Insider Selling: Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells $102,061.30 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 4,510 shares of the stock in a transaction on Thursday, February 13th. The stock was sold at an average price of $22.63, for a total value of $102,061.30. Following the transaction, the insider now directly owns 782,070 shares in the company, valued at approximately $17,698,244.10. This represents a 0.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions 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 value of $76,794.90.

Hurco Companies Stock Up 1.8 %

Shares of Hurco Companies stock opened at $20.96 on Friday. Hurco Companies, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $28.20. The firm has a market cap of $139.17 million, a PE ratio of -8.19 and a beta of 0.43. The business’s fifty day moving average is $20.34 and its two-hundred day moving average is $19.97.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share for the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Hurco Companies from a “hold” rating to a “sell” rating in a research note on Wednesday, February 5th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation increased its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,555 shares of the scientific and technical instruments company’s stock after buying an additional 5,314 shares during the quarter. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th biggest position. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. Hedge funds and other institutional investors 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.