Gregory S. Volovic Purchases 2,357 Shares of Hurco Companies, Inc. (NASDAQ:HURC) Stock

Hurco Companies, Inc. (NASDAQ:HURC) CEO Gregory S. Volovic bought 2,357 shares of the stock in a transaction on Friday, September 15th. The stock was purchased at an average price of $21.30 per share, with a total value of $50,204.10. Following the completion of the acquisition, the chief executive officer now directly owns 76,651 shares in the company, valued at approximately $1,632,666.30. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hurco Companies Trading Down 2.2 %

Shares of HURC stock opened at $21.25 on Friday. Hurco Companies, Inc. has a twelve month low of $20.40 and a twelve month high of $30.41. The stock has a market capitalization of $137.28 million, a price-to-earnings ratio of 40.87 and a beta of 0.48. The stock has a fifty day simple moving average of $21.87 and a two-hundred day simple moving average of $23.08.

Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, September 8th. The scientific and technical instruments company reported $0.04 earnings per share for the quarter. Hurco Companies had a return on equity of 1.49% and a net margin of 1.51%. The business had revenue of $53.20 million during the quarter.

Hurco Companies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Friday, September 29th. Hurco Companies’s dividend payout ratio (DPR) is currently 123.08%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Hurco Companies in a report on Thursday, August 17th. They issued a “hold” rating for the company.

Institutional Investors Weigh In On Hurco Companies

Hedge funds have recently made changes to their positions in the stock. Diamond Hill Capital Management Inc. lifted its stake in shares of Hurco Companies by 11.4% during the 1st quarter. Diamond Hill Capital Management Inc. now owns 18,000 shares of the scientific and technical instruments company’s stock worth $456,000 after purchasing an additional 1,836 shares during the last quarter. CM Wealth Advisors LLC purchased a new stake in shares of Hurco Companies during the 1st quarter worth $576,000. Bank of New York Mellon Corp lifted its stake in shares of Hurco Companies by 2.8% during the 1st quarter. Bank of New York Mellon Corp now owns 31,213 shares of the scientific and technical instruments company’s stock worth $984,000 after purchasing an additional 858 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hurco Companies by 3.3% during the 1st quarter. Geode Capital Management LLC now owns 58,120 shares of the scientific and technical instruments company’s stock worth $1,472,000 after purchasing an additional 1,878 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its stake in shares of Hurco Companies by 27.2% during the 2nd quarter. Kennedy Capital Management LLC now owns 74,340 shares of the scientific and technical instruments company’s stock worth $1,609,000 after purchasing an additional 15,902 shares during the last quarter. 71.43% of the stock is currently owned by hedge funds and other 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. The company's principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.