Deprince Race & Zollo Inc. cut its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 29.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 146,244 shares of the scientific and technical instruments company’s stock after selling 59,870 shares during the period. Deprince Race & Zollo Inc. owned 2.20% of Hurco Companies worth $6,171,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in HURC. Unison Advisors LLC purchased a new position in shares of Hurco Companies during the fourth quarter worth about $407,000. First Quadrant L P CA lifted its position in Hurco Companies by 91.0% in the fourth quarter. First Quadrant L P CA now owns 12,394 shares of the scientific and technical instruments company’s stock valued at $523,000 after purchasing an additional 5,906 shares during the last quarter. Strs Ohio lifted its position in Hurco Companies by 17.3% in the fourth quarter. Strs Ohio now owns 16,300 shares of the scientific and technical instruments company’s stock valued at $687,000 after purchasing an additional 2,400 shares during the last quarter. Bowling Portfolio Management LLC bought a new stake in Hurco Companies in the fourth quarter valued at approximately $477,000. Finally, Acadian Asset Management LLC lifted its position in Hurco Companies by 25.4% in the fourth quarter. Acadian Asset Management LLC now owns 59,153 shares of the scientific and technical instruments company’s stock valued at $2,497,000 after purchasing an additional 11,990 shares during the last quarter. Hedge funds and other institutional investors own 79.21% of the company’s stock.
A number of equities analysts recently commented on HURC shares. ValuEngine downgraded Hurco Companies from a “buy” rating to a “hold” rating in a report on Friday, December 1st. BidaskClub downgraded Hurco Companies from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd.
Shares of Hurco Companies, Inc. (NASDAQ:HURC) opened at $41.70 on Tuesday. The company has a market capitalization of $277.08, a price-to-earnings ratio of 18.53 and a beta of 0.33. Hurco Companies, Inc. has a 12-month low of $26.25 and a 12-month high of $50.33.
Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, January 5th. The scientific and technical instruments company reported $1.00 earnings per share (EPS) for the quarter. Hurco Companies had a return on equity of 7.76% and a net margin of 6.20%. The business had revenue of $75.93 million for the quarter.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, January 3rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend was Tuesday, January 2nd. Hurco Companies’s dividend payout ratio (DPR) is currently 17.78%.
In related news, President Gregory S. Volovic sold 8,115 shares of Hurco Companies stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $48.04, for a total transaction of $389,844.60. Following the sale, the president now owns 38,839 shares of the company’s stock, valued at approximately $1,865,825.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Sonja K. Mcclelland sold 5,000 shares of Hurco Companies stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $48.01, for a total value of $240,050.00. Following the sale, the chief financial officer now directly owns 25,399 shares in the company, valued at approximately $1,219,405.99. The disclosure for this sale can be found here. Insiders sold 35,715 shares of company stock worth $1,703,825 in the last ninety days. Corporate insiders own 7.90% of the company’s stock.
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About Hurco Companies
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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