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

Immersion Co. (NASDAQ:IMMR) Director Toro 18 Holdings Llc purchased 59,146 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $8.49 per share, for a total transaction of $502,149.54. Following the completion of the purchase, the director now owns 11,065,848 shares in the company, valued at approximately $93,949,049.52. The trade was a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Immersion Price Performance

NASDAQ IMMR opened at $7.60 on Friday. The company has a market capitalization of $245.30 million, a PE ratio of 2.71 and a beta of 1.55. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. The business’s fifty day moving average is $8.34 and its 200 day moving average is $8.62. Immersion Co. has a fifty-two week low of $7.06 and a fifty-two week high of $13.94.

Immersion (NASDAQ:IMMR) last released its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.33. The company 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%. Sell-side analysts predict that Immersion Co. will post 1.57 earnings per share for the current year.

Immersion Dividend Announcement

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

Institutional Investors Weigh In On Immersion

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its holdings in Immersion by 29,900.0% during the fourth quarter. Farther Finance Advisors LLC now owns 3,000 shares of the software maker’s stock valued at $26,000 after acquiring an additional 2,990 shares during the period. SBI Securities Co. Ltd. bought a new stake in Immersion during the fourth quarter valued at about $51,000. Quarry LP bought a new stake in Immersion during the fourth quarter valued at about $54,000. AlphaQuest LLC bought a new stake in shares of Immersion in the fourth quarter worth about $61,000. Finally, Legal & General Group Plc increased its holdings in shares of Immersion by 44.2% in the fourth quarter. Legal & General Group Plc now owns 7,910 shares of the software maker’s stock worth $69,000 after purchasing an additional 2,425 shares during the last quarter. 60.57% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Craig Hallum dropped their price target on Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a research note on Thursday. BWS Financial reiterated a “buy” rating and set a $13.50 target price on shares of Immersion in a research report on Thursday.

About Immersion

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.