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 firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of $15.50, for a total transaction 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 trade represents a 0.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% 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 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 value of $76,794.90.
• On Thursday, February 13th, Polar Asset Management Partner sold 4,510 shares of Hurco Companies stock. The shares were sold at an average price of $22.63, for a total value of $102,061.30.

Hurco Companies Trading Down 1.0 %

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

Hurco Companies (NASDAQ:HURC) last released its quarterly 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 return on equity of 7.78% and a negative net margin of 8.90%. The firm had revenue of $46.41 million during the quarter.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% during 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 acquiring an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 as of its most recent SEC filing. Institutional investors own 74.36% of the company’s stock.

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.