Insider Buying: Hurco Companies, Inc. (NASDAQ:HURC) Chairman Buys 4,000 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURC - Get Free Report) Chairman Michael Doar acquired 4,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was acquired at an average price of $15.74 per share, with a total value of $62,960.00. Following the completion of the transaction, the chairman now directly owns 219,460 shares of the company's stock, valued at $3,454,300.40. This trade represents a 1.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link.

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

• On Tuesday, June 24th, Michael Doar purchased 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.

Hurco Companies Stock Up 4.7%

NASDAQ HURC traded up $0.75 on Wednesday, reaching $16.74. The stock had a trading volume of 32,319 shares, compared to its average volume of 20,458. The stock has a fifty day moving average price of $14.93 and a two-hundred day moving average price of $17.27. Hurco Companies, Inc. has a 12-month low of $13.19 and a 12-month high of $23.76. The firm has a market capitalization of $108.94 million, a price-to-earnings ratio of -5.65 and a beta of 0.45.

Hurco Companies (NASDAQ:HURC - Get Free Report) last announced its quarterly earnings data 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 during the quarter. Hurco Companies had a negative net margin of 10.58% and a negative return on equity of 9.54%.

Institutional Trading of Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. Pacific Ridge Capital Partners LLC lifted its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. 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 quarter. Pacific Ridge Capital Partners LLC owned approximately 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. 74.36% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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.

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