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 Price Performance

NASDAQ HURC traded down $1.12 during trading hours on Friday, reaching $17.26. The company’s stock had a trading volume of 35,059 shares, compared to its average volume of 19,726. The firm has a market capitalization of $114.68 million, a price-to-earnings 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. The company’s 50-day moving average is $20.19 and its two-hundred day moving average is $20.10.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share for the quarter. The business 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%.

Analyst Ratings Changes

Separately, StockNews.com cut Hurco Companies from a “hold” rating to a “sell” rating in a report on Tuesday.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation raised its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,555 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,314 shares during the quarter. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th largest holding. George Kaiser Family Foundation owned 0.38% of Hurco Companies worth $517,000 at the end of the most recent reporting period. 74.36% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Hurco Companies

In related news, major shareholder Polar Asset Management Partner sold 3,395 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the transaction, the insider now directly owns 775,582 shares in the company, valued at approximately $17,543,664.84. This represents a 0.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.70% of the company’s stock.

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.

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.