Rep. Debbie Wasserman Schultz Sells Off Shares of Hurco Companies, Inc. (NASDAQ:HURC)

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 Trading Down 6.1 %

NASDAQ HURC opened at $17.26 on Friday. The company has a fifty day simple moving average of $20.19 and a 200 day simple moving average of $20.10. The company has a market cap of $114.68 million, a P/E ratio of -6.74 and a beta of 0.42. Hurco Companies, Inc. has a 1 year low of $14.82 and a 1 year high of $24.09.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data 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%.

Insider Buying and Selling

In related news, major shareholder Polar Asset Management Partner sold 4,510 shares of the stock in a transaction dated 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 owns 782,070 shares in the company, valued at $17,698,244.10. This trade represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Hurco Companies from a “hold” rating to a “sell” rating in a research note on Tuesday.

Institutional Investors Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC increased its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,958 shares of the scientific and technical instruments company’s stock after purchasing an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned approximately 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 hedge funds and other institutional investors.

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.

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.