Pacific Ridge Capital Partners LLC Grows Stake in Hurco Companies, Inc. (NASDAQ:HURC)

Pacific Ridge Capital Partners LLC raised its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor 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’s holdings in Hurco Companies were worth $3,645,000 at the end of the most recent quarter.

Insider Activity at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 3,395 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total value of $76,794.90. Following the sale, the insider now directly owns 775,582 shares of the company’s stock, valued at $17,543,664.84. This represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 10,905 shares of company stock worth $226,196 over the last ninety days. 8.70% of the stock is owned by corporate insiders.

Hurco Companies Trading Down 0.1 %

Shares of HURC opened at $15.50 on Thursday. Hurco Companies, Inc. has a 1-year low of $14.83 and a 1-year high of $23.76. The firm’s 50-day moving average price is $19.33 and its 200-day moving average price is $20.01. The firm has a market capitalization of $100.50 million, a price-to-earnings ratio of -6.05 and a beta of 0.42.

Hurco Companies (NASDAQ:HURC) last posted 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 net margin of 8.90% and a negative return on equity of 7.78%. The firm had revenue of $46.41 million for the quarter.

Wall Street Analysts Forecast Growth

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

Hurco Companies Profile

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.