Immersion Co. Plans Quarterly Dividend of $0.05 (NASDAQ:IMMR)

Immersion Co. (NASDAQ:IMMR - Get Free Report) announced a quarterly dividend on Monday, March 10th, Wall Street Journal reports. Shareholders of record on Monday, April 14th will be paid a dividend of 0.045 per share by the software maker on Friday, April 25th. This represents a $0.18 dividend on an annualized basis and a yield of 2.37%. The ex-dividend date is Monday, April 14th.

Immersion Price Performance

IMMR traded up $0.16 during trading on Friday, reaching $7.60. 499,677 shares of the company traded hands, compared to its average volume of 522,467. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.94 and a current ratio of 1.65. Immersion has a 12-month low of $7.06 and a 12-month high of $13.94. The firm has a fifty day simple moving average of $8.31 and a 200 day simple moving average of $8.61. The company has a market cap of $245.30 million, a P/E ratio of 2.71 and a beta of 1.55.

Immersion (NASDAQ:IMMR - Get Free Report) last posted its earnings results on Wednesday, March 12th. The software maker reported $0.47 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.33. Immersion had a net margin of 11.79% and a return on equity of 28.08%. The firm had revenue of $474.76 million during the quarter, compared to analyst estimates of $9.45 million. On average, equities analysts forecast that Immersion will post 1.57 EPS for the current year.

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Insider Transactions at Immersion

In other news, Director Toro 18 Holdings Llc acquired 59,146 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $8.49 per share, for a total transaction of $502,149.54. Following the completion of the acquisition, the director now directly owns 11,065,848 shares of the company's stock, valued at $93,949,049.52. The trade was a 0.54 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.50% of the company's stock.

Analyst Upgrades and Downgrades

IMMR has been the subject of a number of recent research reports. BWS Financial reissued a "buy" rating and issued a $13.50 target price on shares of Immersion in a report on Thursday. Craig Hallum lowered their price target on Immersion from $14.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday.

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.