Immersion Corporation Announces Quarterly Dividend of $0.05 (NASDAQ:IMMR)

Immersion Corporation (NASDAQ:IMMR - Get Free Report) announced a quarterly dividend on Monday, July 7th, NASDAQ Dividends reports. Stockholders of record on Wednesday, July 23rd will be paid a dividend of 0.045 per share by the software maker on Friday, August 8th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date is Wednesday, July 23rd.

Immersion Price Performance

Shares of NASDAQ:IMMR traded up $0.04 during midday trading on Wednesday, reaching $7.91. The company's stock had a trading volume of 260,591 shares, compared to its average volume of 660,954. Immersion has a fifty-two week low of $6.47 and a fifty-two week high of $13.94. The company has a market capitalization of $256.28 million, a P/E ratio of 2.85 and a beta of 1.41. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.72 and a quick ratio of 1.04. The business's fifty day simple moving average is $7.62 and its 200-day simple moving average is $7.87.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Craig Hallum lowered their price objective on Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, March 13th. BWS Financial reiterated a "buy" rating and issued a $13.50 price objective on shares of Immersion in a research report on Thursday, March 13th. Finally, Wall Street Zen lowered Immersion from a "buy" rating to a "hold" rating in a research report on Saturday.

Insider Activity

In other news, CFO J Michael Dodson sold 5,921 shares of the business's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $7.53, for a total transaction of $44,585.13. Following the completion of the transaction, the chief financial officer directly owned 39,132 shares in the company, valued at approximately $294,663.96. The trade was a 13.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.50% of the company's stock.

Institutional Investors Weigh In On Immersion

An institutional investor recently raised its position in Immersion stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Immersion Corporation (NASDAQ:IMMR - Free Report) by 253.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 61,485 shares of the software maker's stock after acquiring an additional 44,112 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.19% of Immersion worth $466,000 as of its most recent filing with the SEC. 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.

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