Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $546,750.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 24,300 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $22.50, for a total transaction of $546,750.00. Following the sale, the insider now owns 806,943 shares in the company, valued at approximately $18,156,217.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Hurco Companies Stock Up 1.7 %

HURC traded up $0.37 during trading hours on Wednesday, hitting $21.87. 5,529 shares of the company’s stock were exchanged, compared to its average volume of 23,938. The stock has a market cap of $142.66 million, a price-to-earnings ratio of -46.74 and a beta of 0.38. Hurco Companies, Inc. has a 1-year low of $14.82 and a 1-year high of $28.20. The stock’s 50-day moving average is $17.92 and its two-hundred day moving average is $17.80.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, September 6th. The scientific and technical instruments company reported ($1.47) earnings per share (EPS) for the quarter. The company had revenue of $42.65 million for the quarter. Hurco Companies had a negative return on equity of 5.87% and a negative net margin of 6.40%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC increased its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 16.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 216,603 shares of the scientific and technical instruments company’s stock after purchasing an additional 31,026 shares during the period. Pacific Ridge Capital Partners LLC owned 3.33% of Hurco Companies worth $4,367,000 as of its most recent filing with the SEC. Institutional investors 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.