Polar Asset Management Partner Sells 4,510 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

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

Hurco Companies Stock Down 5.1 %

Shares of Hurco Companies stock opened at $21.03 on Thursday. Hurco Companies, Inc. has a twelve month low of $14.82 and a twelve month high of $28.20. The company has a market cap of $139.61 million, a price-to-earnings ratio of -8.21 and a beta of 0.43. The company’s 50 day moving average is $20.31 and its 200 day moving average is $19.97.

Hurco Companies (NASDAQ:HURC) last released its quarterly 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%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Hurco Companies from a “hold” rating to a “sell” rating in a research report on Wednesday, February 5th.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation boosted its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,555 shares of the scientific and technical instruments company’s stock after purchasing an additional 5,314 shares during the period. Hurco Companies comprises 0.1% of George Kaiser Family Foundation’s holdings, making the stock its 17th biggest holding. George Kaiser Family Foundation owned approximately 0.38% of Hurco Companies worth $517,000 at the end of the most recent quarter. 74.36% of the stock is currently owned by institutional investors and hedge funds.

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.