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 Hurco Companies stock in a transaction that occurred on Thursday, February 13th. The stock was 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 of the company’s stock, valued at $17,698,244.10. This represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Hurco Companies Stock Down 1.5 %

Shares of HURC stock opened at $22.16 on Wednesday. The company has a 50 day moving average price of $20.28 and a 200-day moving average price of $19.96. Hurco Companies, Inc. has a 52 week low of $14.82 and a 52 week high of $28.20. The firm has a market capitalization of $147.23 million, a PE ratio of -8.66 and a beta of 0.43.

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

Wall Street Analyst Weigh In

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

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 74.36% of the company’s stock.

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.