Acadian Asset Management LLC Sells 11,829 Shares of Hurco Companies, Inc. (NASDAQ:HURC)

Acadian Asset Management LLC lowered its holdings in Hurco Companies, Inc. (NASDAQ:HURC) by 32.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,850 shares of the scientific and technical instruments company’s stock after selling 11,829 shares during the period. Acadian Asset Management LLC owned about 0.37% of Hurco Companies worth $1,001,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of HURC. Royce & Associates LP increased its position in Hurco Companies by 0.6% in the 4th quarter. Royce & Associates LP now owns 1,000,784 shares of the scientific and technical instruments company’s stock valued at $35,728,000 after acquiring an additional 6,108 shares during the period. BlackRock Inc. increased its position in shares of Hurco Companies by 2.9% during the 4th quarter. BlackRock Inc. now owns 353,230 shares of the scientific and technical instruments company’s stock valued at $12,610,000 after purchasing an additional 9,794 shares during the period. Vanguard Group Inc. increased its position in shares of Hurco Companies by 2.9% during the 3rd quarter. Vanguard Group Inc. now owns 300,656 shares of the scientific and technical instruments company’s stock valued at $13,559,000 after purchasing an additional 8,599 shares during the period. JPMorgan Chase & Co. increased its position in shares of Hurco Companies by 62.7% during the 1st quarter. JPMorgan Chase & Co. now owns 172,969 shares of the scientific and technical instruments company’s stock valued at $6,976,000 after purchasing an additional 66,679 shares during the period. Finally, FMR LLC increased its position in shares of Hurco Companies by 0.4% during the 4th quarter. FMR LLC now owns 118,760 shares of the scientific and technical instruments company’s stock valued at $4,240,000 after purchasing an additional 487 shares during the period. 80.57% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts recently issued reports on the company. BidaskClub cut Hurco Companies from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. ValuEngine cut Hurco Companies from a “hold” rating to a “sell” rating in a report on Thursday, May 23rd.

Shares of NASDAQ HURC traded up $0.90 during mid-day trading on Monday, reaching $36.46. The company had a trading volume of 17,400 shares, compared to its average volume of 21,926. The stock has a market capitalization of $240.64 million, a PE ratio of 9.12 and a beta of 0.71. The business has a 50-day moving average price of $36.60. Hurco Companies, Inc. has a 1-year low of $31.96 and a 1-year high of $46.55.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Monday, July 1st will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, June 28th.

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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