Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 74,349 shares of the scientific and technical instruments company's stock, valued at approximately $1,702,000. Diamond Hill Capital Management LLC Investment Advisor owned 1.15% of Hurco Companies as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of HURC. Ameriprise Financial Inc. lifted its stake in shares of Hurco Companies by 0.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 321,811 shares of the scientific and technical instruments company's stock worth $6,082,000 after acquiring an additional 1,733 shares during the period. Diamond Hill Capital Management Inc. boosted its stake in shares of Hurco Companies by 23.3% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company's stock worth $1,086,000 after acquiring an additional 13,296 shares in the last quarter. Marshall Wace LLP boosted its position in Hurco Companies by 180.3% during the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company's stock worth $1,163,000 after purchasing an additional 48,397 shares in the last quarter. Brooklands Fund Management Ltd boosted its position in shares of Hurco Companies by 9.3% in the 4th quarter. Brooklands Fund Management Ltd now owns 305,691 shares of the scientific and technical instruments company's stock worth $5,056,000 after buying an additional 26,000 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Hurco Companies during the 2nd quarter worth approximately $499,000. Institutional investors and hedge funds own 74.36% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings restated a "sell (d-)" rating on shares of Hurco Companies in a research report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Sell".
Read Our Latest Stock Analysis on HURC
Hurco Companies Trading Up 0.4%
HURC stock opened at $22.60 on Tuesday. The company has a market capitalization of $146.45 million, a P/E ratio of -11.53 and a beta of 0.70. Hurco Companies, Inc. has a twelve month low of $14.50 and a twelve month high of $23.75. The firm has a 50 day simple moving average of $22.00 and a 200-day simple moving average of $18.46.
Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its quarterly earnings results on Friday, June 5th. The scientific and technical instruments company reported ($0.37) earnings per share for the quarter. The firm had revenue of $47.62 million during the quarter. Hurco Companies had a negative net margin of 6.92% and a negative return on equity of 6.37%.
Hurco Companies Company Profile
(
Free Report)
Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company's product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.
Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.
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