Insider Selling: Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells 4,510 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 4,510 shares of the firm’s stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $22.63, for a total value of $102,061.30. Following the completion of the transaction, the insider now directly owns 782,070 shares in the company, valued at $17,698,244.10. This trade represents a 0.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more 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 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 value of $76,794.90.

Hurco Companies Price Performance

NASDAQ:HURC opened at $20.96 on Friday. The business’s 50-day moving average is $20.34 and its two-hundred day moving average is $19.97. Hurco Companies, Inc. has a 12 month low of $14.82 and a 12 month high of $28.20. The firm has a market capitalization of $139.17 million, a PE ratio of -8.19 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Analysts Set New Price Targets

Separately, StockNews.com lowered Hurco Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th.

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% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 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.

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.