Hurco Companies, Inc. (NASDAQ:HURC) Chairman Buys $31,980.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) Chairman Michael Doar bought 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 24th. The stock was purchased at an average price of $15.99 per share, with a total value of $31,980.00. Following the completion of the purchase, the chairman now owns 221,460 shares in the company, valued at approximately $3,541,145.40. This trade represents a 0.91% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Michael Doar also recently made the following trade(s):

• On Monday, June 23rd, Michael Doar acquired 4,000 shares of Hurco Companies stock. The stock was purchased at an average price of $15.74 per share, with a total value of $62,960.00.

Hurco Companies Stock Performance

NASDAQ:HURC opened at $16.97 on Thursday. Hurco Companies, Inc. has a one year low of $13.19 and a one year high of $23.76. The stock has a market cap of $110.42 million, a PE ratio of -5.68 and a beta of 0.45. The stock has a 50 day moving average price of $14.98 and a 200 day moving average price of $17.27.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 9.54% and a negative net margin of 10.58%. The company had revenue of $40.87 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 16.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 28,591 shares of the scientific and technical instruments company’s stock after buying an additional 4,036 shares during the quarter. Hurco Companies accounts for approximately 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 20th biggest position. George Kaiser Family Foundation owned approximately 0.44% of Hurco Companies worth $443,000 at the end of the most recent reporting period. Institutional investors own 74.36% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Hurco Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, March 12th.

Hurco Companies Company Profile

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.