Concurrent Computer Corporation (CCUR) Major Shareholder Buys $257,744.36 in Stock
Concurrent Computer Corporation (NASDAQ:CCUR) major shareholder Julian D. Singer bought 41,438 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were acquired at an average cost of $6.22 per share, with a total value of $257,744.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Concurrent Computer Corporation (NASDAQ:CCUR) last issued its quarterly earnings results on Thursday, September 7th. The technology company reported ($0.10) earnings per share (EPS) for the quarter. Concurrent Computer Corporation had a net margin of 55.12% and a negative return on equity of 25.04%. The business had revenue of $7.85 million during the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 7.83%. The ex-dividend date of this dividend is Wednesday, December 13th. Concurrent Computer Corporation’s dividend payout ratio (DPR) is presently 15.79%.
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Institutional investors and hedge funds have recently modified their holdings of the business. Algert Global LLC acquired a new position in Concurrent Computer Corporation in the second quarter valued at approximately $361,000. Bard Associates Inc. acquired a new position in Concurrent Computer Corporation in the second quarter valued at approximately $1,348,000. Finally, Foundry Partners LLC lifted its stake in Concurrent Computer Corporation by 8.3% in the third quarter. Foundry Partners LLC now owns 241,365 shares of the technology company’s stock valued at $1,448,000 after buying an additional 18,525 shares during the period. 31.11% of the stock is currently owned by hedge funds and other institutional investors.
Concurrent Computer Corporation Company Profile
Concurrent Computer Corporation is a software and solutions company that develops applications on storage technologies. The Company’s operates through content delivery segment, which include software, hardware and services for streaming video content to various consumer devices and storing and managing content in the network.
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