On February 1, Dennis Polk, a director at the company, decided to sell 10,000 of the Concentrix Co (NASDAQ: CNXC) shares that belong to his company.
The shares were sold for a total price of $1,409,700.00, based on an average price of $140.97 per share.
The price was determined by multiplying the number of shares sold by this average price.
After the transaction was finalized, the director was vested with ownership of 15,507 company shares, which have a total value of approximately $2,186,021.79.
The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC.
Additionally, Dennis Polk has just recently completed the following transaction(s):
On Friday, 153,230 CNXC shares were traded, lower than the 255,088 shares typically traded daily.
Because of this, the stock price dropped by $1.54, bringing it down to $149.86.
The debt-to-equity ratio, the current ratio, and the quick ratio all come in at respective values of 0.83, 1.55, and 1.67.
The stock’s current price is $132.34, which is higher than its simple moving average of the past 50 days, which stands at $127.03 but is still lower than the average over the past 200 days.
The company has a PE ratio of 18.29, a P/E/G ratio of 1.41, and a beta value of 0.56; its market capitalization is currently at $7.80 billion. Concentrix Company has seen a one-year low of $108.57, while the company has a one-year high of $208.48 during the same period.
In addition, the company disclosed that it would be implementing a quarterly dividend, which is scheduled to be paid out on February 10.
Those shareholders who still held their shares as of January 30 would receive a $0.275 dividend payment per share if they were eligible for the payment.
This dividend will be payable to shareholders whose accounts are in good standing as of this coming Friday, January 27.
This equates to an annual dividend payment of $1.10 and a yield of 0.73 percent when expressed annually. Concentrix’s payout percentage is 13.29%.
CNXC shares have been the target of several hedge funds’ recent buying and selling activity.
Assetmark INC increased the amount of Concentrix stock owned by 19.0% during the second quarter.
After making an additional purchase of 273 shares during the most recent quarter, Assetmark INC now has 1,713 shares of the company’s stock in its possession.
The current value of all of Assetmark INC’s stock on the market is 232 thousand dollars.
During the third quarter, Prudential Financial INC increased the proportion of Concentrix stock owned by one-hundredth of one percent.
Prudential Financial INC now has a total of 64,664 shares in the company, valued at $7,098,000 due to the purchase of an additional 671 shares in the company during the most recent fiscal quarter.
This brings the company’s total number of shares to 64,664. Rhumbline Advisers increased the proportion of Concentrix shares it owned by 9.3% during the second quarter.
As a result of the recent purchase of 10,360 additional shares during the most recent quarter, Rhumbline Advisers now owns a total of 121,328 shares of the company, the value of which is equal to $16,457,000.
These 121,328 shares are currently valued at $16,457,000.
The Texas Permanent School Fund increased the amount of Concentrix stock owned by 2.2% during the second quarter of the fiscal year.
The Texas Permanent School Fund now owns 31,097 shares after purchasing an additional 682 shares during the most recent quarter.
This brings the total number of shares directly owned by the fund to 31,097.
These shares have a value of $4,218,000 collectively.
In the second quarter, the North Carolina State Treasurer’s Office increased Concentrix stock by 9.6 percent.
This was the last and most important item on the agenda.
After making an additional purchase of 1,598 shares of the company’s stock during the most recent period, the Treasurer of the State of North Carolina now has a total of 18,256 shares of the company’s stock, which are currently valued at $2,476,000.
This brings the Treasurer’s total number of shares owned in the company up to a value of $2,476,000.
Institutional investors and hedge funds jointly own 92.31% of the total number of shares of the company, making them the company’s largest shareholders.
A research note published by TheStreet on January 12 increased Concentrix’s rating from “c” to “b-.” This is a separate development from the previous one.
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