Hurco Companies, Inc. (NASDAQ:HURC) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its position in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 23.9% in the 4th quarter, HoldingsChannel reports. The firm owned 31,022 shares of the scientific and technical instruments company’s stock after selling 9,758 shares during the period. Bank of New York Mellon Corp’s holdings in Hurco Companies were worth $598,000 as of its most recent filing with the Securities & Exchange Commission.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Hurco Companies from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th.

Insider Activity

In related news, major shareholder Polar Asset Management Partner sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $15.78, for a total value of $47,340.00. Following the transaction, the insider now owns 772,582 shares in the company, valued at approximately $12,191,343.96. This trade represents a 0.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 10,905 shares of company stock valued at $226,196 over the last quarter. Company insiders own 8.70% of the company’s stock.

Hurco Companies Price Performance

HURC stock opened at $15.70 on Friday. The company’s 50 day simple moving average is $19.28 and its 200-day simple moving average is $19.98. The firm has a market capitalization of $101.80 million, a PE ratio of -6.13 and a beta of 0.42. Hurco Companies, Inc. has a 12 month low of $14.83 and a 12 month high of $23.76.

Hurco Companies (NASDAQ:HURC) last issued its quarterly earnings data on Friday, March 7th. The scientific and technical instruments company reported ($0.67) earnings per share (EPS) for the quarter. The company had revenue of $46.41 million during the quarter. Hurco Companies had a negative net margin of 8.90% and a negative return on equity of 7.78%.

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. Its principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.