Hurco Companies, Inc. (HURC) Holdings Cut by LSV Asset Management
LSV Asset Management trimmed its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 22.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 67,514 shares of the scientific and technical instruments company’s stock after selling 19,965 shares during the period. LSV Asset Management’s holdings in Hurco Companies were worth $2,849,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its holdings in Hurco Companies by 3.8% during the second quarter. Wells Fargo & Company MN now owns 4,161 shares of the scientific and technical instruments company’s stock valued at $144,000 after purchasing an additional 152 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Hurco Companies during the second quarter valued at $201,000. First Trust Advisors LP purchased a new position in Hurco Companies during the third quarter valued at $202,000. The Manufacturers Life Insurance Company lifted its holdings in Hurco Companies by 12.2% during the second quarter. The Manufacturers Life Insurance Company now owns 5,989 shares of the scientific and technical instruments company’s stock valued at $207,000 after purchasing an additional 652 shares in the last quarter. Finally, Numeric Investors LLC purchased a new position in Hurco Companies during the second quarter valued at $222,000. 79.21% of the stock is currently owned by institutional investors and hedge funds.
Several research firms have issued reports on HURC. BidaskClub downgraded shares of Hurco Companies from a “buy” rating to a “hold” rating in a report on Saturday, December 2nd. ValuEngine raised shares of Hurco Companies from a “hold” rating to a “buy” rating in a report on Monday, February 5th.
Hurco Companies (NASDAQ:HURC) last issued its earnings results on Friday, January 5th. The scientific and technical instruments company reported $1.00 EPS for the quarter. The business had revenue of $75.93 million during the quarter. Hurco Companies had a net margin of 6.20% and a return on equity of 7.76%.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Wednesday, January 3rd were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Tuesday, January 2nd. Hurco Companies’s dividend payout ratio (DPR) is 17.78%.
In other news, CFO Sonja K. Mcclelland sold 5,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $48.01, for a total value of $240,050.00. Following the completion of the sale, the chief financial officer now directly owns 25,399 shares in the company, valued at $1,219,405.99. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Ronald G. Strackbein sold 6,000 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $47.42, for a total transaction of $284,520.00. Following the completion of the sale, the director now owns 3,893 shares of the company’s stock, valued at $184,606.06. The disclosure for this sale can be found here. Insiders sold 35,715 shares of company stock valued at $1,703,825 over the last quarter. Company insiders own 7.90% of the company’s stock.
About Hurco Companies
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.
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