Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells 3,000 Shares

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $15.51, for a total transaction of $46,530.00. Following the sale, the insider now directly owns 760,582 shares of the company’s stock, valued at approximately $11,796,626.82. This trade represents a 0.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 value of $46,500.00.
• 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 transaction 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 transaction of $76,794.90.
• On Thursday, February 13th, Polar Asset Management Partner sold 4,510 shares of Hurco Companies stock. The stock was sold at an average price of $22.63, for a total transaction of $102,061.30.

Hurco Companies Trading Down 0.1 %

HURC traded down $0.01 during trading on Tuesday, reaching $15.50. 19,002 shares of the company’s stock were exchanged, compared to its average volume of 20,417. The firm has a fifty day moving average price of $19.11 and a two-hundred day moving average price of $19.98. The stock has a market capitalization of $100.50 million, a PE ratio of -6.05 and a beta of 0.42. Hurco Companies, Inc. has a one year low of $14.83 and a one year high of $23.76.

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its position in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

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.