Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $46,530.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) major shareholder Polar Asset Management Partner sold 3,000 shares of the business's stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $15.51, for a total value of $46,530.00. Following the completion of the sale, the insider now directly owns 760,582 shares of the company's stock, valued at approximately $11,796,626.82. The trade was a 0.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

• On Wednesday, March 26th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The shares were sold at an average price of $15.50, for a total transaction of $46,500.00.
• On Monday, March 24th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The stock was 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 value 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 Down 3.4 %

HURC stock traded down $0.49 during mid-day trading on Friday, reaching $14.10. 22,136 shares of the stock traded hands, compared to its average volume of 20,362. The business has a 50-day moving average of $18.57 and a two-hundred day moving average of $19.86. The firm has a market capitalization of $91.42 million, a PE ratio of -5.51 and a beta of 0.56. Hurco Companies, Inc. has a 52 week low of $13.68 and a 52 week high of $23.76.

Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly 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 during the quarter.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake 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% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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 quarter. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 74.36% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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.