Immersion Co. (NASDAQ:IMMR) Director Toro 18 Holdings Llc Buys 59,146 Shares

Immersion Co. (NASDAQ:IMMR) Director Toro 18 Holdings Llc acquired 59,146 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $8.49 per share, with a total value of $502,149.54. Following the acquisition, the director now directly owns 11,065,848 shares of the company’s stock, valued at $93,949,049.52. The trade was a 0.54 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Immersion Stock Up 2.2 %

IMMR traded up $0.16 during trading on Friday, reaching $7.60. The company had a trading volume of 499,650 shares, compared to its average volume of 521,132. The business’s fifty day moving average price is $8.34 and its 200 day moving average price is $8.62. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.65 and a quick ratio of 0.94. Immersion Co. has a 12 month low of $7.06 and a 12 month high of $13.94. The company has a market cap of $245.30 million, a P/E ratio of 2.71 and a beta of 1.55.

Immersion (NASDAQ:IMMR) last announced its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.33. Immersion had a net margin of 11.79% and a return on equity of 28.08%. The firm had revenue of $474.76 million during the quarter, compared to analyst estimates of $9.45 million. Equities analysts anticipate that Immersion Co. will post 1.57 EPS for the current year.

Immersion Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, April 14th will be given a $0.045 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, April 14th. Immersion’s dividend payout ratio is presently 4.64%.

Institutional Investors Weigh In On Immersion

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Immersion by 5.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,443 shares of the software maker’s stock valued at $284,000 after purchasing an additional 1,604 shares during the last quarter. ProShare Advisors LLC increased its stake in Immersion by 8.5% in the 4th quarter. ProShare Advisors LLC now owns 26,318 shares of the software maker’s stock valued at $230,000 after buying an additional 2,064 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Immersion by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock worth $775,000 after buying an additional 2,416 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Immersion by 44.2% during the 4th quarter. Legal & General Group Plc now owns 7,910 shares of the software maker’s stock worth $69,000 after buying an additional 2,425 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of Immersion by 5.8% in the 3rd quarter. Franklin Resources Inc. now owns 52,804 shares of the software maker’s stock valued at $447,000 after acquiring an additional 2,879 shares in the last quarter. Institutional investors own 60.57% of the company’s stock.

Analysts Set New Price Targets

IMMR has been the topic of several analyst reports. Craig Hallum cut their target price on shares of Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday. BWS Financial reissued a “buy” rating and issued a $13.50 target price on shares of Immersion in a research note on Thursday.

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.