Hurco Companies, Inc. (NASDAQ:HURC) Director Richard R. Porter Sells 2,430 Shares

Hurco Companies, Inc. (NASDAQ:HURC) Director Richard R. Porter sold 2,430 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $21.60, for a total transaction of $52,488.00. Following the completion of the transaction, the director now owns 10,573 shares of the company’s stock, valued at $228,376.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Hurco Companies Price Performance

Shares of NASDAQ:HURC traded down $0.45 during trading on Tuesday, hitting $21.24. The company had a trading volume of 9,591 shares, compared to its average volume of 20,998. The stock has a market cap of $137.21 million, a price-to-earnings ratio of 41.71 and a beta of 0.48. The company has a fifty day simple moving average of $21.88 and a two-hundred day simple moving average of $22.93. Hurco Companies, Inc. has a one year low of $20.40 and a one year high of $30.41.

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

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 given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.64 annualized dividend and a yield of 3.01%. Hurco Companies’s dividend payout ratio (DPR) is presently 123.08%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Hurco Companies

Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its position in shares of Hurco Companies by 25.4% in the 1st quarter. Ameriprise Financial Inc. now owns 307,622 shares of the scientific and technical instruments company’s stock worth $7,789,000 after buying an additional 62,353 shares during the last quarter. CM Wealth Advisors LLC acquired a new stake in Hurco Companies in the first quarter valued at approximately $576,000. Kennedy Capital Management LLC grew its holdings in Hurco Companies by 27.2% in the second 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. Geode Capital Management LLC increased its position in shares of Hurco Companies by 9.2% during the second quarter. Geode Capital Management LLC now owns 63,496 shares of the scientific and technical instruments company’s stock worth $1,375,000 after purchasing an additional 5,376 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. lifted its holdings 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 valued at $456,000 after purchasing an additional 1,836 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.