Michael Doar Purchases 2,000 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) Chairman Michael Doar acquired 2,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was bought at an average price of $18.50 per share, with a total value of $37,000.00. Following the purchase, the chairman directly owned 223,460 shares in the company, valued at approximately $4,134,010. This trade represents a 0.90% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Michael Doar also recently made the following trade(s):

• On Tuesday, June 24th, Michael Doar purchased 2,000 shares of Hurco Companies stock. The shares were purchased at an average price of $15.99 per share, with a total value of $31,980.00.
• On Monday, June 23rd, Michael Doar acquired 4,000 shares of Hurco Companies stock. The stock was purchased at an average cost of $15.74 per share, for a total transaction of $62,960.00.

Hurco Companies Stock Performance

NASDAQ HURC traded up $0.29 during trading on Thursday, reaching $20.27. 2,108 shares of the company's stock were exchanged, compared to its average volume of 21,286. The stock has a market cap of $131.96 million, a P/E ratio of -6.78 and a beta of 0.54. The company has a 50 day moving average price of $15.45 and a two-hundred day moving average price of $17.24. Hurco Companies, Inc. has a 1 year low of $13.19 and a 1 year high of $23.76.

Hurco Companies (NASDAQ:HURC - Get Free Report) last issued its earnings results on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share for the quarter. The business had revenue of $40.87 million for the quarter. Hurco Companies had a negative return on equity of 9.54% and a negative net margin of 10.58%.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Hurco Companies from a "sell" rating to a "hold" rating in a research report on Wednesday, March 12th.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC grew its stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 188,958 shares of the scientific and technical instruments company's stock after buying an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. Institutional investors own 74.36% of the company's stock.

Hurco Companies Company Profile

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.