|Bid||16.69 x 800|
|Ask||16.83 x 800|
|Day's Range||16.29 - 16.90|
|52 Week Range||8.37 - 18.41|
|Beta (5Y Monthly)||1.69|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 04, 2021 - May 10, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jan 09, 2008|
|1y Target Est||20.00|
Ancora Holdings, Inc. (together with its affiliates, "Ancora"), which collectively with the other participants in its solicitation beneficially owns approximately 3.4% of the outstanding common stock of Blucora, Inc. (NASDAQ: BCOR) ("Blucora" or the "Company"), today announced that Institutional Shareholder Services Inc. ("ISS") is recommending that stockholders vote for change on the WHITE proxy card. In its report, ISS has endorsed Ancora’s case for boardroom change, recommended for the election of wealth management expert and stockholder representative Fredrick D. DiSanto, and only recommends re-electing six current, unopposed members of the Board of Directors (the "Board"). In addition, Glass, Lewis & Co., LLC ("Glass Lewis") has released a report that acknowledges Ancora raises legitimate concerns.
Proxy adviser Institutional Shareholder Services (ISS) on Friday said Blucora Inc shareholders should vote for one of Ancora Holdings Inc's four nominees for the Blucora board after the activist investor urged the company to explore strategic alternatives for the tax services business. "The merits of the issues raised by the dissident lead to a conclusion that change is warranted, specifically in the form of direct shareholder representation in the boardroom," ISS analysts wrote. ISS urges shareholders to vote for Frederick DiSanto, who is chairman and CEO of Cleveland-based Ancora, arguing he is the only one of Ancora's four proposed candidates who has experience serving on a public board.
Proxy advisor Glass, Lewis and Co. on Friday said Blucora, Inc shareholders should vote for the company's directors and reject an activist investor's push to seat four dissident directors and explore strategic alternatives for the tax services business. Glass, Lewis analysts said dissident investor Ancora Holdings Inc's platform "is significantly weighed down by a hit-or-miss strategic plan and a slate of candidates who, for a variety of reasons, do not clearly offer what we consider to be a superior alternative to the status quo." Cleveland-based Ancora, which owns a 3% stake in Irving, Texas-based Blucora, in February nominated directors and urged the company to consider alternatives for its tax services business, including a sale.