CCUR Holdings, Inc. (NASDAQ:CCUR) major shareholder Julian D. Singer acquired 10,100 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were bought at an average cost of $5.30 per share, with a total value of $53,530.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of CCUR traded down $0.47, reaching $4.85, during mid-day trading on Thursday, according to Marketbeat. CCUR Holdings, Inc. has a 1 year low of $4.62 and a 1 year high of $6.98.
CCUR announced that its board has initiated a share repurchase program on Monday, March 5th that authorizes the company to buyback 1,000,000 shares. This buyback authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.
An institutional investor recently raised its position in CCUR stock. Geode Capital Management LLC boosted its holdings in CCUR Holdings, Inc. (NASDAQ:CCUR) by 100.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,208 shares of the technology company’s stock after purchasing an additional 42,604 shares during the period. Geode Capital Management LLC owned approximately 0.86% of CCUR worth $490,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 29.13% of the company’s stock.
CCUR Company Profile
CCUR Holdings, Inc, formerly Concurrent Computer Corporation, is in the process of evaluating opportunities intended to maximize the value of its remaining assets. This will include the evaluation of opportunities to invest in or acquire one or more operating businesses.
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