First Trust Advisors LP acquired a new stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,866 shares of the scientific and technical instruments company’s stock, valued at approximately $202,000. First Trust Advisors LP owned approximately 0.07% of Hurco Companies at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of HURC. Strs Ohio grew its stake in Hurco Companies by 6.5% during the second quarter. Strs Ohio now owns 9,900 shares of the scientific and technical instruments company’s stock valued at $344,000 after acquiring an additional 600 shares in the last quarter. Deprince Race & Zollo Inc. grew its stake in Hurco Companies by 2.9% during the second quarter. Deprince Race & Zollo Inc. now owns 263,219 shares of the scientific and technical instruments company’s stock valued at $9,147,000 after acquiring an additional 7,453 shares in the last quarter. Federated Investors Inc. PA purchased a new position in Hurco Companies during the second quarter valued at approximately $292,000. Royce & Associates LP grew its stake in Hurco Companies by 0.7% during the second quarter. Royce & Associates LP now owns 986,691 shares of the scientific and technical instruments company’s stock valued at $34,288,000 after acquiring an additional 7,300 shares in the last quarter. Finally, Balter Liquid Alternatives LLC purchased a new position in Hurco Companies during the second quarter valued at approximately $262,000. 79.17% of the stock is owned by institutional investors.

In other Hurco Companies news, Director Robert W. Cruickshank sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $42.25, for a total value of $84,500.00. Following the completion of the transaction, the director now owns 26,396 shares of the company’s stock, valued at approximately $1,115,231. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert W. Cruickshank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 31,000 shares of company stock valued at $1,241,780. Corporate insiders own 8.30% of the company’s stock.

Several equities analysts recently commented on the stock. BidaskClub cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. ValuEngine cut shares of Hurco Companies from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.

Hurco Companies, Inc. (NASDAQ:HURC) opened at $40.95 on Wednesday. Hurco Companies, Inc. has a 12 month low of $26.25 and a 12 month high of $46.75. The company has a market cap of $270.27, a P/E ratio of 24.00 and a beta of 0.52.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Wednesday, January 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.40 dividend on an annualized basis and a yield of 0.98%. Hurco Companies’s dividend payout ratio is presently 23.53%.

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Hurco Companies Company Profile

Hurco Companies, Inc is an industrial technology company. The Company designs, manufactures and sells computerized (Computer Numeric Control (CNC)) machine tools, consisting primarily of vertical machining centers (mills) and turning centers (lathes), to companies in the metal cutting industry. It operates in the industrial automation equipment segment.

Institutional Ownership by Quarter for Hurco Companies (NASDAQ:HURC)

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