Polar Asset Management Partner Sells 3,395 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) major shareholder Polar Asset Management Partner sold 3,395 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the transaction, the insider now directly owns 775,582 shares in the company, valued at $17,543,664.84. This trade represents a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 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 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 Trading Down 1.3 %

Hurco Companies stock traded down $0.27 during trading on Friday, reaching $20.69. The company had a trading volume of 14,299 shares, compared to its average volume of 22,749. Hurco Companies, Inc. has a 52 week low of $14.82 and a 52 week high of $28.20. The firm's 50-day simple moving average is $20.37 and its 200 day simple moving average is $20.00. The firm has a market capitalization of $137.39 million, a price-to-earnings ratio of -8.08 and a beta of 0.43.

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

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its holdings in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the fourth quarter, according to its most recent 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 2.85% of Hurco Companies worth $3,645,000 as of its most recent SEC filing. 74.36% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hurco Companies from a "hold" rating to a "sell" rating in a report on Wednesday, February 5th.

About Hurco Companies

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.