Renaissance Technologies LLC Has $4.56 Million Stake in Hurco Companies, Inc. (HURC)

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Renaissance Technologies LLC grew its position in Hurco Companies, Inc. (NASDAQ:HURC) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,782 shares of the scientific and technical instruments company’s stock after acquiring an additional 4,200 shares during the period. Renaissance Technologies LLC’s holdings in Hurco Companies were worth $4,555,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its position in Hurco Companies by 17.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 13,300 shares of the scientific and technical instruments company’s stock valued at $611,000 after purchasing an additional 2,000 shares during the last quarter. Northern Trust Corp raised its position in Hurco Companies by 2.4% during the 1st quarter. Northern Trust Corp now owns 77,318 shares of the scientific and technical instruments company’s stock valued at $3,548,000 after purchasing an additional 1,778 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Hurco Companies by 1.4% during the 1st quarter. BlackRock Inc. now owns 310,356 shares of the scientific and technical instruments company’s stock worth $14,247,000 after acquiring an additional 4,428 shares during the period. New York State Common Retirement Fund grew its holdings in shares of Hurco Companies by 141.2% during the 1st quarter. New York State Common Retirement Fund now owns 17,363 shares of the scientific and technical instruments company’s stock worth $797,000 after acquiring an additional 10,163 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Hurco Companies by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 564,654 shares of the scientific and technical instruments company’s stock worth $25,918,000 after acquiring an additional 5,862 shares during the period. 81.51% of the stock is currently owned by institutional investors and hedge funds.

HURC stock opened at $43.34 on Wednesday. Hurco Companies, Inc. has a fifty-two week low of $38.30 and a fifty-two week high of $50.50. The company has a market cap of $302.93 million, a price-to-earnings ratio of 13.42 and a beta of 0.37.

Hurco Companies (NASDAQ:HURC) last posted its earnings results on Friday, September 7th. The scientific and technical instruments company reported $0.95 earnings per share for the quarter. Hurco Companies had a return on equity of 10.83% and a net margin of 6.78%. The firm had revenue of $78.75 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 11th. Investors of record on Thursday, September 27th were paid a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.44 annualized dividend and a dividend yield of 1.02%.

Separately, BidaskClub downgraded Hurco Companies from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th.

In related news, CEO Michael Doar sold 4,922 shares of the company’s stock in a transaction that occurred on Tuesday, October 9th. The stock was sold at an average price of $44.58, for a total value of $219,422.76. Following the sale, the chief executive officer now owns 95,733 shares in the company, valued at approximately $4,267,777.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 7.90% of the company’s stock.

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 offers general purpose computerized machine tools, such as vertical machining centers and turning centers. It also provides computer numerical control (CNC) machine tools, knee mills, vertical machining centers, tool room bed mills, combination lathes, horizontal machining centers, slant-bed lathes, and bridge mills; and double column vertical machining centers, and high-speed drill and tap machines.

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

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