Pacific Ridge Capital Partners LLC Has $3.65 Million Position in Hurco Companies, Inc. (NASDAQ:HURC)

Pacific Ridge Capital Partners LLC boosted its holdings in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 approximately 2.85% of Hurco Companies worth $3,645,000 as of its most recent SEC filing.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, major shareholder Polar Asset Management Partner sold 3,395 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total transaction of $76,794.90. Following the completion of the sale, the insider now owns 775,582 shares in the company, valued at $17,543,664.84. The trade was a 0.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 13,905 shares of company stock valued at $272,696 over the last three months. 8.70% of the stock is owned by insiders.

Remove Ads

Hurco Companies Stock Performance

NASDAQ HURC traded down $0.05 during trading on Monday, reaching $15.57. 4,133 shares of the company traded hands, compared to its average volume of 20,390. Hurco Companies, Inc. has a 1-year low of $14.83 and a 1-year high of $23.76. The stock's 50 day moving average price is $19.20 and its two-hundred day moving average price is $20.00. The company has a market cap of $100.96 million, a price-to-earnings ratio of -6.08 and a beta of 0.42.

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) EPS for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%. The company had revenue of $46.41 million during the quarter.

Hurco Companies 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.