New York State Common Retirement Fund Has $250,000 Stake in Hurco Companies, Inc. (HURC)
New York State Common Retirement Fund cut its position in Hurco Companies, Inc. (NASDAQ:HURC) by 0.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,200 shares of the scientific and technical instruments company’s stock after selling 1 shares during the quarter. New York State Common Retirement Fund owned 0.11% of Hurco Companies worth $250,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of HURC. Algert Global LLC acquired a new position in shares of Hurco Companies in the 2nd quarter valued at approximately $429,000. Federated Investors Inc. PA acquired a new position in shares of Hurco Companies in the 2nd quarter valued at approximately $292,000. Balter Liquid Alternatives LLC acquired a new position in shares of Hurco Companies in the 2nd quarter valued at approximately $262,000. Deprince Race & Zollo Inc. raised its position in shares of Hurco Companies by 2.9% in the 2nd quarter. Deprince Race & Zollo Inc. now owns 263,219 shares of the scientific and technical instruments company’s stock valued at $9,147,000 after buying an additional 7,453 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Hurco Companies by 0.7% in the 2nd quarter. Royce & Associates LP now owns 986,691 shares of the scientific and technical instruments company’s stock valued at $34,288,000 after buying an additional 7,300 shares in the last quarter. Institutional investors own 75.62% of the company’s stock.
Hurco Companies, Inc. (NASDAQ:HURC) opened at $44.45 on Wednesday. The company has a market cap of $289.15, a P/E ratio of 25.68 and a beta of 0.53. Hurco Companies, Inc. has a 12-month low of $26.25 and a 12-month high of $46.75.
Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.58 EPS for the quarter. The company had revenue of $60.77 million during the quarter. Hurco Companies had a net margin of 4.88% and a return on equity of 6.00%.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Tuesday, January 2nd. Hurco Companies’s dividend payout ratio is 23.53%.
Separately, ValuEngine cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
In related news, Director Robert W. Cruickshank sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $45.00, for a total transaction of $45,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Gregory S. Volovic sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $39.16, for a total transaction of $391,600.00. Following the transaction, the president now owns 34,183 shares of the company’s stock, valued at $1,338,606.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,000 shares of company stock valued at $1,241,780. 8.30% of the stock is owned by corporate insiders.
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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