Concurrent Computer Corp (NASDAQ:CCUR) major shareholder Julian D. Singer acquired 21,202 shares of the stock in a transaction dated Thursday, December 14th. The shares were bought at an average cost of $5.84 per share, with a total value of $123,819.68. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Concurrent Computer Corp (NASDAQ:CCUR) traded down $0.05 during mid-day trading on Friday, hitting $5.67. 100,078 shares of the stock traded hands, compared to its average volume of 33,154. Concurrent Computer Corp has a 52 week low of $4.63 and a 52 week high of $7.10.
Concurrent Computer (NASDAQ:CCUR) last issued its quarterly earnings data on Monday, November 13th. The technology company reported ($0.11) earnings per share (EPS) for the quarter. Concurrent Computer had a negative return on equity of 12.99% and a net margin of 65.52%. The company had revenue of $7.87 million for the quarter.
A hedge fund recently raised its stake in Concurrent Computer stock. Foundry Partners LLC boosted its holdings in Concurrent Computer Corp (NASDAQ:CCUR) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 241,365 shares of the technology company’s stock after purchasing an additional 18,525 shares during the period. Foundry Partners LLC owned about 2.58% of Concurrent Computer worth $1,448,000 as of its most recent filing with the Securities and Exchange Commission. 30.40% of the stock is owned by institutional investors.
About Concurrent Computer
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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