Immersion (NASDAQ:IMMR) Insider Toro 18 Holdings Llc Sells 3,900 Shares of Stock

Immersion Corporation (NASDAQ:IMMR) insider Toro 18 Holdings Llc sold 3,900 shares of Immersion stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $4.55, for a total transaction of $17,745.00. Following the sale, the insider owned 1,231,832 shares in the company, valued at approximately $5,604,835.60. This represents a 0.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Toro 18 Holdings Llc also recently made the following trade(s):

• On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Immersion stock. The shares were 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 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 2.0%

NASDAQ IMMR traded up $0.15 on Friday, reaching $7.71. The company had a trading volume of 213,587 shares, compared to its average volume of 511,179. The firm has a market cap of $255.89 million, a price-to-earnings ratio of 55.07 and a beta of 1.02. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.30 and a quick ratio of 1.19. Immersion Corporation has a fifty-two week low of $5.25 and a fifty-two week high of $8.05. The business has a 50 day moving average of $7.20 and a two-hundred day moving average of $6.55.

Immersion (NASDAQ:IMMR) last announced its earnings results on Friday, July 24th. The software maker reported $0.12 EPS for the quarter, topping the consensus estimate of $0.05 by $0.07. Immersion had a return on equity of 0.80% and a net margin of 0.26%.The firm had revenue of $270.00 million for the quarter, compared to the consensus estimate of $230.00 million. Analysts forecast that Immersion Corporation will post 0.26 EPS for the current year.

Immersion Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 20th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Monday, July 20th. Immersion’s dividend payout ratio (DPR) is 214.29%.

Wall Street Analysts Forecast Growth

IMMR has been the topic of several analyst reports. Zacks Research upgraded Immersion to a “hold” rating in a report on Friday, May 8th. BWS Financial restated a “buy” rating and issued a $13.50 price target on shares of Immersion in a research report on Tuesday, July 28th. Weiss Ratings lowered shares of Immersion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised shares of Immersion from a “sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Immersion currently has an average rating of “Hold” and an average price target of $13.50.

Institutional Investors Weigh In On Immersion

A number of hedge funds have recently added to or reduced their stakes in IMMR. Caitlin John LLC acquired a new position in Immersion in the second quarter valued at approximately $27,000. Strs Ohio acquired a new stake in shares of Immersion during the 1st quarter worth approximately $27,000. Russell Investments Group Ltd. increased its stake in shares of Immersion by 85.5% in 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 in the last quarter. Persistent Asset Partners Ltd acquired a new position in shares of Immersion during the 2nd quarter valued at $41,000. Finally, Optiver Holding B.V. lifted its position 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 valued at $43,000 after acquiring an additional 7,414 shares during the period. 60.57% of the stock is currently owned by institutional investors.

About Immersion

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.