Immersion Corporation (NASDAQ:IMMR – Get Free Report) insider Toro 18 Holdings Llc sold 24,459 shares of the company’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $4.66, for a total value of $113,978.94. Following the transaction, the insider owned 1,207,373 shares of the company’s stock, valued at approximately $5,626,358.18. The trade was a 1.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Toro 18 Holdings Llc also recently made the following trade(s):
- On Friday, September 11th, Toro 18 Holdings Llc sold 105,541 shares of Immersion stock. The shares were sold at an average price of $4.63, for a total value of $488,654.83.
- 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 transaction 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 transaction of $193,707.59.
- On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Immersion stock. The stock was 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 stock was 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 shares were 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 Stock Performance
Shares of NASDAQ:IMMR traded up $0.04 during trading hours on Friday, hitting $7.40. The stock had a trading volume of 275,749 shares, compared to its average volume of 506,489. The stock’s fifty day simple moving average is $7.27 and its 200 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 debt-to-equity ratio of 0.13, a quick ratio of 1.19 and a current ratio of 2.30. Immersion Corporation has a 1-year low of $5.25 and a 1-year high of $8.05.
Immersion Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 20th were issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, July 20th. Immersion’s dividend payout ratio (DPR) is 214.29%.
Analyst Upgrades and Downgrades
IMMR has been the subject of several research analyst reports. Weiss Ratings downgraded shares of Immersion from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, August 11th. Wall Street Zen upgraded shares of Immersion from a “sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Finally, BWS Financial reaffirmed a “buy” rating and issued a $13.50 price target on shares of Immersion in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $13.50.
Check Out Our Latest Stock Analysis on IMMR
Institutional Trading of Immersion
A number of hedge funds and other institutional investors have recently made changes to their positions in IMMR. Caitlin John LLC bought a new stake in Immersion during the second quarter worth approximately $27,000. Strs Ohio bought a new position in shares of Immersion in the first quarter valued at $27,000. Russell Investments Group Ltd. lifted its position in shares of Immersion by 85.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,429 shares of the software maker’s stock valued at $33,000 after acquiring an additional 2,041 shares during the last quarter. Persistent Asset Partners Ltd bought a new stake in shares of Immersion during the 2nd quarter worth $41,000. Finally, Optiver Holding B.V. boosted its stake in shares of Immersion by 1,681.2% during the 1st quarter. Optiver Holding B.V. now owns 7,855 shares of the software maker’s stock worth $43,000 after acquiring an additional 7,414 shares in the last quarter. 60.57% of the stock is currently owned by institutional investors.
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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