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

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $15.50, for a total transaction of $46,500.00. Following the sale, the insider now directly owns 766,582 shares of the company’s stock, valued at approximately $11,882,021. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions 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 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 stock was 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 value of $102,061.30.

Hurco Companies Stock Down 0.5 %

Shares of NASDAQ HURC opened at $15.62 on Monday. The stock has a market cap of $101.28 million, a PE ratio of -6.10 and a beta of 0.42. Hurco Companies, Inc. has a 52-week low of $14.83 and a 52-week high of $23.76. The business has a 50-day moving average price of $19.20 and a 200 day moving average price of $20.00.

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. The business had revenue of $46.41 million for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC raised its position in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the 4th quarter, according to its most recent 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 period. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. 74.36% of the stock is owned by hedge funds and other institutional investors.

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.