Insider Selling: Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $46,500.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of $15.50, for a total value of $46,500.00. Following the sale, the insider now directly owns 766,582 shares of the company’s stock, valued at $11,882,021. This represents a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock 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 transaction of $76,794.90.
• 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 Stock Down 1.0 %

NASDAQ:HURC traded down $0.15 on Friday, reaching $15.55. 8,488 shares of the company’s stock traded hands, compared to its average volume of 20,432. The firm has a market cap of $100.83 million, a PE ratio of -6.07 and a beta of 0.42. The stock has a 50-day simple moving average of $19.28 and a 200-day simple moving average of $19.98. Hurco Companies, Inc. has a 12 month low of $14.83 and a 12 month high of $23.76.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share (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.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC raised its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the fourth quarter, according to the company in its most recent 13F filing 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.