Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) major shareholder Polar Asset Management Partner sold 3,000 shares of the company's stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions 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 value of $102,061.30.
Hurco Companies Stock Performance
NASDAQ:HURC opened at $15.50 on Thursday. Hurco Companies, Inc. has a 52 week low of $14.83 and a 52 week high of $23.76. The firm's 50-day simple moving average is $19.33 and its 200 day simple moving average is $20.01. The firm has a market cap of $100.50 million, a price-to-earnings ratio of -6.05 and a beta of 0.42.
Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) EPS for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%. The business had revenue of $46.41 million for the quarter.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Hurco Companies from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th.
Check Out Our Latest Stock Analysis on Hurco Companies
Institutional Trading of Hurco Companies
An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC increased its position in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 74.36% of the company's stock.
Hurco Companies Company Profile
(
Get Free Report)
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.
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