Immersion Corporation (NASDAQ:IMMR – Get Free Report) insider Toro 18 Holdings Llc sold 105,541 shares of the stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $4.63, for a total value of $488,654.83. Following the completion of the sale, the insider owned 1,101,832 shares of the company’s stock, valued at approximately $5,101,482.16. This trade represents a 8.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Toro 18 Holdings Llc also recently made the following trade(s):
- On Thursday, September 10th, Toro 18 Holdings Llc sold 24,459 shares of Immersion stock. The shares were sold at an average price of $4.66, for a total value of $113,978.94.
- On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Immersion stock. The shares were sold at an average price of $4.55, for a total value of $17,745.00.
- On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Immersion stock. The stock was sold at an average price of $4.61, for a total value of $193,707.59.
- On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Immersion stock. The shares were sold at an average price of $4.83, for a total transaction of $40,089.00.
- On Tuesday, August 18th, Toro 18 Holdings Llc sold 15,000 shares of Immersion stock. The shares were sold at an average price of $4.95, for a total transaction of $74,250.00.
- On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Immersion stock. The stock was sold at an average price of $5.25, for a total transaction of $228,879.00.
- On Monday, August 10th, Toro 18 Holdings Llc sold 200,000 shares of Immersion stock. The stock was sold at an average price of $5.22, for a total transaction of $1,044,000.00.
Immersion Trading Up 0.5%
Shares of NASDAQ:IMMR traded up $0.04 on Friday, hitting $7.40. The company had a trading volume of 275,749 shares, compared to its average volume of 506,489. The firm’s 50-day simple moving average is $7.27 and its two-hundred day simple moving average is $6.60. The firm has a market capitalization of $245.61 million, a price-to-earnings ratio of 52.86 and a beta of 1.02. The company has a quick ratio of 1.19, a current ratio of 2.30 and a debt-to-equity ratio of 0.13. Immersion Corporation has a 1 year low of $5.25 and a 1 year high of $8.05.
Immersion Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 20th were issued a dividend of $0.075 per share. The ex-dividend date was Monday, July 20th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.1%. Immersion’s dividend payout ratio is 214.29%.
Hedge Funds Weigh In On Immersion
Large investors have recently made changes to their positions in the business. First Trust Advisors LP grew its stake in shares of Immersion by 2.1% in the 1st quarter. First Trust Advisors LP now owns 87,899 shares of the software maker’s stock worth $480,000 after buying an additional 1,819 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Immersion by 85.5% during the third quarter. Russell Investments Group Ltd. now owns 4,429 shares of the software maker’s stock valued at $33,000 after buying an additional 2,041 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in Immersion by 5.9% in the third quarter. Bridgeway Capital Management LLC now owns 44,800 shares of the software maker’s stock worth $329,000 after acquiring an additional 2,500 shares in the last quarter. Invesco Ltd. boosted its holdings in Immersion by 16.2% in the second quarter. Invesco Ltd. now owns 20,682 shares of the software maker’s stock worth $163,000 after acquiring an additional 2,886 shares in the last quarter. Finally, Caitlin John LLC bought a new stake in Immersion in the second quarter worth $27,000. 60.57% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
IMMR has been the subject of a number of research analyst reports. BWS Financial restated a “buy” rating and issued a $13.50 target price on shares of Immersion in a research note on Tuesday, July 28th. Weiss Ratings cut Immersion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen upgraded Immersion from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.50.
Check Out Our Latest Report on IMMR
Immersion Company 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.
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