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

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the business’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $15.51, for a total transaction of $46,530.00. Following the sale, the insider now directly owns 760,582 shares of the company’s stock, valued at $11,796,626.82. This represents a 0.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

• On Wednesday, March 26th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The shares were sold at an average price of $15.50, for a total transaction of $46,500.00.
• On Monday, March 24th, Polar Asset Management Partner sold 3,000 shares of Hurco Companies stock. The stock was sold at an average price of $15.78, for a total transaction of $47,340.00.
• On Tuesday, February 18th, Polar Asset Management Partner sold 3,395 shares of Hurco Companies stock. The shares were sold at an average price of $22.62, for a total value of $76,794.90.
• On Thursday, February 13th, Polar Asset Management Partner sold 4,510 shares of Hurco Companies stock. The stock was sold at an average price of $22.63, for a total transaction of $102,061.30.

Hurco Companies Stock Up 0.1 %

Shares of NASDAQ HURC opened at $15.52 on Thursday. The stock’s fifty day simple moving average is $18.87 and its 200 day simple moving average is $19.92. The stock has a market capitalization of $100.63 million, a price-to-earnings ratio of -6.06 and a beta of 0.42. Hurco Companies, Inc. has a 52-week low of $14.83 and a 52-week high of $23.76.

Hurco Companies (NASDAQ:HURC) last issued its earnings results 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%. The company had revenue of $46.41 million for the quarter.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC lifted its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 38.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 188,958 shares of the scientific and technical instruments company’s stock after buying an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 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 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.