Concurrent Computer Corp (CCUR) Major Shareholder Purchases $238,636.44 in Stock

Concurrent Computer Corp (NASDAQ:CCUR) major shareholder Julian D. Singer purchased 42,462 shares of the business’s stock in a transaction dated Monday, December 18th. The stock was bought at an average price of $5.62 per share, for a total transaction of $238,636.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Concurrent Computer Corp (NASDAQ CCUR) opened at $5.80 on Friday. Concurrent Computer Corp has a fifty-two week low of $4.63 and a fifty-two week high of $7.10.

Concurrent Computer (NASDAQ:CCUR) last announced its quarterly earnings results on Monday, November 13th. The technology company reported ($0.11) earnings per share (EPS) for the quarter. Concurrent Computer had a net margin of 65.52% and a negative return on equity of 12.99%. The company had revenue of $7.87 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Stockholders of record on Thursday, December 14th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, December 13th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 8.28%. Concurrent Computer’s dividend payout ratio is presently 14.77%.

An institutional investor recently raised its position in Concurrent Computer stock. Foundry Partners LLC grew its stake in Concurrent Computer Corp (NASDAQ:CCUR) by 8.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 241,365 shares of the technology company’s stock after acquiring an additional 18,525 shares during the quarter. Foundry Partners LLC owned about 2.58% of Concurrent Computer worth $1,448,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 30.40% of the company’s stock.

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Concurrent Computer 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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