Immersion (NASDAQ:IMMR) Share Price Passes Above Two Hundred Day Moving Average of $6.95

Immersion Co. (NASDAQ:IMMR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.95 and traded as high as $7.26. Immersion shares last traded at $7.25, with a volume of 371,854 shares trading hands.

Analyst Ratings Changes

IMMR has been the topic of a number of recent analyst reports. StockNews.com raised Immersion from a "hold" rating to a "buy" rating in a research report on Friday, March 8th. BWS Financial reaffirmed a "buy" rating and set a $11.00 target price on shares of Immersion in a research report on Thursday, April 18th.

Immersion Trading Up 0.3 %

The company has a market cap of $230.46 million, a PE ratio of 7.06 and a beta of 1.49. The firm's 50-day simple moving average is $7.27 and its two-hundred day simple moving average is $6.95.

Immersion (NASDAQ:IMMR - Get Free Report) last posted its quarterly earnings data on Thursday, March 7th. The software maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.19 by $0.30. The business had revenue of $10.38 million during the quarter, compared to the consensus estimate of $9.25 million. Immersion had a net margin of 100.17% and a return on equity of 19.75%. As a group, analysts predict that Immersion Co. will post 1.14 EPS for the current year.

Immersion Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Friday, April 12th were paid a dividend of $0.045 per share. The ex-dividend date was Thursday, April 11th. This represents a $0.18 annualized dividend and a yield of 2.48%. Immersion's payout ratio is presently 17.48%.

Insider Transactions at Immersion

In related news, Director Elias Nader sold 13,000 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $8.22, for a total value of $106,860.00. Following the sale, the director now owns 29,266 shares in the company, valued at $240,566.52. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.50% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IMMR. Principal Financial Group Inc. purchased a new position in shares of Immersion during the 1st quarter valued at about $382,000. Prairiewood Capital LLC purchased a new position in Immersion during the first quarter valued at approximately $209,000. Assenagon Asset Management S.A. acquired a new position in Immersion in the first quarter valued at approximately $134,000. Tower Research Capital LLC TRC lifted its holdings in Immersion by 288.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 4,142 shares of the software maker's stock valued at $29,000 after acquiring an additional 3,076 shares during the period. Finally, Campbell & CO Investment Adviser LLC boosted its position in Immersion by 1.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 104,834 shares of the software maker's stock worth $740,000 after purchasing an additional 1,757 shares in the last quarter. 60.57% of the stock is currently owned by institutional investors and hedge funds.

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.