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

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) Chairman Michael Doar bought 3,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 2nd. The stock was purchased at an average price of $20.40 per share, for a total transaction of $61,200.00. Following the completion of the transaction, the chairman directly owned 226,460 shares of the company's stock, valued at $4,619,784. This represents a 1.34% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

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

Hurco Companies Stock Down 1.0%

Shares of HURC stock traded down $0.19 during trading hours on Wednesday, reaching $19.80. 21,490 shares of the stock traded hands, compared to its average volume of 21,497. Hurco Companies, Inc. has a 1-year low of $13.19 and a 1-year high of $23.76. The business has a fifty day moving average price of $15.84 and a 200 day moving average price of $17.26. The firm has a market capitalization of $128.90 million, a PE ratio of -6.62 and a beta of 0.54.

Hurco Companies (NASDAQ:HURC - Get Free Report) last posted its quarterly earnings data on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter. The firm 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%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Hurco Companies stock. Pacific Ridge Capital Partners LLC raised its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 188,958 shares of the scientific and technical instruments company's stock after buying an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned about 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent quarter. Institutional investors own 74.36% of the company's stock.

Wall Street Analysts Forecast Growth

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

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. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.