Bailard Inc. Sells 2,258 Shares of Hurco Companies, Inc. (HURC)

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Bailard Inc. reduced its position in Hurco Companies, Inc. (NASDAQ:HURC) by 15.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,992 shares of the scientific and technical instruments company’s stock after selling 2,258 shares during the period. Bailard Inc. owned about 0.18% of Hurco Companies worth $428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in Hurco Companies by 7.2% in the 4th quarter. Rhumbline Advisers now owns 9,234 shares of the scientific and technical instruments company’s stock worth $330,000 after acquiring an additional 624 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Hurco Companies by 14.7% in the 3rd quarter. Wells Fargo & Company MN now owns 10,248 shares of the scientific and technical instruments company’s stock worth $462,000 after acquiring an additional 1,317 shares during the last quarter. Bank of America Corp DE raised its holdings in Hurco Companies by 30.6% in the 2nd quarter. Bank of America Corp DE now owns 5,913 shares of the scientific and technical instruments company’s stock worth $264,000 after acquiring an additional 1,384 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in Hurco Companies by 55.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 4,914 shares of the scientific and technical instruments company’s stock worth $222,000 after acquiring an additional 1,747 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in Hurco Companies by 36.0% in the 3rd quarter. First Trust Advisors LP now owns 9,590 shares of the scientific and technical instruments company’s stock worth $433,000 after acquiring an additional 2,536 shares during the last quarter. Institutional investors own 79.24% of the company’s stock.

Shares of NASDAQ HURC opened at $40.18 on Thursday. Hurco Companies, Inc. has a twelve month low of $31.96 and a twelve month high of $50.50. The company has a market capitalization of $262.29 million, a P/E ratio of 10.75 and a beta of 0.64.

Hurco Companies (NASDAQ:HURC) last announced its quarterly earnings data on Friday, January 4th. The scientific and technical instruments company reported $1.22 earnings per share for the quarter. Hurco Companies had a net margin of 7.15% and a return on equity of 11.32%. The company had revenue of $83.05 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 17th. Shareholders of record on Thursday, January 3rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date was Wednesday, January 2nd.

A number of equities analysts recently weighed in on HURC shares. ValuEngine upgraded shares of Hurco Companies from a “sell” rating to a “hold” rating in a report on Friday, November 2nd. BidaskClub lowered shares of Hurco Companies from a “sell” rating to a “strong sell” rating in a report on Tuesday, November 27th.

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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; machine tools with computer control systems; and industry standard CNC controls, including Fanuc, Siemens, Mitsubishi, or Heidenhain.

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

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