Hurco Companies, Inc. (HURC) Holdings Cut by Bowling Portfolio Management LLC

Bowling Portfolio Management LLC reduced its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 6.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 37,669 shares of the scientific and technical instruments company’s stock after selling 2,608 shares during the period. Bowling Portfolio Management LLC’s holdings in Hurco Companies were worth $1,699,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bank of America Corp DE increased its stake in shares of Hurco Companies by 30.6% in the second quarter. Bank of America Corp DE now owns 5,913 shares of the scientific and technical instruments company’s stock worth $264,000 after acquiring an additional 1,384 shares during the last quarter. Northern Trust Corp increased its stake in shares of Hurco Companies by 2.4% in the first quarter. Northern Trust Corp now owns 77,318 shares of the scientific and technical instruments company’s stock worth $3,548,000 after acquiring an additional 1,778 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Hurco Companies by 17.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 13,300 shares of the scientific and technical instruments company’s stock worth $611,000 after acquiring an additional 2,000 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Hurco Companies by 240.2% in the first quarter. Russell Investments Group Ltd. now owns 2,943 shares of the scientific and technical instruments company’s stock worth $135,000 after acquiring an additional 2,078 shares during the last quarter. Finally, Strs Ohio increased its stake in shares of Hurco Companies by 13.9% in the second quarter. Strs Ohio now owns 17,200 shares of the scientific and technical instruments company’s stock worth $769,000 after acquiring an additional 2,100 shares during the last quarter. 81.61% of the stock is currently owned by institutional investors.

In other news, CEO Michael Doar sold 4,922 shares of the company’s stock in a transaction on Tuesday, October 9th. The shares were sold at an average price of $44.58, for a total value of $219,422.76. Following the transaction, the chief executive officer now directly owns 95,733 shares of the company’s stock, valued at $4,267,777.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.30% of the company’s stock.

NASDAQ HURC opened at $41.75 on Friday. Hurco Companies, Inc. has a 1-year low of $38.30 and a 1-year high of $50.50. The firm has a market capitalization of $290.04 million, a PE ratio of 12.85 and a beta of 0.37.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings results on Friday, September 7th. The scientific and technical instruments company reported $0.95 earnings per share for the quarter. Hurco Companies had a net margin of 6.78% and a return on equity of 10.83%. The business had revenue of $78.75 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Stockholders of record on Thursday, September 27th were paid a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Wednesday, September 26th.

Separately, BidaskClub raised shares of Hurco Companies from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 1st.

Hurco Companies 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, 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.

Featured Story: Asset Allocation

Want to see what other hedge funds are holding HURC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hurco Companies, Inc. (NASDAQ:HURC).

Institutional Ownership by Quarter for Hurco Companies (NASDAQ:HURC)

Receive News & Ratings for Hurco Companies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hurco Companies and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply