Hurco Companies, Inc. (NASDAQ:HURC) Shares Sold by Kennedy Capital Management LLC

Kennedy Capital Management LLC lowered its position in Hurco Companies, Inc. (NASDAQ:HURC) by 1.5% during the first quarter, Holdings Channel.com reports. The fund owned 72,046 shares of the scientific and technical instruments company’s stock after selling 1,067 shares during the quarter. Kennedy Capital Management LLC’s holdings in Hurco Companies were worth $1,452,000 at the end of the most recent quarter.

Separately, Pacific Ridge Capital Partners LLC grew its position in Hurco Companies by 16.7% in the first quarter. Pacific Ridge Capital Partners LLC now owns 216,603 shares of the scientific and technical instruments company’s stock valued at $4,367,000 after acquiring an additional 31,026 shares in the last quarter. 74.36% of the stock is owned by hedge funds and other institutional investors.

Hurco Companies Trading Down 1.2 %

HURC stock opened at $17.20 on Thursday. The company has a market capitalization of $112.20 million, a P/E ratio of -37.39 and a beta of 0.38. The firm has a 50 day simple moving average of $16.78 and a 200-day simple moving average of $19.93. Hurco Companies, Inc. has a twelve month low of $14.82 and a twelve month high of $28.20.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings results on Friday, June 7th. The scientific and technical instruments company reported ($0.61) EPS for the quarter. The firm had revenue of $45.17 million during the quarter. Hurco Companies had a negative net margin of 1.38% and a negative return on equity of 1.30%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of Hurco Companies from a “hold” rating to a “sell” rating in a report on Thursday, June 6th.

Insider Activity at Hurco Companies

In other news, CFO Sonja K. Mcclelland acquired 1,950 shares of Hurco Companies stock in a transaction that occurred on Tuesday, July 9th. The stock was purchased at an average price of $15.32 per share, with a total value of $29,874.00. Following the completion of the transaction, the chief financial officer now owns 81,266 shares in the company, valued at $1,244,995.12. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders purchased 2,915 shares of company stock worth $44,565 in the last quarter. 7.20% of the stock is owned by company insiders.

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.