Hurco Companies, Inc. (NASDAQ:HURC) Director Andrew Sheeley Niner sold 1,500 shares of the firm’s stock in a transaction on Friday, April 13th. The shares were sold at an average price of $45.86, for a total value of $68,790.00. Following the transaction, the director now directly owns 9,683 shares of the company’s stock, valued at approximately $444,062.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Andrew Sheeley Niner also recently made the following trade(s):
- On Wednesday, April 11th, Andrew Sheeley Niner sold 1,194 shares of Hurco Companies stock. The shares were sold at an average price of $46.98, for a total value of $56,094.12.
- On Monday, March 26th, Andrew Sheeley Niner sold 8,071 shares of Hurco Companies stock. The shares were sold at an average price of $45.30, for a total value of $365,616.30.
- On Thursday, March 29th, Andrew Sheeley Niner sold 9,071 shares of Hurco Companies stock. The shares were sold at an average price of $45.38, for a total value of $411,641.98.
Shares of NASDAQ:HURC opened at $47.35 on Thursday. Hurco Companies, Inc. has a 1-year low of $27.50 and a 1-year high of $50.33. The firm has a market cap of $314.89, a PE ratio of 15.79 and a beta of 0.35.
Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings results on Friday, March 9th. The scientific and technical instruments company reported $0.86 earnings per share for the quarter. Hurco Companies had a return on equity of 10.01% and a net margin of 6.52%. The firm had revenue of $68.44 million during the quarter.
The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Monday, April 2nd were issued a dividend of $0.11 per share. The ex-dividend date was Thursday, March 29th. This is an increase from Hurco Companies’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a dividend yield of 0.93%.
Large investors have recently modified their holdings of the company. MetLife Investment Advisors LLC bought a new position in shares of Hurco Companies during the fourth quarter valued at $134,000. Spark Investment Management LLC bought a new position in shares of Hurco Companies during the fourth quarter valued at $257,000. Two Sigma Advisers LP bought a new stake in Hurco Companies in the 4th quarter worth about $259,000. Wells Fargo & Company MN increased its holdings in Hurco Companies by 59.1% in the 3rd quarter. Wells Fargo & Company MN now owns 6,619 shares of the scientific and technical instruments company’s stock worth $275,000 after buying an additional 2,458 shares in the last quarter. Finally, Cigna Investments Inc. New increased its holdings in Hurco Companies by 35.0% in the 4th quarter. Cigna Investments Inc. New now owns 6,650 shares of the scientific and technical instruments company’s stock worth $281,000 after buying an additional 1,724 shares in the last quarter. Hedge funds and other institutional investors own 79.43% of the company’s stock.
HURC has been the subject of several analyst reports. ValuEngine upgraded Hurco Companies from a “hold” rating to a “buy” rating in a report on Monday, February 5th. BidaskClub downgraded Hurco Companies from a “hold” rating to a “sell” rating in a report on Tuesday, February 13th.
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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 offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools, knee mills, vertical machining centers, tool room bed mills, combination lathes, horizontal machining centers, slant-bed lathes, and bridge mills; and double column vertical machining centers, and high-speed drill and tap machines.
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