Hurco Companies, Inc. (NASDAQ:HURC) President Gregory S. Volovic sold 8,115 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were 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 directly owns 38,839 shares of the company’s stock, valued at approximately $1,865,825.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hurco Companies, Inc. (NASDAQ:HURC) opened at $48.00 on Friday. The firm has a market cap of $319.11, a P/E ratio of 21.33 and a beta of 0.52. Hurco Companies, Inc. has a 52-week low of $26.25 and a 52-week high of $50.33.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings results 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 firm had revenue of $75.93 million during the quarter.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend was Tuesday, January 2nd. Hurco Companies’s dividend payout ratio (DPR) is 17.78%.

A number of hedge funds have recently modified their holdings of HURC. Federated Investors Inc. PA acquired a new position in Hurco Companies during the second quarter worth approximately $292,000. JPMorgan Chase & Co. increased its position in 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 during the last quarter. Wells Fargo & Company MN increased its position in 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 purchasing an additional 152 shares during the last quarter. Nationwide Fund Advisors increased its position in Hurco Companies by 7.8% during the second quarter. Nationwide Fund Advisors now owns 8,281 shares of the scientific and technical instruments company’s stock worth $288,000 after purchasing an additional 600 shares during the last quarter. Finally, Northern Trust Corp increased its position in Hurco Companies by 4.4% during the second quarter. Northern Trust Corp now owns 76,399 shares of the scientific and technical instruments company’s stock worth $2,655,000 after purchasing an additional 3,212 shares during the last quarter. 78.93% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on HURC shares. BidaskClub lowered shares of Hurco Companies from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. ValuEngine lowered shares of Hurco Companies from a “buy” rating to a “hold” rating in a research report on Friday, December 1st.

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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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