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

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

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

• On Tuesday, June 24th, Michael Doar acquired 2,000 shares of Hurco Companies stock. The shares were bought at an average cost of $15.99 per share, for a total transaction of $31,980.00.

Hurco Companies Stock Down 0.6%

HURC traded down $0.12 during trading on Friday, reaching $18.47. 33,552 shares of the company were exchanged, compared to its average volume of 20,706. The company has a market cap of $120.24 million, a price-to-earnings ratio of -6.18 and a beta of 0.45. The company's 50-day moving average is $15.15 and its two-hundred day moving average is $17.24. Hurco Companies, Inc. has a 12-month low of $13.19 and a 12-month high of $23.76.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised Hurco Companies from a "sell" rating to a "hold" rating in a 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 boosted its holdings in Hurco Companies, Inc. (NASDAQ:HURC - Free Report) by 38.6% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 188,958 shares of the scientific and technical instruments company's stock after acquiring an additional 52,667 shares during the quarter. Pacific Ridge Capital Partners LLC owned 2.85% of Hurco Companies worth $3,645,000 at the end of the most recent reporting period. 74.36% of the stock is owned by institutional investors.

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.