Insider Selling: Hurco Companies, Inc. (HURC) Director Sells 6,000 Shares of Stock
Hurco Companies, Inc. (NASDAQ:HURC) Director Ronald G. Strackbein sold 6,000 shares of Hurco Companies stock in a transaction on Friday, January 26th. The shares were sold at an average price of $47.42, for a total value of $284,520.00. Following the completion of the transaction, the director now owns 3,893 shares of the company’s stock, valued at $184,606.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Hurco Companies, Inc. (NASDAQ:HURC) opened at $46.95 on Wednesday. The stock has a market capitalization of $311.80, a price-to-earnings ratio of 20.87 and a beta of 0.52. Hurco Companies, Inc. has a fifty-two week low of $26.25 and a fifty-two week high of $50.33.
Hurco Companies (NASDAQ:HURC) last released its earnings results on Friday, January 5th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $75.93 million during the quarter. Hurco Companies had a return on equity of 7.76% and a net margin of 6.20%.
A number of research analysts recently issued reports on HURC shares. ValuEngine lowered Hurco Companies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub lowered Hurco Companies from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its holdings in Hurco Companies by 3.8% during the 2nd quarter. Wells Fargo & Company MN now owns 4,161 shares of the scientific and technical instruments company’s stock worth $144,000 after buying an additional 152 shares during the last quarter. OxFORD Asset Management LLP purchased a new stake in Hurco Companies during the 2nd quarter worth about $201,000. First Trust Advisors LP purchased a new stake in Hurco Companies during the 3rd quarter worth about $202,000. The Manufacturers Life Insurance Company lifted its holdings in Hurco Companies by 12.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,989 shares of the scientific and technical instruments company’s stock worth $207,000 after buying an additional 652 shares during the last quarter. Finally, Numeric Investors LLC purchased a new stake in Hurco Companies during the 2nd quarter worth about $222,000. 81.23% of the stock is owned by institutional investors.
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About Hurco Companies
Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.
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