Hurco Companies, Inc. (NASDAQ:HURC) Director Sells $52,488.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC) Director Richard R. Porter sold 2,430 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $21.60, for a total transaction of $52,488.00. Following the completion of the transaction, the director now directly owns 10,573 shares in the company, valued at $228,376.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hurco Companies Trading Down 2.1 %

Shares of Hurco Companies stock traded down $0.45 during mid-day trading on Tuesday, hitting $21.24. 9,591 shares of the stock were exchanged, compared to its average volume of 20,998. The stock has a market capitalization of $137.21 million, a price-to-earnings ratio of 41.71 and a beta of 0.48. The company has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $22.93. Hurco Companies, Inc. has a twelve month low of $20.40 and a twelve month high of $30.41.

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

Hurco Companies Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 3.01%. Hurco Companies’s payout ratio is 123.08%.

Hedge Funds Weigh In On Hurco Companies

Several large investors have recently added to or reduced their stakes in the company. 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 acquiring an additional 62,353 shares during the last quarter. Kennedy Capital Management LLC increased its stake in Hurco Companies by 27.2% in the 2nd quarter. Kennedy Capital Management LLC now owns 74,340 shares of the scientific and technical instruments company’s stock worth $1,609,000 after purchasing an additional 15,902 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 buying an additional 1,878 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of 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 acquiring an additional 858 shares during the period. Finally, Diamond Hill Capital Management Inc. raised its stake in Hurco Companies by 8.3% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 19,500 shares of the scientific and technical instruments company’s stock valued at $422,000 after purchasing an additional 1,500 shares during the period. 71.43% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.