Immersion Corporation (IMMR) to Distribute Quarterly Dividend of $0.07 on July 31st

Immersion Corporation (NASDAQ:IMMR) announced a quarterly dividend on Thursday, July 2nd. Investors of record on Monday, July 20th will be paid a dividend of 0.075 per share by the software maker on Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, July 20th.

Immersion Price Performance

IMMR opened at $6.78 on Friday. The business’s 50-day moving average is $6.45 and its two-hundred day moving average is $6.35. Immersion has a 1 year low of $5.25 and a 1 year high of $8.15. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.83 and a quick ratio of 1.16. The firm has a market capitalization of $224.42 million, a PE ratio of 339.00 and a beta of 1.02.

Immersion (NASDAQ:IMMR) last issued its quarterly earnings data on Friday, May 1st. The software maker reported ($0.31) earnings per share (EPS) for the quarter. The firm had revenue of $518.49 million during the quarter. Immersion had a negative return on equity of 4.54% and a negative net margin of 0.97%. Research analysts anticipate that Immersion will post -0.04 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Immersion

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IMMR. Strs Ohio acquired a new stake in Immersion during the 1st quarter worth about $27,000. Russell Investments Group Ltd. increased its holdings in shares of Immersion by 85.5% in the third quarter. Russell Investments Group Ltd. now owns 4,429 shares of the software maker’s stock valued at $33,000 after purchasing an additional 2,041 shares during the period. Optiver Holding B.V. increased its holdings in shares of Immersion by 1,681.2% in the first quarter. Optiver Holding B.V. now owns 7,855 shares of the software maker’s stock valued at $43,000 after purchasing an additional 7,414 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Immersion by 677.7% in the second quarter. Tower Research Capital LLC TRC now owns 7,738 shares of the software maker’s stock worth $61,000 after purchasing an additional 6,743 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Immersion in the second quarter worth about $80,000. Hedge funds and other institutional investors 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.