Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Polar Asset Management Partner Sells 3,395 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,395 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $22.62, for a total value of $76,794.90. Following the completion of the sale, the insider now owns 775,582 shares in the company, valued at approximately $17,543,664.84. This represents a 0.44 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Polar Asset Management Partner also recently made the following trade(s):

• On Thursday, February 13th, Polar Asset Management Partner sold 4,510 shares of Hurco Companies stock. The shares were sold at an average price of $22.63, for a total transaction of $102,061.30.

Hurco Companies Stock Performance

Hurco Companies stock opened at $20.96 on Friday. The business has a 50 day simple moving average of $20.34 and a 200-day simple moving average of $19.97. Hurco Companies, Inc. has a 12 month low of $14.82 and a 12 month high of $28.20.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data 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%.

Institutional Trading of Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & 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 quarter. Hurco Companies makes up about 0.1% of George Kaiser Family Foundation’s portfolio, 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.

Wall Street Analyst Weigh In

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

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.