Hurco Companies (NASDAQ:HURC) Shares Unloaded Rep. Debbie Wasserman Schultz

Representative Debbie Wasserman Schultz (D-Florida) recently sold shares of Hurco Companies, Inc. NASDAQ: HURC. In a filing disclosed on March 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in Hurco Companies stock on February 6th.

Hurco Companies Price Performance

Shares of Hurco Companies stock traded down $0.61 on Tuesday, hitting $16.05. The company had a trading volume of 46,661 shares, compared to its average volume of 20,286. The business has a 50-day simple moving average of $20.15 and a 200-day simple moving average of $20.14. The company has a market cap of $106.64 million, a PE ratio of -6.27 and a beta of 0.42. Hurco Companies, Inc. has a 52 week low of $14.82 and a 52 week high of $23.76.

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

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Hurco Companies from a "hold" rating to a "sell" rating in a report on Tuesday, March 4th.

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Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation raised its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 27.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,555 shares of the scientific and technical instruments company's stock after buying an additional 5,314 shares during the period. Hurco Companies comprises approximately 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 as of its most recent SEC filing. Institutional investors and hedge funds own 74.36% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Polar Asset Management Partner sold 4,510 shares of the firm'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 transaction of $102,061.30. Following the completion of the sale, the insider now directly 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 filing with the SEC, which is available at the SEC website. 8.70% of the stock is currently owned by insiders.

About Representative Wasserman Schultz

Debbie Wasserman Schultz (Democratic Party) is a member of the U.S. House, representing Florida's 25th Congressional District. She assumed office on January 3, 2023. Her current term ends on January 3, 2027. Wasserman Schultz (Democratic Party) is running for re-election to the U.S. House to represent Florida's 25th Congressional District. She declared candidacy for the 2026 election. Debbie Wasserman Schultz was born in Forest Hills, New York. Wasserman Schultz graduated from Half Hollow Hills High School East in 1984. She earned a B.A. and M.A. from the University of Florida in 1988 and 1990, respectively. Wasserman Schultz's career experience includes working as a staffer to former U.S. Representative Peter Deutsch.

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.