Vanguard Group Inc. reduced its holdings in shares of Concurrent Computer Corp (NASDAQ:CCUR) by 4.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 445,547 shares of the technology company’s stock after selling 20,727 shares during the period. Vanguard Group Inc. owned about 4.81% of Concurrent Computer worth $3,003,000 at the end of the most recent quarter.
Separately, Bard Associates Inc. bought a new stake in shares of Concurrent Computer during the 2nd quarter worth approximately $1,348,000. Hedge funds and other institutional investors own 30.40% of the company’s stock.
Shares of Concurrent Computer Corp (NASDAQ CCUR) opened at $6.03 on Wednesday. Concurrent Computer Corp has a one year low of $4.63 and a one year high of $7.10.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, December 14th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend is Wednesday, December 13th. Concurrent Computer’s dividend payout ratio (DPR) is presently -61.54%.
In other news, major shareholder Julian D. Singer bought 41,438 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was acquired at an average cost of $6.22 per share, with a total value of $257,744.36. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Julian D. Singer bought 286,040 shares of the firm’s stock in a transaction on Tuesday, October 17th. The shares were purchased at an average cost of $6.24 per share, with a total value of $1,784,889.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 412,609 shares of company stock valued at $2,569,059. 6.00% of the stock is currently owned by corporate insiders.
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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