Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $102,061.30 in Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) major shareholder Polar Asset Management Partner sold 4,510 shares of the company's stock in a transaction that occurred on Thursday, February 13th. The shares were sold at an average price of $22.63, for a total value of $102,061.30. Following the sale, the insider now owns 782,070 shares in the company, valued at approximately $17,698,244.10. This trade represents a 0.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more 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 shares were sold at an average price of $22.62, for a total value of $76,794.90.

Hurco Companies Trading Down 1.3 %

Shares of NASDAQ HURC traded down $0.27 during midday trading on Friday, hitting $20.69. The company's stock had a trading volume of 14,299 shares, compared to its average volume of 22,749. The business's 50 day moving average is $20.37 and its two-hundred day moving average is $20.00. Hurco Companies, Inc. has a 12-month low of $14.82 and a 12-month high of $28.20. The firm has a market cap of $137.39 million, a P/E ratio of -8.08 and a beta of 0.43.

Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly 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 return on equity of 7.78% and a negative net margin of 8.90%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation increased its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,555 shares of the scientific and technical instruments company's stock after purchasing an additional 5,314 shares during the quarter. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation's portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. Institutional investors own 74.36% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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.