Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Polar Asset Management Partner Sells 3,000 Shares

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the company’s stock in a transaction on Monday, March 24th. The shares were 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 of the company’s stock, valued at approximately $12,191,343.96. This trade represents a 0.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock 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 shares were 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 Price Performance

Shares of NASDAQ HURC opened at $15.70 on Friday. The stock has a fifty day moving average price of $19.28 and a 200 day moving average price of $19.98. Hurco Companies, Inc. has a 1-year low of $14.83 and a 1-year high of $23.76. The company has a market cap of $101.80 million, a PE ratio of -6.13 and a beta of 0.42.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, March 7th. The scientific and technical instruments company reported ($0.67) EPS for the quarter. The firm had revenue of $46.41 million for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the fourth quarter, according to the company in 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 buying an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned about 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. 74.36% of the stock is owned by hedge funds and other institutional investors.

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.