Immersion Co. (NASDAQ:IMMR) Insider William C. Martin Purchases 27,150 Shares of Stock

Immersion Co. (NASDAQ:IMMR) insider William C. Martin bought 27,150 shares of the stock in a transaction on Thursday, March 20th. The stock was bought at an average price of $7.55 per share, for a total transaction of $204,982.50. Following the completion of the purchase, the insider now directly owns 1,450,693 shares in the company, valued at approximately $10,952,732.15. The trade was a 1.91 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Immersion Stock Performance

NASDAQ IMMR opened at $7.82 on Tuesday. The stock has a market capitalization of $253.34 million, a price-to-earnings ratio of 2.79 and a beta of 1.55. The business’s 50 day moving average is $8.19 and its two-hundred day moving average is $8.55. Immersion Co. has a 12-month low of $7.06 and a 12-month high of $13.94. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37.

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

Immersion Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, April 14th will be paid a dividend of $0.045 per share. The ex-dividend date of this dividend is Monday, April 14th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.30%. Immersion’s dividend payout ratio (DPR) is presently 6.47%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on IMMR. BWS Financial reaffirmed a “buy” rating and set a $13.50 price target on shares of Immersion in a report on Thursday, March 13th. Craig Hallum reduced their target price on shares of Immersion from $14.00 to $11.00 and set a “buy” rating for the company in a research note on Thursday, March 13th.

Hedge Funds Weigh In On Immersion

A number of large investors have recently made changes to their positions in the stock. PharVision Advisers LLC purchased a new position in Immersion in the fourth quarter valued at about $202,000. Sherbrooke Park Advisers LLC purchased a new position in Immersion in the 4th quarter valued at approximately $170,000. ProShare Advisors LLC raised its holdings in Immersion by 8.5% during the fourth quarter. ProShare Advisors LLC now owns 26,318 shares of the software maker’s stock worth $230,000 after purchasing an additional 2,064 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its position in Immersion by 11.0% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 494,167 shares of the software maker’s stock worth $4,448,000 after purchasing an additional 48,843 shares in the last quarter. Finally, Occudo Quantitative Strategies LP purchased a new stake in Immersion during the fourth quarter worth $186,000. Hedge funds and other institutional investors own 60.57% of the company’s stock.

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.