Immersion Co. (NASDAQ:IMMR) Insider Eric Singer buys 55,110 shares

Immersion Co. (NASDAQ: IMMR – Get a rating) insider Eric Singer bought 55,110 shares of the company in a transaction on Monday, August 22. The shares were acquired at an average cost of $5.28 per share, with a total value of $290,980.80. Following the acquisition, the insider now directly owns 621,356 shares of the company, valued at $3,280,759.68. The transaction was disclosed in an SEC filing, which is available via this hyperlink.

Eric Singer also recently made the following trade(s):

  • On Thursday August 18, Eric Singer purchased 64,007 shares of Immersion. The shares were acquired at an average cost of $5.15 per share, with a total value of $329,636.05.

Immersion Stock Performance

Shares of NASDAQ IMMR traded at $0.29 midday on Monday, hitting $5.58. The company had a trading volume of 504,924 shares, compared to an average volume of 378,111 shares. Immersion Co. has a 1-year low of $4.28 and a 1-year high of $9.78. The company has a market capitalization of $187.00 million, a price/earnings ratio of 21.46 and a beta of 1.62. The company’s 50-day simple moving average is $5.54 and its 200-day simple moving average is $5.28.

Changes to analyst ratings

Several research analysts have weighed in on the company. Craig Hallum lowered his price target on Immersion from $12.00 to $10.00 and set a “buy” rating on the stock in a Tuesday, June 7 research report. StockNews.com upgraded Immersion from a “buy” rating to a “hold” rating in a Monday, August 15 research report.

Institutional immersion trading

Hedge funds have recently changed their positions in the business. Trexquant Investment LP increased its stake in Immersion by 23.3% in the second quarter. Trexquant Investment LP now owns 17,287 shares of the software maker worth $92,000 after buying 3,272 additional shares last quarter. Retirement Planning Co of New England Inc. bought a new position in Immersion stock during Q4 for $31,000. Bank of New York Mellon Corp increased its stake in Immersion by 3.5% in the first quarter. Bank of New York Mellon Corp now owns 182,342 shares of the software maker worth $1,014,000 after buying an additional 6,244 shares last quarter. Northern Trust Corp increased its stake in Immersion by 12.0% during the second quarter. Northern Trust Corp now owns 81,561 shares of the software maker worth $436,000 after buying an additional 8,712 shares last quarter. Finally, InterOcean Capital Group LLC bought a new position in Immersion in Q1 worth around $56,000. 50.49% of the shares are held by institutional investors and hedge funds.

About Immersion

(Get a rating)

Immersion Corporation, together with its subsidiaries, invents, scales and licenses haptic technologies that enable people to use their sense of touch to interact with and experience various digital products in North America , Europe and Asia. The company provides combined technologies, patents and licenses.

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