Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Polar Asset Management Partner Sells 3,000 Shares

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) major shareholder Polar Asset Management Partner sold 3,000 shares of the stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of $15.50, for a total transaction of $46,500.00. Following the transaction, the insider now owns 766,582 shares of the company's stock, valued at $11,882,021. The trade was a 0.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more 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 Friday, March 28th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The shares were sold at an average price of $15.51, for a total value of $46,530.00.
• 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 value 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 shares were sold at an average price of $22.63, for a total transaction of $102,061.30.

Hurco Companies Price Performance

NASDAQ HURC traded down $0.01 during trading on Tuesday, reaching $15.50. 19,002 shares of the company's stock were exchanged, compared to its average volume of 20,417. The business has a 50 day moving average price of $19.11 and a 200-day moving average price of $19.98. The stock has a market capitalization of $100.50 million, a P/E ratio of -6.05 and a beta of 0.42. Hurco Companies, Inc. has a fifty-two week low of $14.83 and a fifty-two week high of $23.76.

Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its quarterly earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%. The business had revenue of $46.41 million for the quarter.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 188,958 shares of the scientific and technical instruments company's stock after acquiring an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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.