Julian D. Singer Buys 184,600 Shares of CCUR Holdings, Inc. (CCUR) Stock

CCUR Holdings, Inc. (NASDAQ:CCUR) major shareholder Julian D. Singer bought 184,600 shares of the firm’s stock in a transaction that occurred on Friday, June 22nd. The stock was bought at an average cost of $5.30 per share, for a total transaction of $978,380.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CCUR opened at $5.29 on Wednesday. CCUR Holdings, Inc. has a 1 year low of $4.62 and a 1 year high of $6.90.

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CCUR announced that its board has initiated a stock buyback program on Monday, March 5th that authorizes the company to repurchase 1,000,000 outstanding shares. This repurchase authorization authorizes the technology company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

A hedge fund recently raised its stake in CCUR stock. Geode Capital Management LLC increased its stake in CCUR Holdings, Inc. (NASDAQ:CCUR) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 85,208 shares of the technology company’s stock after acquiring an additional 42,604 shares during the period. Geode Capital Management LLC owned approximately 0.86% of CCUR worth $490,000 as of its most recent SEC filing. Institutional investors own 29.13% of the company’s stock.

About CCUR

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.