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 on Wednesday, March 26th. The shares were sold at an average price of $15.50, for a total value 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 represents a 0.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 transaction 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 transaction 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 Stock Performance

HURC opened at $15.62 on Friday. Hurco Companies, Inc. has a 52-week low of $14.83 and a 52-week high of $23.76. The firm has a market cap of $101.28 million, a P/E ratio of -6.10 and a beta of 0.42. The business’s fifty day moving average is $19.20 and its 200-day moving average is $19.97.

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

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 74.36% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.