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

Immersion Corporation (NASDAQ:IMMR - Get Free Report) announced a quarterly dividend on Monday, July 7th, NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, July 23rd.

Immersion Trading Down 0.4%

NASDAQ IMMR traded down $0.03 during trading hours on Friday, hitting $7.85. 418,725 shares of the company were exchanged, compared to its average volume of 659,121. The stock has a 50-day moving average price of $7.65 and a 200 day moving average price of $7.85. The company has a quick ratio of 1.04, a current ratio of 1.72 and a debt-to-equity ratio of 0.25. Immersion has a 52 week low of $6.47 and a 52 week high of $13.94. The stock has a market cap of $254.34 million, a PE ratio of 2.82 and a beta of 1.41.

Insider Activity

In other Immersion news, CFO J Michael Dodson sold 5,921 shares of the business's stock in a transaction that occurred on 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 owned 39,132 shares in the company, valued at $294,663.96. The trade was a 13.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Immersion stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Immersion Corporation (NASDAQ:IMMR - Free Report) by 253.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 61,485 shares of the software maker's stock after purchasing an additional 44,112 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.19% of Immersion worth $466,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 60.57% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Immersion from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

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.