Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $102,061.30 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 4,510 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $22.63, for a total transaction of $102,061.30. Following the completion of the sale, the insider now owns 782,070 shares in the company, valued at $17,698,244.10. This represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Hurco Companies Stock Down 1.5 %

Shares of Hurco Companies stock traded down $0.34 during trading on Tuesday, reaching $22.16. The company’s stock had a trading volume of 57,444 shares, compared to its average volume of 20,540. Hurco Companies, Inc. has a 1-year low of $14.82 and a 1-year high of $28.20. The company has a 50-day simple moving average of $20.25 and a two-hundred day simple moving average of $19.92. The company has a market cap of $147.14 million, a price-to-earnings ratio of -8.66 and a beta of 0.43.

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 Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the period. Hurco Companies accounts for 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest position. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 as of its most recent filing with the Securities and Exchange Commission. 74.36% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note 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.