Hurco Companies, Inc. (NASDAQ:HURC) Chairman Purchases $61,200.00 in Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) Chairman Michael Doar purchased 3,000 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were acquired at an average cost of $20.40 per share, with a total value of $61,200.00. Following the purchase, the chairman directly owned 226,460 shares of the company's stock, valued at approximately $4,619,784. The trade was a 1.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

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

• On Friday, June 27th, Michael Doar purchased 2,000 shares of Hurco Companies stock. The stock was bought at an average cost of $18.50 per share, with a total value of $37,000.00.
• On Tuesday, June 24th, Michael Doar bought 2,000 shares of Hurco Companies stock. The stock was acquired at an average price of $15.99 per share, for a total transaction of $31,980.00.
• On Monday, June 23rd, Michael Doar purchased 4,000 shares of Hurco Companies stock. The stock was acquired at an average cost of $15.74 per share, for a total transaction of $62,960.00.

Hurco Companies Stock Performance

Hurco Companies stock remained flat at $19.93 during midday trading on Thursday. 9,906 shares of the company were exchanged, compared to its average volume of 21,488. The firm has a 50 day simple moving average of $15.99 and a two-hundred day simple moving average of $17.28. The stock has a market cap of $129.74 million, a price-to-earnings ratio of -6.67 and a beta of 0.54. Hurco Companies, Inc. has a twelve month low of $13.19 and a twelve month high of $23.76.

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

Hedge Funds Weigh In On Hurco Companies

An institutional investor recently raised its position in Hurco Companies stock. George Kaiser Family Foundation raised its stake in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 16.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,591 shares of the scientific and technical instruments company's stock after buying an additional 4,036 shares during the period. Hurco Companies comprises about 0.1% of George Kaiser Family Foundation's investment portfolio, making the stock its 20th biggest position. George Kaiser Family Foundation owned 0.44% of Hurco Companies worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 74.36% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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.

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.