Immersion Corporation (NASDAQ:IMMR - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.84 and traded as high as $7.86. Immersion shares last traded at $7.77, with a volume of 295,903 shares trading hands.
Wall Street Analyst Weigh In
Separately, Wall Street Zen lowered Immersion from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.
Read Our Latest Report on Immersion
Immersion Stock Performance
The stock has a market capitalization of $254.50 million, a PE ratio of 2.83 and a beta of 1.41. The company has a current ratio of 1.72, a quick ratio of 1.04 and a debt-to-equity ratio of 0.25. The firm's fifty day moving average is $7.70 and its 200-day moving average is $7.83.
Immersion Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 8th. Stockholders of record on Wednesday, July 23rd will be paid a dividend of $0.045 per share. This represents a $0.18 annualized dividend and a dividend yield of 2.29%. The ex-dividend date of this dividend is Wednesday, July 23rd. Immersion's dividend payout ratio (DPR) is presently 6.47%.
Insider Activity at Immersion
In related news, CFO J Michael Dodson sold 5,921 shares of the company's stock in a transaction 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 transaction, the chief financial officer owned 39,132 shares of the company's stock, valued at $294,663.96. This represents a 13.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.50% of the stock is owned by company insiders.
Institutional Trading of Immersion
Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC lifted its position 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 worth $26,000 after buying an additional 2,990 shares during the period. GAMMA Investing LLC grew its stake in Immersion by 509.9% during the 1st quarter. GAMMA Investing LLC now owns 6,087 shares of the software maker's stock valued at $460,000 after purchasing an additional 5,089 shares in the last quarter. Quarry LP acquired a new stake in Immersion during the 4th quarter valued at approximately $54,000. AlphaQuest LLC acquired a new stake in Immersion during the 4th quarter valued at approximately $61,000. Finally, Legal & General Group Plc grew its stake in Immersion by 44.2% during the 4th quarter. Legal & General Group Plc now owns 7,910 shares of the software maker's stock valued at $69,000 after purchasing an additional 2,425 shares in the last quarter. Institutional investors and hedge funds own 60.57% of the company's stock.
Immersion Company Profile
(
Get Free Report)
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.
Further Reading
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