Insider Buying: Hurco Companies, Inc. (NASDAQ:HURC) CFO Acquires 1,420 Shares of Stock

Hurco Companies, Inc. (NASDAQ:HURCGet Free Report) CFO Sonja K. Mcclelland bought 1,420 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was purchased at an average cost of $20.95 per share, with a total value of $29,749.00. Following the completion of the acquisition, the chief financial officer now directly owns 67,937 shares of the company’s stock, valued at approximately $1,423,280.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Hurco Companies Price Performance

Hurco Companies stock opened at $21.25 on Friday. Hurco Companies, Inc. has a one year low of $20.40 and a one year high of $30.41. The business’s fifty day moving average is $21.87 and its 200 day moving average is $23.08. The stock has a market capitalization of $137.28 million, a PE ratio of 40.87 and a beta of 0.48.

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

Hurco Companies Announces Dividend

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

Analyst Upgrades and Downgrades

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

View Our Latest Stock Report on HURC

Hedge Funds Weigh In On Hurco Companies

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its holdings in Hurco Companies by 25.4% in the first quarter. Ameriprise Financial Inc. now owns 307,622 shares of the scientific and technical instruments company’s stock valued at $7,789,000 after acquiring an additional 62,353 shares during the period. Kennedy Capital Management LLC increased its position 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 valued at $1,609,000 after purchasing an additional 15,902 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Hurco Companies by 3.3% in 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 period. Bank of New York Mellon Corp boosted its holdings in shares of Hurco Companies by 2.8% in the first 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 buying an additional 858 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its holdings in shares of Hurco Companies by 8.3% in the second quarter. Diamond Hill Capital Management Inc. now owns 19,500 shares of the scientific and technical instruments company’s stock worth $422,000 after buying an additional 1,500 shares during the last quarter. 71.43% of the stock is currently owned by hedge funds and other institutional investors.

About Hurco Companies

(Get Free Report)

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.

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