LSV Asset Management Discloses Passive Stake in Immersion Corp
Ticker: IMMR · Form: SC 13G · Filed: Feb 9, 2024 · CIK: 1058811
| Field | Detail |
|---|---|
| Company | Immersion CORP (IMMR) |
| Form Type | SC 13G |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, SC-13G
TL;DR
**LSV Asset Management just revealed a passive stake in Immersion Corp, signaling institutional confidence.**
AI Summary
LSV Asset Management, a Chicago-based investment firm, has filed an SC 13G indicating its ownership in Immersion Corp (IMMR) as of December 31, 2023. This filing, made on February 9, 2024, signals that LSV Asset Management holds a significant, but passive, stake in the company's Class A Common Stock. For investors, this means a large institutional investor sees value in Immersion Corp, potentially lending credibility to the stock, but LSV is not looking to influence management decisions.
Why It Matters
This filing shows a major institutional investor, LSV Asset Management, has taken a significant position in Immersion Corp, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — An SC 13G filing generally indicates a passive investment, posing minimal direct risk to current shareholders.
Analyst Insight
A smart investor would note LSV Asset Management's passive stake as a potential vote of confidence from a value-oriented institutional investor, but would still conduct their own due diligence on Immersion Corp's fundamentals and future prospects, as this filing doesn't indicate an activist position or immediate catalysts.
Key Players & Entities
- LSV Asset Management (company) — the investment firm filing the SC 13G
- Immersion Corp (company) — the subject company in which LSV Asset Management holds shares
- December 31, 2023 (date) — the date as of which the ownership stake is reported
- February 9, 2024 (date) — the filing date of the SC 13G
- 452521107 (number) — the CUSIP number for Immersion Corp's Class A Common Stock
FAQ
What type of stock does LSV Asset Management own in Immersion Corp?
LSV Asset Management owns 'Class A Common Stock, no par value per share' of Immersion Corp, as stated in the filing.
When was this SC 13G filing made public?
The SC 13G filing was made public on February 9, 2024, according to the 'FILED AS OF DATE' and 'DATE AS OF CHANGE' in the filing header.
What is the CUSIP number for Immersion Corp's securities mentioned in this filing?
The CUSIP number for Immersion Corp's Class A Common Stock is 452521107, as specified in the 'INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)' section.
What is the business address of Immersion Corp?
Immersion Corp's business address is 2999 N.E. 191ST STREET, SUITE 610, AVENTURA, FL 33180, as listed under 'SUBJECT COMPANY: COMPANY DATA: BUSINESS ADDRESS'.
What is the primary purpose of an SC 13G filing?
An SC 13G filing is used by institutional investors who acquire more than 5% of a company's stock but intend to remain passive investors, meaning they do not seek to influence control of the company, as indicated by the form type 'SC 13G' and the context of a passive investment.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 9, 2024 regarding IMMERSION CORP (IMMR).