Insider Selling: Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $47,340.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) major shareholder Polar Asset Management Partner sold 3,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.78, for a total value of $47,340.00. Following the transaction, the insider now directly owns 772,582 shares of the company's stock, valued at $12,191,343.96. The trade was a 0.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 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 value of $46,500.00.
• 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 Trading Down 0.5 %

HURC traded down $0.08 during trading hours on Friday, hitting $15.62. 15,443 shares of the company's stock were exchanged, compared to its average volume of 20,454. The firm has a market cap of $101.28 million, a P/E ratio of -6.10 and a beta of 0.42. Hurco Companies, Inc. has a 12-month low of $14.83 and a 12-month high of $23.76. The firm has a 50 day moving average of $19.20 and a 200 day moving average of $20.00.

Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its quarterly earnings data on Friday, March 7th. The scientific and technical instruments company reported ($0.67) 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%. The company had revenue of $46.41 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 188,958 shares of the scientific and technical instruments company's stock after purchasing an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 74.36% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Hurco Companies from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th.

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.