Polar Asset Management Partner Sells 24,300 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 24,300 shares of Hurco Companies stock in a transaction on Monday, October 7th. The shares were sold at an average price of $22.50, for a total transaction of $546,750.00. Following the completion of the sale, the insider now directly owns 806,943 shares of the company’s stock, valued at approximately $18,156,217.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Hurco Companies Price Performance

Shares of NASDAQ HURC opened at $21.36 on Friday. The stock has a market capitalization of $139.33 million, a P/E ratio of -46.43 and a beta of 0.38. The company has a 50-day moving average price of $18.11 and a 200-day moving average price of $17.85. Hurco Companies, Inc. has a 1 year low of $14.82 and a 1 year high of $28.20.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, September 6th. The scientific and technical instruments company reported ($1.47) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 6.40% and a negative return on equity of 5.87%. The business had revenue of $42.65 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Hurco Companies stock. George Kaiser Family Foundation purchased a new stake in Hurco Companies, Inc. (NASDAQ:HURC) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,241 shares of the scientific and technical instruments company’s stock, valued at approximately $294,000. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest holding. George Kaiser Family Foundation owned approximately 0.30% of Hurco Companies at the end of the most recent quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

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.