Insider Buying: Hurco Companies, Inc. (NASDAQ:HURC) CFO Buys $29,749.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) CFO Sonja K. Mcclelland bought 1,420 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average cost of $20.95 per share, for a total transaction of $29,749.00. Following the completion of the transaction, the chief financial officer now owns 67,937 shares of the company’s stock, valued at approximately $1,423,280.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hurco Companies Price Performance

HURC opened at $21.25 on Monday. Hurco Companies, Inc. has a one year low of $20.40 and a one year high of $30.41. The stock has a market capitalization of $137.32 million, a P/E ratio of 40.87 and a beta of 0.48. The company’s 50 day simple moving average is $21.87 and its 200-day simple moving average is $22.99.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, September 8th. The scientific and technical instruments company reported $0.04 EPS for the quarter. The company had revenue of $53.20 million during the quarter. Hurco Companies had a net margin of 1.51% and a return on equity of 1.49%.

Hurco Companies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, September 29th. Hurco Companies’s dividend payout ratio (DPR) is currently 123.08%.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Hurco Companies in a report on Thursday, August 17th. They issued a “hold” rating on the stock.

Institutional Investors Weigh In On Hurco Companies

A number of institutional investors have recently made changes to their positions in the business. Ameriprise Financial Inc. lifted its holdings in Hurco Companies by 25.4% in the first quarter. Ameriprise Financial Inc. now owns 307,622 shares of the scientific and technical instruments company’s stock worth $7,789,000 after buying an additional 62,353 shares during the period. Kennedy Capital Management LLC grew its position in Hurco Companies by 27.2% during the second quarter. Kennedy Capital Management LLC now owns 74,340 shares of the scientific and technical instruments company’s stock valued at $1,609,000 after buying an additional 15,902 shares during the period. Geode Capital Management LLC grew its holdings in Hurco Companies by 3.3% during the first quarter. Geode Capital Management LLC now owns 58,120 shares of the scientific and technical instruments company’s stock valued at $1,472,000 after purchasing an additional 1,878 shares during the period. Bank of New York Mellon Corp grew its holdings in Hurco Companies by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 31,213 shares of the scientific and technical instruments company’s stock valued at $984,000 after purchasing an additional 858 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its stake in shares of Hurco Companies by 8.3% in the second quarter. Diamond Hill Capital Management Inc. now owns 19,500 shares of the scientific and technical instruments company’s stock worth $422,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 71.43% of the company’s stock.

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. The company's principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.