Hurco Companies, Inc. (HURC) Shares Sold by Franklin Resources Inc.
Franklin Resources Inc. cut its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 262,400 shares of the scientific and technical instruments company’s stock after selling 27,600 shares during the period. Franklin Resources Inc. owned approximately 3.96% of Hurco Companies worth $9,118,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Strs Ohio lifted its position in Hurco Companies by 6.5% during the second quarter. Strs Ohio now owns 9,900 shares of the scientific and technical instruments company’s stock valued at $344,000 after buying an additional 600 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Hurco Companies by 1.6% during the second quarter. JPMorgan Chase & Co. now owns 110,911 shares of the scientific and technical instruments company’s stock worth $3,854,000 after purchasing an additional 1,795 shares in the last quarter. Royce & Associates LP lifted its position in shares of Hurco Companies by 0.7% during the second quarter. Royce & Associates LP now owns 986,691 shares of the scientific and technical instruments company’s stock worth $34,288,000 after purchasing an additional 7,300 shares in the last quarter. Deprince Race & Zollo Inc. lifted its position in shares of Hurco Companies by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 263,219 shares of the scientific and technical instruments company’s stock worth $9,147,000 after purchasing an additional 7,453 shares in the last quarter. Finally, Balter Liquid Alternatives LLC acquired a new position in shares of Hurco Companies during the second quarter worth $262,000. 76.27% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hurco Companies, Inc. (NASDAQ:HURC) opened at 39.70 on Monday. Hurco Companies, Inc. has a 1-year low of $24.80 and a 1-year high of $40.20. The firm’s 50-day moving average is $35.00 and its 200 day moving average is $31.87. The company has a market cap of $262.97 million, a price-to-earnings ratio of 23.35 and a beta of 0.50.
Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.58 EPS for the quarter. The business had revenue of $60.77 million during the quarter. Hurco Companies had a return on equity of 6.00% and a net margin of 4.88%. Equities analysts expect that Hurco Companies, Inc. will post $2.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 9th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 22nd. This represents a $0.40 annualized dividend and a yield of 1.01%. Hurco Companies’s dividend payout ratio is currently 23.53%.
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Separately, ValuEngine raised shares of Hurco Companies from a “hold” rating to a “buy” rating in a research report on Friday, September 1st.
In related news, Director Robert W. Cruickshank sold 3,000 shares of the firm’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $39.03, for a total value of $117,090.00. Following the transaction, the director now owns 37,396 shares in the company, valued at $1,459,565.88. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Robert W. Cruickshank sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $39.00, for a total value of $39,000.00. Following the completion of the transaction, the director now owns 37,396 shares in the company, valued at approximately $1,458,444. The disclosure for this sale can be found here. Corporate insiders own 8.30% of the company’s stock.
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.
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