Insider Selling: Hurco Companies, Inc. (NASDAQ:HURC) Director Sells $64,341.54 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) Director Richard R. Porter sold 2,187 shares of the business’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $29.42, for a total transaction of $64,341.54. Following the completion of the sale, the director now owns 12,526 shares in the company, valued at approximately $368,514.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

NASDAQ HURC opened at $28.23 on Thursday. The company has a fifty day moving average of $29.90 and a two-hundred day moving average of $28.75. The firm has a market capitalization of $185.33 million, a price-to-earnings ratio of 26.14 and a beta of 0.77. Hurco Companies, Inc. has a 52 week low of $20.39 and a 52 week high of $39.38.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, September 4th. The scientific and technical instruments company reported $0.32 EPS for the quarter. Hurco Companies had a net margin of 3.92% and a return on equity of 3.09%.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, October 2nd will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, October 1st.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisor Group Holdings Inc. purchased a new position in Hurco Companies during the first quarter worth $49,000. Citigroup Inc. boosted its stake in Hurco Companies by 35.3% during the first quarter. Citigroup Inc. now owns 1,732 shares of the scientific and technical instruments company’s stock worth $50,000 after buying an additional 452 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Hurco Companies by 30.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,974 shares of the scientific and technical instruments company’s stock worth $57,000 after buying an additional 455 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Hurco Companies during the second quarter valued at $123,000. Finally, Bank of America Corp DE boosted its stake in shares of Hurco Companies by 176.9% during the second quarter. Bank of America Corp DE now owns 6,505 shares of the scientific and technical instruments company’s stock valued at $182,000 after purchasing an additional 4,156 shares during the period. 79.58% of the stock is owned by institutional investors.

Hurco Companies Company Profile

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

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