Insider Selling: Hurco Companies, Inc. (NASDAQ:HURC) Major Shareholder Sells 3,395 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC) major shareholder Polar Asset Management Partner sold 3,395 shares of Hurco Companies stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $22.62, for a total transaction of $76,794.90. Following the completion of the sale, the insider now owns 775,582 shares of the company’s stock, valued at $17,543,664.84. This trade represents a 0.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $22.63, for a total value of $102,061.30.

Hurco Companies Price Performance

Shares of HURC stock opened at $20.96 on Friday. Hurco Companies, Inc. has a 52 week low of $14.82 and a 52 week high of $28.20. The firm has a 50 day moving average of $20.34 and a two-hundred day moving average of $19.97.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings results on Friday, January 10th. The scientific and technical instruments company reported ($0.23) earnings per share (EPS) for the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation grew its position in Hurco Companies, Inc. (NASDAQ:HURC) by 27.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 0.1% of George Kaiser Family Foundation’s investment portfolio, making the stock its 17th largest position. 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 owned by institutional investors.

About Hurco Companies

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.