Hurco Companies (HURC) Cut to Strong Sell at BidaskClub

BidaskClub lowered shares of Hurco Companies (NASDAQ:HURC) from a sell rating to a strong sell rating in a research report report published on Tuesday morning.

Separately, ValuEngine cut shares of Hurco Companies from a buy rating to a hold rating in a report on Wednesday, May 2nd.

Shares of Hurco Companies opened at $45.75 on Tuesday, according to Marketbeat.com. Hurco Companies has a one year low of $32.65 and a one year high of $50.50. The stock has a market capitalization of $298.90 million, a price-to-earnings ratio of 14.88 and a beta of 0.37.

Hurco Companies (NASDAQ:HURC) last announced its earnings results on Friday, June 8th. The scientific and technical instruments company reported $0.55 EPS for the quarter. Hurco Companies had a net margin of 6.27% and a return on equity of 9.81%. The company had revenue of $70.42 million during the quarter.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, June 28th.

In related news, Director Andrew Sheeley Niner sold 8,071 shares of the firm’s stock in a transaction that occurred on Monday, March 26th. The shares were sold at an average price of $45.30, for a total transaction of $365,616.30. Following the completion of the sale, the director now directly owns 9,683 shares in the company, valued at $438,639.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 19,836 shares of company stock valued at $902,142. 8.30% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in shares of Hurco Companies by 240.2% during the first quarter. Russell Investments Group Ltd. now owns 2,943 shares of the scientific and technical instruments company’s stock worth $135,000 after purchasing an additional 2,078 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Hurco Companies during the fourth quarter worth approximately $134,000. Balter Liquid Alternatives LLC boosted its holdings in shares of Hurco Companies by 40.3% during the first quarter. Balter Liquid Alternatives LLC now owns 4,775 shares of the scientific and technical instruments company’s stock worth $219,000 after purchasing an additional 1,372 shares during the period. ClariVest Asset Management LLC acquired a new stake in shares of Hurco Companies during the first quarter worth approximately $260,000. Finally, Spark Investment Management LLC acquired a new stake in Hurco Companies in the fourth quarter valued at approximately $257,000. Institutional investors and hedge funds own 81.29% of the company’s stock.

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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