Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $47,340.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $15.78, for a total value of $47,340.00. Following the sale, the insider now owns 772,582 shares of the company’s stock, valued at approximately $12,191,343.96. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

• On Wednesday, March 26th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The shares were sold at an average price of $15.50, for a total transaction of $46,500.00.
• On Tuesday, February 18th, Polar Asset Management Partner sold 3,395 shares of Hurco Companies stock. The stock was sold at an average price of $22.62, for a total transaction of $76,794.90.
• On Thursday, February 13th, Polar Asset Management Partner sold 4,510 shares of Hurco Companies stock. The shares were sold at an average price of $22.63, for a total transaction of $102,061.30.

Hurco Companies Stock Performance

HURC opened at $15.62 on Friday. The firm has a market cap of $101.28 million, a P/E ratio of -6.10 and a beta of 0.42. The business has a 50 day moving average price of $19.20 and a 200 day moving average price of $19.97. Hurco Companies, Inc. has a twelve month low of $14.83 and a twelve month high of $23.76.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%. The firm had revenue of $46.41 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Hurco Companies from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC raised its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

About Hurco Companies

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.