Toro 18 Holdings Llc Sells 105,541 Shares of Immersion (NASDAQ:IMMR) Stock

Immersion Corporation (NASDAQ:IMMR) insider Toro 18 Holdings Llc sold 105,541 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $4.63, for a total transaction of $488,654.83. Following the transaction, the insider directly owned 1,101,832 shares in the company, valued at $5,101,482.16. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Toro 18 Holdings Llc also recently made the following trade(s):

• On Thursday, September 10th, Toro 18 Holdings Llc sold 24,459 shares of Immersion stock. The shares were sold at an average price of $4.66, for a total transaction of $113,978.94.
• On Thursday, September 3rd, Toro 18 Holdings Llc sold 3,900 shares of Immersion stock. The stock was sold at an average price of $4.55, for a total transaction of $17,745.00.
• On Wednesday, September 2nd, Toro 18 Holdings Llc sold 42,019 shares of Immersion stock. The stock was sold at an average price of $4.61, for a total value of $193,707.59.
• On Wednesday, August 19th, Toro 18 Holdings Llc sold 8,300 shares of Immersion stock. The shares were sold at an average price of $4.83, for a total value of $40,089.00.
• On Tuesday, August 18th, Toro 18 Holdings Llc sold 15,000 shares of Immersion stock. The shares were sold at an average price of $4.95, for a total value of $74,250.00.
• On Monday, August 17th, Toro 18 Holdings Llc sold 43,596 shares of Immersion stock. The shares were sold at an average price of $5.25, for a total value of $228,879.00.
• On Monday, August 10th, Toro 18 Holdings Llc sold 200,000 shares of Immersion stock. The shares were sold at an average price of $5.22, for a total value of $1,044,000.00.

Immersion Price Performance

Immersion stock opened at $7.40 on Friday. Immersion Corporation has a 12 month low of $5.25 and a 12 month high of $8.05. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.30 and a quick ratio of 1.19. The business has a 50 day simple moving average of $7.28 and a 200-day simple moving average of $6.61. The stock has a market capitalization of $245.61 million, a PE ratio of 52.86 and a beta of 1.02.

Immersion (NASDAQ:IMMR) last posted its quarterly earnings data on Friday, July 24th. The software maker reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.07. The firm had revenue of $270.00 million for the quarter, compared to analyst estimates of $230.00 million. Immersion had a net margin of 0.26% and a return on equity of 0.80%. Equities analysts predict that Immersion Corporation will post 0.26 earnings per share for the current year.

Immersion Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 20th were paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, July 20th. Immersion’s payout ratio is 214.29%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. BWS Financial restated a “buy” rating and issued a $13.50 price objective on shares of Immersion in a research report on Tuesday, July 28th. Weiss Ratings downgraded Immersion from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. Finally, Wall Street Zen raised Immersion from a “sell” rating to a “hold” rating in a report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Immersion currently has a consensus rating of “Hold” and a consensus target price of $13.50.

Institutional Trading of Immersion

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Caitlin John LLC purchased a new stake in Immersion during the second quarter worth about $27,000. Strs Ohio purchased a new position in Immersion in the first quarter valued at about $27,000. Russell Investments Group Ltd. lifted its position in shares of Immersion by 85.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 4,429 shares of the software maker’s stock valued at $33,000 after acquiring an additional 2,041 shares during the period. Persistent Asset Partners Ltd acquired a new stake in shares of Immersion during the 2nd quarter valued at approximately $41,000. Finally, Optiver Holding B.V. boosted its stake in shares of Immersion by 1,681.2% during the 1st quarter. Optiver Holding B.V. now owns 7,855 shares of the software maker’s stock worth $43,000 after acquiring an additional 7,414 shares in the last quarter. Institutional investors and hedge funds own 60.57% of the company’s stock.

Immersion Company Profile

Immersion Corporation is a technology company specializing in the development and licensing of haptic feedback solutions. The company’s proprietary software and hardware technologies enable devices to simulate the sense of touch, enhancing user experiences across a range of electronic products. Immersion’s core offerings include touch-feedback algorithms, software development kits, and reference designs that can be integrated into smartphones, gaming controllers, wearable devices, automotive infotainment systems, medical simulators and virtual or augmented reality platforms.

Since its founding in 1993, Immersion has built an extensive intellectual property portfolio of more than 950 issued patents worldwide.