Hurco Companies, Inc. (NASDAQ:HURC) Chairman Michael Doar Buys 4,000 Shares

Hurco Companies, Inc. (NASDAQ:HURC) Chairman Michael Doar purchased 4,000 shares of Hurco Companies stock in a transaction dated Monday, June 23rd. The stock was acquired at an average price of $15.74 per share, for a total transaction of $62,960.00. Following the completion of the acquisition, the chairman now owns 219,460 shares of the company’s stock, valued at approximately $3,454,300.40. This trade represents a 1.86% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

• On Tuesday, June 24th, Michael Doar acquired 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 6.1%

Shares of NASDAQ:HURC opened at $16.97 on Thursday. The firm has a 50 day moving average of $14.98 and a 200 day moving average of $17.27. The company has a market capitalization of $110.42 million, a price-to-earnings ratio of -5.68 and a beta of 0.45. Hurco Companies, Inc. has a 52 week low of $13.19 and a 52 week high of $23.76.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, June 6th. The scientific and technical instruments company reported ($0.62) earnings per share (EPS) for the quarter. The company 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%.

Hedge Funds Weigh In On Hurco Companies

A hedge fund recently raised its stake in Hurco Companies stock. George Kaiser Family Foundation grew its position in Hurco Companies, Inc. (NASDAQ:HURC) by 16.4% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,591 shares of the scientific and technical instruments company’s stock after buying an additional 4,036 shares during the period. Hurco Companies accounts for about 0.1% of George Kaiser Family Foundation’s portfolio, making the stock its 20th largest position. George Kaiser Family Foundation owned approximately 0.44% of Hurco Companies worth $443,000 at the end of the most recent reporting period. Institutional investors own 74.36% of the company’s stock.

Analyst Ratings Changes

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

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