Immersion Sees Unusually Large Options Volume (NASDAQ:IMMR)

Immersion Co. (NASDAQ:IMMR) was the target of some unusual options trading on Tuesday. Stock traders purchased 3,000 put options on the stock. This is an increase of approximately 171% compared to the typical volume of 1,108 put options.

Immersion Stock Performance

Immersion stock opened at $8.95 on Thursday. Immersion has a fifty-two week low of $6.54 and a fifty-two week high of $13.94. The company has a market capitalization of $288.87 million, a PE ratio of 4.37 and a beta of 1.51. The company has a 50 day moving average price of $8.78 and a 200-day moving average price of $9.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.72 and a current ratio of 1.55.

Immersion (NASDAQ:IMMR) last posted its earnings results on Monday, December 16th. The software maker reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.68. Immersion had a return on equity of 27.05% and a net margin of 40.62%. As a group, equities analysts forecast that Immersion will post 1.96 earnings per share for the current year.

Immersion Announces Dividend

The company also recently announced a None dividend, which will be paid on Friday, January 24th. Investors of record on Friday, January 10th will be given a $0.245 dividend. The ex-dividend date is Friday, January 10th. Immersion’s dividend payout ratio is currently 6.43%.

Hedge Funds Weigh In On Immersion

Several institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company grew its holdings in Immersion by 10.2% in the second quarter. The Manufacturers Life Insurance Company now owns 12,315 shares of the software maker’s stock valued at $116,000 after purchasing an additional 1,139 shares during the period. Rhumbline Advisers boosted its holdings in shares of Immersion by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 50,670 shares of the software maker’s stock worth $477,000 after purchasing an additional 1,322 shares during the last quarter. Hanseatic Management Services Inc. grew its holdings in Immersion by 2.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 54,679 shares of the software maker’s stock valued at $488,000 after buying an additional 1,411 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Immersion by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 86,910 shares of the software maker’s stock valued at $775,000 after purchasing an additional 2,416 shares during the period. Finally, Quarry LP acquired a new stake in shares of Immersion during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 60.57% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on IMMR. BWS Financial reaffirmed a “buy” rating and issued a $13.50 price objective on shares of Immersion in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Immersion from a “hold” rating to a “buy” rating in a research report on Thursday, August 29th.

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.