GSA Capital Partners LLP Has $1.44 Million Stock Holdings in Immersion Corporation $IMMR

GSA Capital Partners LLP reduced its holdings in shares of Immersion Corporation (NASDAQ:IMMR) by 35.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 196,234 shares of the software maker’s stock after selling 109,037 shares during the quarter. GSA Capital Partners LLP’s holdings in Immersion were worth $1,440,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Tower Research Capital LLC TRC lifted its position in Immersion by 677.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,738 shares of the software maker’s stock valued at $61,000 after acquiring an additional 6,743 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Immersion in the second quarter valued at approximately $80,000. Engineers Gate Manager LP purchased a new position in shares of Immersion during the second quarter valued at approximately $129,000. Invesco Ltd. grew its holdings in Immersion by 16.2% during the second quarter. Invesco Ltd. now owns 20,682 shares of the software maker’s stock worth $163,000 after buying an additional 2,886 shares in the last quarter. Finally, Brevan Howard Capital Management LP purchased a new stake in Immersion in the 2nd quarter valued at $169,000. 60.57% of the stock is owned by institutional investors.

Immersion Trading Down 4.1%

Shares of Immersion stock opened at $5.91 on Wednesday. The business’s fifty day simple moving average is $6.60 and its 200 day simple moving average is $6.81. Immersion Corporation has a 12 month low of $5.65 and a 12 month high of $8.80. The firm has a market capitalization of $191.48 million, a P/E ratio of 2.13 and a beta of 0.85.

Immersion Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Monday, January 19th were issued a $0.075 dividend. This is an increase from Immersion’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Friday, January 16th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.1%. Immersion’s payout ratio is presently 10.79%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Immersion in a report on Friday, October 31st. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $12.25.

Immersion Profile

Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company’s proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion’s core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.

Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.