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 the business’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $15.78, for a total transaction of $47,340.00. Following the completion of the sale, the insider now owns 772,582 shares in the company, valued at approximately $12,191,343.96. This trade represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

• 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 0.1 %

Shares of HURC stock traded down $0.01 during trading hours on Wednesday, reaching $15.50. 10,499 shares of the stock traded hands, compared to its average volume of 20,365. The firm has a market capitalization of $100.50 million, a PE ratio of -6.05 and a beta of 0.42. Hurco Companies, Inc. has a 1-year low of $14.83 and a 1-year high of $23.76. The business has a fifty day moving average price of $19.38 and a 200 day moving average price of $20.04.

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

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,958 shares of the scientific and technical instruments company’s stock after purchasing an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the Securities and Exchange Commission. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.