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

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the firm’s stock in a transaction on Friday, March 28th. The stock was sold at an average price of $15.51, for a total value of $46,530.00. Following the sale, the insider now directly owns 760,582 shares in the company, valued at $11,796,626.82. The trade was a 0.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 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 Wednesday, March 26th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The stock was 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 shares were 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 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 Stock Performance

NASDAQ HURC traded down $0.01 during trading on Tuesday, hitting $15.50. The stock had a trading volume of 19,002 shares, compared to its average volume of 20,417. The company 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 12 month low of $14.83 and a 12 month high of $23.76. The company’s 50-day moving average price is $19.11 and its two-hundred day moving average price is $19.98.

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

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC increased its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 188,958 shares of the scientific and technical instruments company’s stock after acquiring an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the SEC. 74.36% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Hurco Companies Company 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.