Polar Asset Management Partner Sells 4,510 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 4,510 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $22.63, for a total value of $102,061.30. Following the completion of the transaction, the insider now directly owns 782,070 shares in the company, valued at $17,698,244.10. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Hurco Companies Stock Performance

Shares of Hurco Companies stock traded down $0.34 during trading on Tuesday, hitting $22.16. 57,444 shares of the company’s stock were exchanged, compared to its average volume of 20,540. Hurco Companies, Inc. has a 52-week low of $14.82 and a 52-week high of $28.20. The stock has a market capitalization of $147.14 million, a price-to-earnings ratio of -8.66 and a beta of 0.43. The business has a 50-day simple moving average of $20.25 and a 200-day simple moving average of $19.92.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation lifted its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the period. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 17th biggest holding. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. 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.