George Kaiser Family Foundation Makes New $1.85 Million Investment in Hurco Companies, Inc. $HURC

George Kaiser Family Foundation bought a new position in Hurco Companies, Inc. (NASDAQ:HURC) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 80,644 shares of the scientific and technical instruments company’s stock, valued at approximately $1,846,000. Hurco Companies comprises 0.2% of George Kaiser Family Foundation’s holdings, making the stock its 25th largest holding.

Several other institutional investors also recently modified their holdings of HURC. State of Wyoming purchased a new stake in shares of Hurco Companies during the second quarter valued at approximately $199,000. GSA Capital Partners LLP purchased a new position in Hurco Companies in the second quarter worth $499,000. Bank of New York Mellon Corp purchased a new position in Hurco Companies in the second quarter worth $561,000. Diamond Hill Capital Management Inc. boosted its position in Hurco Companies by 23.3% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock worth $1,086,000 after purchasing an additional 13,296 shares during the last quarter. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in Hurco Companies in the 2nd quarter valued at $1,702,000. 74.36% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hurco Companies in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Hurco Companies Stock Up 0.8%

HURC opened at $22.92 on Friday. The stock has a market cap of $148.52 million, a price-to-earnings ratio of -11.69 and a beta of 0.70. Hurco Companies, Inc. has a twelve month low of $14.50 and a twelve month high of $23.75. The company’s 50-day moving average price is $22.09 and its two-hundred day moving average price is $18.62.

Hurco Companies (NASDAQ:HURC) last released its earnings results on Friday, June 5th. The scientific and technical instruments company reported ($0.37) earnings per share for the quarter. Hurco Companies had a negative net margin of 6.92% and a negative return on equity of 6.37%. The company had revenue of $47.62 million for the quarter.

Hurco Companies Company Profile

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.