Sheets Smith Wealth Management Buys Shares of 5,647 Hurco Companies, Inc. (HURC)

Sheets Smith Wealth Management bought a new position in shares of Hurco Companies, Inc. (NASDAQ:HURC) in the third quarter, HoldingsChannel reports. The firm bought 5,647 shares of the scientific and technical instruments company’s stock, valued at approximately $255,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Polar Asset Management Partners Inc. acquired a new position in Hurco Companies during the 1st quarter worth approximately $2,347,000. BlackRock Inc. boosted its position in Hurco Companies by 9.7% during the 2nd quarter. BlackRock Inc. now owns 340,445 shares of the scientific and technical instruments company’s stock worth $15,234,000 after acquiring an additional 30,089 shares during the last quarter. Dalton Greiner Hartman Maher & Co. boosted its position in Hurco Companies by 30.0% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 91,226 shares of the scientific and technical instruments company’s stock worth $4,082,000 after acquiring an additional 21,035 shares during the last quarter. Millennium Management LLC boosted its position in Hurco Companies by 44.0% during the 1st quarter. Millennium Management LLC now owns 49,967 shares of the scientific and technical instruments company’s stock worth $2,293,000 after acquiring an additional 15,266 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in Hurco Companies by 141.2% during the 1st quarter. New York State Common Retirement Fund now owns 17,363 shares of the scientific and technical instruments company’s stock worth $797,000 after acquiring an additional 10,163 shares during the last quarter. 81.51% of the stock is owned by institutional investors and hedge funds.

In other Hurco Companies news, CEO Michael Doar sold 4,922 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $44.58, for a total transaction of $219,422.76. Following the completion of the transaction, the chief executive officer now owns 95,733 shares of the company’s stock, valued at approximately $4,267,777.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 7.90% of the company’s stock.

NASDAQ:HURC opened at $43.34 on Wednesday. Hurco Companies, Inc. has a twelve month low of $38.30 and a twelve month high of $50.50. The company has a market cap of $302.93 million, a price-to-earnings ratio of 13.42 and a beta of 0.37.

Hurco Companies (NASDAQ:HURC) last released its quarterly earnings results on Friday, September 7th. The scientific and technical instruments company reported $0.95 earnings per share for the quarter. Hurco Companies had a return on equity of 10.83% and a net margin of 6.78%. The firm had revenue of $78.75 million during the quarter.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Shareholders of record on Thursday, September 27th were given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date was Wednesday, September 26th.

Separately, BidaskClub raised Hurco Companies from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 1st.

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. The company offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools, knee mills, vertical machining centers, tool room bed mills, combination lathes, horizontal machining centers, slant-bed lathes, and bridge mills; and double column vertical machining centers, and high-speed drill and tap machines.

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Institutional Ownership by Quarter for Hurco Companies (NASDAQ:HURC)

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