.
Shares of Immersion Co. (NASDAQ IMMR) opened at $12.70 on Wednesday. Immersion Co. has a 52 week low of $5.76 and a 52 week high of $12.85. The company has a market cap of $373.29, a P/E ratio of -8.19, a PEG ratio of 0.77 and a beta of 1.63.
Immersion (NASDAQ:IMMR) last released its quarterly earnings results on Thursday, February 22nd. The software maker reported ($0.21) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.22) by $0.01. Immersion had a negative net margin of 129.35% and a negative return on equity of 146.48%. The business had revenue of $6.90 million for the quarter, compared to analysts’ expectations of $6.32 million. During the same period in the prior year, the firm earned ($0.27) earnings per share. Immersion’s revenue was down 25.8% compared to the same quarter last year. equities analysts anticipate that Immersion Co. will post 1.1 EPS for the current fiscal year.
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Immersion Corporation is a licensing company focused on the creation, design, development and licensing of haptic technologies that allow people to use their sense of touch when operating digital devices. The Company develops, licenses and supports a range of software and intellectual property (IP). It is focused on the markets, including mobile devices, wearables, consumer, mobile entertainment and other content; console gaming; automotive; medical, and commercial.
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