Insider Selling: Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells 3,000 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,000 shares of the business’s stock in a transaction dated 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 owns 772,582 shares in the company, valued at approximately $12,191,343.96. The trade was a 0.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 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 value of $46,500.00.
• 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 value of $102,061.30.

Hurco Companies Stock Down 0.5 %

NASDAQ:HURC opened at $15.62 on Friday. The firm has a market capitalization of $101.28 million, a PE ratio of -6.10 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 firm has a 50-day moving average price of $19.20 and a 200 day moving average price of $19.97.

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. The company had revenue of $46.41 million during the quarter. Hurco Companies had a negative return on equity of 7.78% and a negative net margin of 8.90%.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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 institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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