Immersion Co. (NASDAQ:IMMR – Get Rating) insider William C. Martin acquired 10,000 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were purchased at an average cost of $5.61 per share, for a total transaction of $56,100.00. Following the completion of the acquisition, the insider now directly owns 432,831 shares in the company, valued at $2,428,181.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of NASDAQ IMMR traded down $0.01 during mid-day trading on Wednesday, reaching $5.55. 187,562 shares of the company’s stock were exchanged, compared to its average volume of 413,347. The firm has a market capitalization of $186.56 million, a price-to-earnings ratio of 11.56 and a beta of 1.75. Immersion Co. has a 52 week low of $4.28 and a 52 week high of $9.78. The firm has a 50-day moving average price of $5.08 and a two-hundred day moving average price of $5.32.

Immersion (NASDAQ:IMMR – Get Rating) last released its earnings results on Thursday, May 12th. The software maker reported $0.17 EPS for the quarter. The company had revenue of $7.31 million for the quarter. Immersion had a return on equity of 16.47% and a net margin of 44.06%.

IMMR has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of Immersion from a “hold” rating to a “sell” rating in a report on Monday, February 28th. StockNews.com raised shares of Immersion from a “hold” rating to a “buy” rating in a report on Tuesday, May 24th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invenomic Capital Management LP raised its stake in Immersion by 79.9% in the 4th quarter. Invenomic Capital Management LP now owns 1,698,555 shares of the software maker’s stock valued at $9,698,000 after acquiring an additional 754,286 shares during the period. Vanguard Group Inc. raised its stake in Immersion by 5.3% in the 1st quarter. Vanguard Group Inc. now owns 1,399,161 shares of the software maker’s stock valued at $7,780,000 after acquiring an additional 70,196 shares during the period. Millennium Management LLC raised its stake in Immersion by 287.0% in the 4th quarter. Millennium Management LLC now owns 1,264,364 shares of the software maker’s stock valued at $7,220,000 after acquiring an additional 937,629 shares during the period. Portolan Capital Management LLC raised its stake in Immersion by 67.3% in the 1st quarter. Portolan Capital Management LLC now owns 1,264,245 shares of the software maker’s stock valued at $7,029,000 after acquiring an additional 508,552 shares during the period. Finally, Royce & Associates LP grew its holdings in Immersion by 6.7% during the 1st quarter. Royce & Associates LP now owns 1,104,462 shares of the software maker’s stock valued at $6,141,000 after buying an additional 69,800 shares in the last quarter. Institutional investors own 50.49% of the company’s stock.

About Immersion (Get Rating)

Immersion Corporation, together with its subsidiaries, invents, scales, and licenses 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.

Featured Stories

Receive News & Ratings for Immersion Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Immersion and related companies with MarketBeat.com’s FREE daily email newsletter.