CCUR Holdings, Inc. (NASDAQ:CCUR) major shareholder Julian D. Singer acquired 51,418 shares of the stock in a transaction dated Monday, March 12th. The stock was bought at an average cost of $5.58 per share, with a total value of $286,912.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of CCUR Holdings, Inc. (NASDAQ:CCUR) traded down $0.03 during trading on Tuesday, hitting $5.47. The stock had a trading volume of 39,167 shares, compared to its average volume of 53,764. The stock has a market capitalization of $55.23, a P/E ratio of 1.70 and a beta of 0.29. CCUR Holdings, Inc. has a 12-month low of $4.63 and a 12-month high of $7.10.
CCUR announced that its Board of Directors has approved a stock repurchase program on Monday, March 5th that authorizes the company to repurchase 1,000,000 shares. This repurchase authorization authorizes the technology company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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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