Investors Buy Large Volume of Immersion Put Options (NASDAQ:IMMR)

Immersion Co. (NASDAQ:IMMR - Get Free Report) saw unusually large options trading activity on Tuesday. Stock investors acquired 3,000 put options on the stock. This is an increase of approximately 171% compared to the average volume of 1,108 put options.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. StockNews.com upgraded Immersion from a "hold" rating to a "buy" rating in a research report on Thursday, August 29th. BWS Financial restated a "buy" rating and set a $13.50 price target on shares of Immersion in a report on Wednesday, December 18th.

Immersion Trading Up 3.1 %

IMMR traded up $0.27 during trading on Tuesday, reaching $8.95. 315,507 shares of the stock traded hands, compared to its average volume of 712,977. The company has a quick ratio of 0.72, a current ratio of 1.55 and a debt-to-equity ratio of 0.44. The stock's 50-day moving average is $8.75 and its 200 day moving average is $9.55. Immersion has a 12 month low of $6.54 and a 12 month high of $13.94. The stock has a market capitalization of $288.87 million, a PE ratio of 4.37 and a beta of 1.51.

Immersion (NASDAQ:IMMR - Get Free Report) last announced its earnings results on Monday, December 16th. The software maker reported $0.83 EPS for the quarter, beating the consensus estimate of $0.15 by $0.68. Immersion had a return on equity of 27.05% and a net margin of 40.62%. Equities analysts anticipate that Immersion will post 1.96 earnings per share for the current year.

Immersion Announces Dividend

The business also recently disclosed a None dividend, which will be paid on Friday, January 24th. Stockholders of record on Friday, January 10th will be paid a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion's dividend payout ratio is currently 6.43%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Immersion by 10.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker's stock worth $116,000 after purchasing an additional 1,139 shares in the last quarter. Rhumbline Advisers boosted its holdings in Immersion by 2.7% in the second quarter. Rhumbline Advisers now owns 50,670 shares of the software maker's stock worth $477,000 after acquiring an additional 1,322 shares in the last quarter. Hanseatic Management Services Inc. grew its stake in Immersion by 2.6% in the third quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker's stock valued at $488,000 after acquiring an additional 1,411 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Immersion by 2.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker's stock valued at $775,000 after acquiring an additional 2,416 shares in the last quarter. Finally, Quarry LP acquired a new position in shares of Immersion during the second quarter worth approximately $26,000. 60.57% of the stock is owned by institutional investors.

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.