Hurco Companies, Inc. (NASDAQ:HURC) Holdings Raised by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC grew its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 216,603 shares of the scientific and technical instruments company’s stock after purchasing an additional 31,026 shares during the period. Pacific Ridge Capital Partners LLC owned about 3.33% of Hurco Companies worth $4,367,000 as of its most recent SEC filing.

Insiders Place Their Bets

In other news, CFO Sonja K. Mcclelland acquired 1,950 shares of Hurco Companies stock in a transaction on Tuesday, July 9th. The stock was bought at an average price of $15.32 per share, for a total transaction of $29,874.00. Following the transaction, the chief financial officer now owns 81,266 shares of the company’s stock, valued at $1,244,995.12. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders bought 2,915 shares of company stock worth $44,565. 7.20% of the stock is currently owned by company insiders.

Hurco Companies Stock Performance

Shares of HURC traded up $0.35 during trading hours on Friday, hitting $17.35. 12,629 shares of the company were exchanged, compared to its average volume of 26,934. The company has a market cap of $113.12 million, a PE ratio of -37.72 and a beta of 0.38. The firm’s 50 day moving average is $16.82 and its 200-day moving average is $20.23. Hurco Companies, Inc. has a 52 week low of $14.82 and a 52 week high of $28.20.

Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, June 7th. The scientific and technical instruments company reported ($0.61) earnings per share for the quarter. Hurco Companies had a negative net margin of 1.38% and a negative return on equity of 1.30%. The business had revenue of $45.17 million for the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Hurco Companies from a “hold” rating to a “sell” rating in a research report on Thursday, June 6th.

Hurco Companies 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.