Immersion Co. (NASDAQ:IMMR – Get Free Report) declared a quarterly dividend on Wednesday, May 8th, Zacks reports. Shareholders of record on Monday, July 8th will be given a dividend of 0.045 per share by the software maker on Friday, July 26th. This represents a $0.18 annualized dividend and a yield of 2.18%. The ex-dividend date is Monday, July 8th.
Immersion Stock Up 2.2 %
Shares of NASDAQ:IMMR traded up $0.18 during midday trading on Friday, reaching $8.26. The company’s stock had a trading volume of 321,461 shares, compared to its average volume of 494,554. The firm has a market cap of $261.85 million, a price-to-earnings ratio of 8.06 and a beta of 1.46. Immersion has a 1 year low of $5.94 and a 1 year high of $8.62. The business has a 50 day moving average price of $7.36 and a 200 day moving average price of $6.98.
Immersion (NASDAQ:IMMR – Get Free Report) last announced its quarterly earnings data on Thursday, March 7th. The software maker reported $0.49 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 19.75% and a net margin of 100.17%. Sell-side analysts anticipate that Immersion will post 1.14 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
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Insider Activity at Immersion
In related news, Director Elias Nader sold 13,000 shares of Immersion stock in a transaction 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 transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. 5.50% of the stock is owned by insiders.
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.
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