Thomson Horstmann & Bryant Inc. raised its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 86.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 251,387 shares of the scientific and technical instruments company’s stock after purchasing an additional 116,286 shares during the period. Hurco Companies comprises about 1.4% of Thomson Horstmann & Bryant Inc.’s portfolio, making the stock its 18th largest holding. Thomson Horstmann & Bryant Inc. owned approximately 3.80% of Hurco Companies worth $10,608,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the business. Wells Fargo & Company MN grew its position in shares of Hurco Companies by 3.8% during the second quarter. Wells Fargo & Company MN now owns 4,161 shares of the scientific and technical instruments company’s stock worth $144,000 after acquiring an additional 152 shares during the last quarter. OxFORD Asset Management LLP bought a new position in shares of Hurco Companies during the second quarter worth about $201,000. First Trust Advisors LP acquired a new stake in Hurco Companies in the third quarter worth about $202,000. The Manufacturers Life Insurance Company lifted its holdings in Hurco Companies by 12.2% in the second quarter. The Manufacturers Life Insurance Company now owns 5,989 shares of the scientific and technical instruments company’s stock worth $207,000 after purchasing an additional 652 shares during the period. Finally, Numeric Investors LLC acquired a new stake in Hurco Companies in the second quarter worth about $222,000. Hedge funds and other institutional investors own 78.93% of the company’s stock.
Several research firms recently weighed in on HURC. ValuEngine downgraded shares of Hurco Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub downgraded shares of Hurco Companies from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd.
Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, January 5th. The scientific and technical instruments company reported $1.00 EPS for the quarter. Hurco Companies had a net margin of 6.20% and a return on equity of 7.76%. The company had revenue of $75.93 million during the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend was Tuesday, January 2nd. Hurco Companies’s dividend payout ratio is presently 17.78%.
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Hurco Companies Profile
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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