Immersion Co. (NASDAQ:IMMR) CFO Sells $44,585.13 in Stock

Immersion Co. (NASDAQ:IMMR) CFO J Michael Dodson sold 5,921 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $7.53, for a total value of $44,585.13. Following the sale, the chief financial officer now owns 39,132 shares of the company’s stock, valued at approximately $294,663.96. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Immersion Price Performance

Immersion stock traded up $0.21 during mid-day trading on Monday, hitting $7.84. 463,051 shares of the company were exchanged, compared to its average volume of 664,129. Immersion Co. has a 1-year low of $6.47 and a 1-year high of $13.94. The company has a quick ratio of 0.94, a current ratio of 1.65 and a debt-to-equity ratio of 0.37. The business has a fifty day moving average of $7.38 and a 200 day moving average of $8.02. The company has a market capitalization of $253.82 million, a PE ratio of 2.80 and a beta of 1.41.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on IMMR shares. Craig Hallum cut their price target on shares of Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, March 13th. Wall Street Zen upgraded shares of Immersion from a “hold” rating to a “buy” rating in a report on Thursday, May 22nd. Finally, BWS Financial reaffirmed a “buy” rating and issued a $13.50 target price on shares of Immersion in a report on Thursday, March 13th.

Hedge Funds Weigh In On Immersion

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMMR. PharVision Advisers LLC raised its stake in shares of Immersion by 14.5% in the first quarter. PharVision Advisers LLC now owns 26,478 shares of the software maker’s stock valued at $201,000 after acquiring an additional 3,349 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Immersion by 12.3% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 554,989 shares of the software maker’s stock valued at $4,207,000 after buying an additional 60,822 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Immersion by 253.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,485 shares of the software maker’s stock worth $466,000 after acquiring an additional 44,112 shares during the last quarter. Quarry LP boosted its holdings in Immersion by 52.0% in the first quarter. Quarry LP now owns 9,370 shares of the software maker’s stock valued at $71,000 after acquiring an additional 3,204 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in Immersion by 15.5% during the 1st quarter. MetLife Investment Management LLC now owns 17,020 shares of the software maker’s stock worth $129,000 after purchasing an additional 2,288 shares during the last quarter. 60.57% of the stock is currently owned by institutional investors and hedge funds.

Immersion Company Profile

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.