Immersion (NASDAQ:IMMR) Insider Toro 18 Holdings Llc Sells 42,019 Shares of Stock

Immersion Corporation (NASDAQ:IMMR) insider Toro 18 Holdings Llc sold 42,019 shares of Immersion stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of $4.61, for a total value of $193,707.59. Following the sale, the insider owned 1,235,732 shares in the company, valued at $5,696,724.52. This represents a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a 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 Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Immersion stock. The stock was sold at an average price of $4.55, for a total value of $17,745.00.
• 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 value 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 value 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 value of $228,879.00.
• On Monday, August 10th, Toro 18 Holdings Llc sold 200,000 shares of Immersion stock. The shares were sold at an average price of $5.22, for a total transaction of $1,044,000.00.

Immersion Stock Performance

Shares of IMMR stock opened at $7.71 on Friday. The company’s fifty day moving average price is $7.21 and its 200-day moving average price is $6.56. The stock has a market cap of $255.89 million, a PE ratio of 55.07 and a beta of 1.02. The company has a current ratio of 2.30, a quick ratio of 1.19 and a debt-to-equity ratio of 0.13. Immersion Corporation has a 12 month low of $5.25 and a 12 month high of $8.05.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings results on Friday, July 24th. The software maker reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.07. Immersion had a net margin of 0.26% and a return on equity of 0.80%. The company had revenue of $270.00 million during the quarter, compared to analyst estimates of $230.00 million. On average, equities analysts expect that Immersion Corporation will post 0.26 EPS for the current fiscal year.

Immersion Announces Dividend

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Immersion by 253.9% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,485 shares of the software maker’s stock worth $466,000 after buying an additional 44,112 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Immersion during the second quarter valued at approximately $80,000. Quantbot Technologies LP raised its holdings in Immersion by 212.3% in the 2nd quarter. Quantbot Technologies LP now owns 45,162 shares of the software maker’s stock worth $356,000 after acquiring an additional 30,703 shares during the last quarter. Invesco Ltd. raised its holdings in Immersion by 16.2% in the 2nd quarter. Invesco Ltd. now owns 20,682 shares of the software maker’s stock worth $163,000 after acquiring an additional 2,886 shares during the last quarter. Finally, Jump Financial LLC raised its holdings in Immersion by 439.8% in the 2nd quarter. Jump Financial LLC now owns 126,637 shares of the software maker’s stock worth $998,000 after acquiring an additional 103,176 shares during the last quarter. 60.57% of the stock is owned by hedge funds and other 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.