Pacific Ridge Capital Partners LLC Buys 52,667 Shares of Hurco Companies, Inc. (NASDAQ:HURC)

Pacific Ridge Capital Partners LLC boosted its position in 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 Securities & Exchange Commission. The fund 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 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

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

Hurco Companies Price Performance

Shares of NASDAQ HURC opened at $15.50 on Thursday. The stock has a market capitalization of $100.50 million, a P/E 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. The firm’s 50 day simple moving average is $19.33 and its two-hundred day simple moving average is $20.01.

Hurco Companies (NASDAQ:HURC) last released its 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 business had revenue of $46.41 million for the quarter.

Insider Transactions at Hurco Companies

In other news, major shareholder Polar Asset Management Partner sold 3,395 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total value of $76,794.90. Following the transaction, the insider now owns 775,582 shares in the company, valued at approximately $17,543,664.84. This trade represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders have sold 10,905 shares of company stock worth $226,196. Company insiders own 8.70% of the company’s stock.

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.