Thomson Horstmann & Bryant Inc. trimmed its holdings in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 4.0% during the third quarter, HoldingsChannel.com reports. The fund owned 231,324 shares of the scientific and technical instruments company’s stock after selling 9,726 shares during the quarter. Hurco Companies accounts for about 1.3% of Thomson Horstmann & Bryant Inc.’s holdings, making the stock its 21st biggest position. Thomson Horstmann & Bryant Inc.’s holdings in Hurco Companies were worth $10,432,000 at the end of the most recent reporting period.
Other large investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in Hurco Companies by 14.7% during the third quarter. Wells Fargo & Company MN now owns 10,248 shares of the scientific and technical instruments company’s stock valued at $462,000 after acquiring an additional 1,317 shares during the last quarter. First Trust Advisors LP grew its position in Hurco Companies by 36.0% during the third quarter. First Trust Advisors LP now owns 9,590 shares of the scientific and technical instruments company’s stock valued at $433,000 after acquiring an additional 2,536 shares during the last quarter. Sheets Smith Wealth Management bought a new position in Hurco Companies during the third quarter valued at approximately $255,000. Dalton Greiner Hartman Maher & Co. grew its position in Hurco Companies by 7.2% during the third quarter. Dalton Greiner Hartman Maher & Co. now owns 97,828 shares of the scientific and technical instruments company’s stock valued at $4,412,000 after acquiring an additional 6,602 shares during the last quarter. Finally, Bank of America Corp DE grew its position in Hurco Companies by 30.6% during the second quarter. Bank of America Corp DE now owns 5,913 shares of the scientific and technical instruments company’s stock valued at $264,000 after acquiring an additional 1,384 shares during the last quarter. 80.70% of the stock is currently owned by institutional investors and hedge funds.
Shares of NASDAQ HURC opened at $40.02 on Tuesday. Hurco Companies, Inc. has a one year low of $38.08 and a one year high of $50.50. The company has a market cap of $274.59 million, a price-to-earnings ratio of 12.17 and a beta of 0.55.
Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings results on Friday, September 7th. The scientific and technical instruments company reported $0.95 EPS 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 17th. Shareholders of record on Thursday, January 3rd will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, January 2nd.
In other Hurco Companies news, CEO Michael Doar sold 4,922 shares of the stock in a transaction that occurred on Tuesday, October 9th. The shares were sold at an average price of $44.58, for a total transaction of $219,422.76. Following the transaction, the chief executive officer now directly owns 95,733 shares in the company, valued at $4,267,777.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.90% of the stock is owned by company insiders.
A number of brokerages have commented on HURC. BidaskClub upgraded shares of Hurco Companies from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 2nd. ValuEngine upgraded shares of Hurco Companies from a “sell” rating to a “hold” rating in a research report on Friday, November 2nd.
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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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