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

Immersion Co. (NASDAQ:IMMR) declared a quarterly dividend on Thursday, March 13th, 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 dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, April 14th.

Immersion Stock Performance

Shares of Immersion stock opened at $7.60 on Friday. The company has a 50 day moving average of $8.34 and a 200-day moving average of $8.62. Immersion has a 1-year low of $7.06 and a 1-year high of $13.94. The company has a current ratio of 1.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.37. The company has a market cap of $245.30 million, a PE ratio of 2.71 and a beta of 1.55.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings data on Wednesday, March 12th. The software maker reported $0.47 EPS for the quarter, beating the consensus estimate of $0.14 by $0.33. The business had revenue of $474.76 million during the quarter, compared to the consensus estimate of $9.45 million. Immersion had a net margin of 11.79% and a return on equity of 28.08%. As a group, equities research analysts forecast that Immersion will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on IMMR. Craig Hallum cut their price target on shares of Immersion from $14.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday. BWS Financial reaffirmed a “buy” rating and issued a $13.50 price target on shares of Immersion in a research note on Thursday.

Insider Transactions at Immersion

In other Immersion news, Director Toro 18 Holdings Llc bought 59,146 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average cost of $8.49 per share, with a total value of $502,149.54. Following the completion of the transaction, the director now directly owns 11,065,848 shares in the company, valued at approximately $93,949,049.52. The trade was a 0.54 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 5.50% of the stock is currently owned by insiders.

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.