Polar Asset Management Partner Sells 3,395 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,395 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the sale, the insider now owns 775,582 shares in the company, valued at $17,543,664.84. The trade was a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more 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 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 value of $102,061.30.

Hurco Companies Stock Down 1.3 %

NASDAQ:HURC opened at $20.69 on Friday. The stock has a market cap of $137.39 million, a price-to-earnings ratio of -8.08 and a beta of 0.43. The company’s 50 day moving average price is $20.37 and its 200-day moving average price is $20.00. Hurco Companies, Inc. has a 52 week low of $14.82 and a 52 week high of $28.20.

Hurco Companies (NASDAQ:HURC) last announced its 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 net margin of 8.90% and a negative return on equity of 7.78%.

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 holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (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 quarter. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 74.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Hurco Companies from a “hold” rating to a “sell” rating in a research report 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.