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

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $15.78, for a total transaction of $47,340.00. Following the transaction, the insider now directly owns 772,582 shares of the company’s stock, valued at $12,191,343.96. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% 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 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 transaction 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 Stock Down 0.1 %

Shares of Hurco Companies stock opened at $15.50 on Thursday. The stock has a market cap of $100.50 million, a P/E ratio of -6.05 and a beta of 0.42. Hurco Companies, Inc. has a 12-month low of $14.83 and a 12-month high of $23.76. The business’s 50 day moving average is $19.33 and its 200-day moving average is $20.01.

Hurco Companies (NASDAQ:HURC) 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 firm had revenue of $46.41 million during the quarter.

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the fourth quarter, according to the company in 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 buying 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Hurco Companies from a “sell” rating to a “hold” rating in a report on Wednesday, March 12th.

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.