Insider Selling: Hurco Companies, Inc. (HURC) President Sells 8,115 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC) President Gregory S. Volovic sold 8,115 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $48.04, for a total transaction of $389,844.60. Following the completion of the transaction, the president now owns 38,839 shares in the company, valued at approximately $1,865,825.56. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Hurco Companies, Inc. (NASDAQ HURC) traded down $1.10 during trading on Wednesday, hitting $46.80. 49,800 shares of the stock were exchanged, compared to its average volume of 39,430. The firm has a market cap of $318.11, a price-to-earnings ratio of 20.80 and a beta of 0.52. Hurco Companies, Inc. has a 1-year low of $26.25 and a 1-year high of $48.95.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, January 5th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $75.93 million for the quarter. Hurco Companies had a net margin of 6.20% and a return on equity of 7.76%.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, January 3rd were paid a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.85%. Hurco Companies’s dividend payout ratio (DPR) is presently 17.78%.

A number of equities analysts have commented on HURC shares. ValuEngine lowered shares of Hurco Companies from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub lowered shares of Hurco Companies from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd.

Several institutional investors have recently modified their holdings of the company. Dalton Greiner Hartman Maher & Co. raised its stake in shares of Hurco Companies by 3.7% in the 4th quarter. Dalton Greiner Hartman Maher & Co. now owns 92,137 shares of the scientific and technical instruments company’s stock valued at $3,888,000 after purchasing an additional 3,268 shares in the last quarter. Thomson Horstmann & Bryant Inc. raised its stake in shares of Hurco Companies by 86.1% in the 4th quarter. Thomson Horstmann & Bryant Inc. now owns 251,387 shares of the scientific and technical instruments company’s stock valued at $10,608,000 after purchasing an additional 116,286 shares in the last quarter. Algert Global LLC raised its stake in shares of Hurco Companies by 288.9% in the 3rd quarter. Algert Global LLC now owns 48,056 shares of the scientific and technical instruments company’s stock valued at $1,999,000 after purchasing an additional 35,698 shares in the last quarter. Cornerstone Capital Management Holdings LLC. raised its stake in shares of Hurco Companies by 438.5% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 7,000 shares of the scientific and technical instruments company’s stock valued at $290,000 after purchasing an additional 5,700 shares in the last quarter. Finally, OxFORD Asset Management LLP raised its stake in shares of Hurco Companies by 387.4% in the 3rd quarter. OxFORD Asset Management LLP now owns 28,149 shares of the scientific and technical instruments company’s stock valued at $1,161,000 after purchasing an additional 22,374 shares in the last quarter. Institutional investors and hedge funds own 78.93% of the company’s stock.

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Hurco Companies Company 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.

Insider Buying and Selling by Quarter for Hurco Companies (NASDAQ:HURC)

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