Rep. Debbie Wasserman Schultz Sells Off Shares of Hurco Companies, Inc. (NASDAQ:HURC)

Representative Debbie Wasserman Schultz (D-Florida) recently sold shares of Hurco Companies, Inc. (NASDAQ:HURC). In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Hurco Companies stock on February 6th.

Hurco Companies Stock Performance

Hurco Companies stock opened at $17.26 on Friday. The business’s 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $20.12. The company has a market cap of $114.68 million, a PE ratio of -6.74 and a beta of 0.42. Hurco Companies, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $24.09.

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

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Hurco Companies from a “hold” rating to a “sell” rating in a research note on Tuesday, March 4th.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation lifted its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies makes up 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest position. George Kaiser Family Foundation owned about 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities & Exchange Commission. 74.36% of the stock is currently owned by institutional investors.

Insider Transactions at Hurco Companies

In related news, major shareholder Polar Asset Management Partner sold 4,510 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was 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 owns 782,070 shares of the company’s stock, valued at approximately $17,698,244.10. This represents a 0.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 8.70% of the company’s stock.

About Representative Wasserman Schultz

Debbie Wasserman Schultz (Democratic Party) is a member of the U.S. House, representing Florida’s 25th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027.

Wasserman Schultz (Democratic Party) is running for re-election to the U.S. House to represent Florida’s 25th Congressional District. She declared candidacy for the 2026 election.

Debbie Wasserman Schultz was born in Forest Hills, New York. Wasserman Schultz graduated from Half Hollow Hills High School East in 1984. She earned a B.A. and M.A. from the University of Florida in 1988 and 1990, respectively. Wasserman Schultz’s career experience includes working as a staffer to former U.S. Representative Peter Deutsch.

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.