17.7% Stake of Concurrent Computer Corporation (CCUR) Maintained by Singer Julian D.

Singer Julian D.

recently stated that they own 17.7% of Concurrent Computer Corporation (NASDAQ:CCUR) in a Schedule 13D/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Thursday, November 2nd. The investor owns 1,753,331 shares of the stock worth approximately $10,747,919. The reporting parties listed on the disclosure included Julian Singer and Jds1, LLC. The disclosure is available through EDGAR at this link.

Singer Julian D.

provided the following explanation of their ownership:

Item 4 of the Statement is hereby amended to add the following:
The purpose of this filing is to report that, as reported by the Issuer on October 26,2017, on October 26,2017, the Reporting Person was given a Consent and Limited Waiver (attached as Exhibit 10.1 to that certain Form 8k filed by the Issuer on October 26,2017) (the “Consent and Limited Waiver”). The Consent and Limited Waiver provides that so long as (i) the Reporting Person, JDS1, LLC and their affiliates and associates collectively beneficially own no more than 24.9% of the outstanding shares of the Issuer and (ii) any acquisition of the common stock of the Issuer by the Reporting Person, JDS1, LLC and their affiliates and associates would not reasonably be expected to actually limit the Issuer’s ability to utilize the Issuer’s net operating loss carryforwards under applicable United States, state or foreign tax laws, the Issuer shall not deem the Reporting Person, JDS1, LLC and their affiliates and associates to have effected a Prohibited Transfer as that term is defined in the Issuer’s Restated Certificate of Incorporation.
Except as described above in this Item 4 and herein, Mr. Singer does not currently have any specific plans or proposals that relate to or would result in any of the actions or events specified in clauses (a) through (j) of Item 4 of Schedule 13D. Mr. Singer reserves the right to change plans and take any and all actions that Mr. Singer may deem appropriate to maximize the value of his investments, including, among other things, purchasing or otherwise acquiring additional securities of the Issuer, selling or otherwise disposing of any securities of the Issuer beneficially owned by him, in each case in the open market or in privately negotiated transactions, or formulating other plans or proposals regarding the Issuer or its securities to the extent deemed advisable by Mr. Singer in light of his general investment policies, market conditions, subsequent developments affecting the Issuer and the general business and future prospects of the Issuer. Mr. Singer may take any other action with respect to the Issuer or any of the Issuer’s debt or equity securities in any manner permitted by applicable law.

Several other large investors have also recently bought and sold shares of CCUR. Algert Global LLC bought a new stake in shares of Concurrent Computer Corporation in the 2nd quarter valued at $361,000. Bard Associates Inc. bought a new stake in shares of Concurrent Computer Corporation in the 2nd quarter valued at $1,348,000. Finally, Foundry Partners LLC boosted its stake in shares of Concurrent Computer Corporation by 8.3% in the 3rd quarter. Foundry Partners LLC now owns 241,365 shares of the technology company’s stock valued at $1,448,000 after purchasing an additional 18,525 shares during the last quarter. 31.11% of the stock is currently owned by institutional investors.

In other news, major shareholder Julian D. Singer bought 286,040 shares of the firm’s stock in a transaction that occurred on Tuesday, October 17th. The shares were bought at an average cost of $6.24 per share, with a total value of $1,784,889.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Julian D. Singer bought 66,040 shares of the firm’s stock in a transaction that occurred on Monday, October 16th. The stock was purchased at an average cost of $6.22 per share, for a total transaction of $410,768.80. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 393,518 shares of company stock worth $2,453,403. 6.00% of the stock is owned by insiders.

Concurrent Computer Corporation (NASDAQ:CCUR) last issued its earnings results on Thursday, September 7th. The technology company reported ($0.10) EPS for the quarter. Concurrent Computer Corporation had a negative return on equity of 25.04% and a net margin of 55.12%. The firm had revenue of $7.85 million during the quarter.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Thursday, December 14th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 7.83%. The ex-dividend date of this dividend is Wednesday, December 13th. Concurrent Computer Corporation’s payout ratio is 15.79%.

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Concurrent Computer Corporation 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.

Institutional Ownership by Quarter for Concurrent Computer Corporation (NASDAQ:CCUR)

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