Ranger Investment Management L.P. Has $582,000 Stake in Immersion Corporation (NASDAQ:IMMR)

Ranger Investment Management L.P. held its position in Immersion Corporation (NASDAQ:IMMR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 67,200 shares of the software maker’s stock at the end of the first quarter. Ranger Investment Management L.P. owned 0.23% of Immersion Corporation worth $582,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IMMR. Tudor Investment Corp ET AL increased its stake in shares of Immersion Corporation by 66.5% in the first quarter. Tudor Investment Corp ET AL now owns 25,149 shares of the software maker’s stock valued at $218,000 after buying an additional 10,046 shares during the last quarter. Raging Capital Management LLC boosted its position in Immersion Corporation by 75.8% in the first quarter. Raging Capital Management LLC now owns 2,849,289 shares of the software maker’s stock worth $24,675,000 after buying an additional 1,228,459 shares during the last quarter. Lucus Advisors LLC purchased a new stake in shares of Immersion Corporation during the first quarter worth about $191,000. Dimensional Fund Advisors LP increased its position in shares of Immersion Corporation by 12.4% in the first quarter. Dimensional Fund Advisors LP now owns 347,922 shares of the software maker’s stock valued at $3,013,000 after buying an additional 38,284 shares during the period. Finally, Geode Capital Management LLC increased its stake in Immersion Corporation by 3.0% in the first quarter. Geode Capital Management LLC now owns 249,334 shares of the software maker’s stock worth $2,159,000 after buying an additional 7,191 shares during the last quarter. 75.92% of the stock is currently owned by institutional investors.

Shares of Immersion Corporation (IMMR) traded up 0.81% on Wednesday, hitting $8.67. 57,501 shares of the stock traded hands. Immersion Corporation has a 12 month low of $6.24 and a 12 month high of $11.92. The company’s market cap is $252.87 million. The firm’s 50 day moving average is $8.60 and its 200-day moving average is $9.45.

Immersion Corporation (NASDAQ:IMMR) last announced its quarterly earnings data on Thursday, May 4th. The software maker reported ($0.30) EPS for the quarter, meeting the consensus estimate of ($0.30). Immersion Corporation had a negative net margin of 94.05% and a negative return on equity of 25.30%. The business had revenue of $9.22 million during the quarter, compared to the consensus estimate of $11.09 million. During the same period in the previous year, the business earned ($0.04) earnings per share. The company’s revenue was down 32.3% on a year-over-year basis. Equities analysts predict that Immersion Corporation will post ($1.02) earnings per share for the current year.

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A number of research firms recently weighed in on IMMR. Zacks Investment Research lowered shares of Immersion Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Benchmark Co. initiated coverage on shares of Immersion Corporation in a report on Tuesday, April 25th. They issued a “buy” rating and a $12.00 price objective for the company. ValuEngine raised shares of Immersion Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, B. Riley restated a “buy” rating and issued a $10.50 price objective on shares of Immersion Corporation in a research report on Sunday, May 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $11.10.

In other Immersion Corporation news, Director Jack L. Saltich acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The stock was bought at an average cost of $8.26 per share, with a total value of $41,300.00. Following the acquisition, the director now owns 113,239 shares in the company, valued at $935,354.14. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 7.22% of the company’s stock.

Immersion Corporation Company Profile

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.

Institutional Ownership by Quarter for Immersion Corporation (NASDAQ:IMMR)

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