Insider Selling: Hurco Companies, Inc. (HURC) Director Sells 6,000 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC) Director Ronald G. Strackbein sold 6,000 shares of the firm’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $47.42, for a total value of $284,520.00. Following the transaction, the director now owns 3,893 shares in the company, valued at $184,606.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Hurco Companies, Inc. (NASDAQ:HURC) traded up $0.25 on Tuesday, reaching $47.20. The company had a trading volume of 17,641 shares, compared to its average volume of 37,585. Hurco Companies, Inc. has a 52-week low of $26.25 and a 52-week high of $50.33. The company has a market capitalization of $316.45, a PE ratio of 21.18 and a beta of 0.52.

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

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

Several equities analysts recently issued reports on HURC shares. BidaskClub cut Hurco Companies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. ValuEngine cut Hurco Companies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Hedge funds have recently bought and sold shares of the business. Cornerstone Capital Management Holdings LLC. lifted its stake in Hurco Companies by 438.5% in the third 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 buying an additional 5,700 shares during the last quarter. OxFORD Asset Management LLP lifted its stake in Hurco Companies by 387.4% in the third 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 buying an additional 22,374 shares during the last quarter. FMR LLC lifted its stake in Hurco Companies by 8.0% in the second quarter. FMR LLC now owns 659,299 shares of the scientific and technical instruments company’s stock valued at $22,911,000 after buying an additional 48,980 shares during the last quarter. Strs Ohio lifted its stake in Hurco Companies by 40.4% in the third quarter. Strs Ohio now owns 13,900 shares of the scientific and technical instruments company’s stock valued at $578,000 after buying an additional 4,000 shares during the last quarter. Finally, First Quadrant L P CA bought a new stake in Hurco Companies in the third quarter valued at $270,000. Institutional investors own 81.23% of the company’s stock.

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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.

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

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