Polar Asset Management Partner Sells 3,000 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of $15.50, for a total value of $46,500.00. Following the completion of the transaction, the insider now directly owns 766,582 shares of the company’s stock, valued at $11,882,021. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Monday, March 24th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The stock was sold at an average price of $15.78, for a total value of $47,340.00.
• On Tuesday, February 18th, Polar Asset Management Partner sold 3,395 shares of Hurco Companies stock. The shares were sold at an average price of $22.62, for a total value 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 Price Performance

HURC opened at $15.62 on Friday. Hurco Companies, Inc. has a 1-year low of $14.83 and a 1-year high of $23.76. The company has a market capitalization of $101.28 million, a price-to-earnings ratio of -6.10 and a beta of 0.42. The business has a 50 day moving average price of $19.20 and a two-hundred day moving average price of $19.98.

Hurco Companies (NASDAQ:HURC) last announced its earnings results 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.

Analyst Upgrades and Downgrades

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

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. 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 as of its most recent SEC filing. 74.36% of the stock is currently owned by institutional investors and hedge funds.

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.