Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Polar Asset Management Partner Sells 3,395 Shares

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,395 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total transaction of $76,794.90. Following the completion of the transaction, the insider now owns 775,582 shares of the company’s stock, valued at $17,543,664.84. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% 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 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 Price Performance

Hurco Companies stock traded up $0.37 during trading hours on Thursday, reaching $20.96. The stock had a trading volume of 25,797 shares, compared to its average volume of 20,620. The company has a market cap of $139.17 million, a price-to-earnings ratio of -8.19 and a beta of 0.43. The business’s 50 day moving average price is $20.31 and its 200-day moving average price is $19.97. Hurco Companies, Inc. has a 52 week low of $14.82 and a 52 week high of $28.20.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Institutional Investors Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 188,958 shares of the scientific and technical instruments company’s stock after acquiring 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 institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a report on Wednesday, February 5th.

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.