Insider Buying: Hurco Companies, Inc. (NASDAQ:HURC) Chairman Buys 2,000 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) Chairman Michael Doar purchased 2,000 shares of Hurco Companies stock in a transaction on Tuesday, June 24th. The shares were acquired at an average price of $15.99 per share, for a total transaction of $31,980.00. Following the completion of the transaction, the chairman now directly owns 221,460 shares of the company's stock, valued at approximately $3,541,145.40. The trade was a 0.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, June 23rd, Michael Doar purchased 4,000 shares of Hurco Companies stock. The shares were acquired at an average price of $15.74 per share, for a total transaction of $62,960.00.

Hurco Companies Price Performance

NASDAQ HURC traded down $0.12 on Friday, reaching $18.47. 33,552 shares of the company's stock traded hands, compared to its average volume of 20,706. Hurco Companies, Inc. has a 12 month low of $13.19 and a 12 month high of $23.76. The stock has a 50-day simple moving average of $15.15 and a 200 day simple moving average of $17.24. The stock has a market cap of $120.24 million, a PE ratio of -6.18 and a beta of 0.45.

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. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%. The business had revenue of $40.87 million for the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC lifted its position in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 188,958 shares of the scientific and technical instruments company's stock after purchasing an additional 52,667 shares during the period. Pacific Ridge Capital Partners LLC owned about 2.85% of Hurco Companies worth $3,645,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.