Cornerstone Capital Management Holdings LLC. Boosts Holdings in Hurco Companies, Inc. (HURC)

Cornerstone Capital Management Holdings LLC. raised its stake in Hurco Companies, Inc. (NASDAQ:HURC) by 438.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,000 shares of the scientific and technical instruments company’s stock after acquiring an additional 5,700 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.11% of Hurco Companies worth $290,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of HURC. FMR LLC boosted its stake in shares of Hurco Companies by 8.0% in the 2nd quarter. FMR LLC now owns 659,299 shares of the scientific and technical instruments company’s stock valued at $22,911,000 after purchasing an additional 48,980 shares during the last quarter. Strs Ohio boosted its stake in shares of Hurco Companies by 40.4% in the 3rd quarter. Strs Ohio now owns 13,900 shares of the scientific and technical instruments company’s stock valued at $578,000 after purchasing an additional 4,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Hurco Companies by 1.2% in the 2nd quarter. Vanguard Group Inc. now owns 200,487 shares of the scientific and technical instruments company’s stock valued at $6,967,000 after purchasing an additional 2,450 shares during the last quarter. First Quadrant L P CA bought a new position in shares of Hurco Companies in the 3rd quarter valued at about $270,000. Finally, Quantum Capital Management bought a new position in shares of Hurco Companies in the 3rd quarter valued at about $808,000. Hedge funds and other institutional investors own 79.17% of the company’s stock.

Hurco Companies, Inc. (NASDAQ HURC) opened at $42.15 on Thursday. Hurco Companies, Inc. has a one year low of $26.25 and a one year high of $46.75. The firm has a market cap of $275.90, a P/E ratio of 24.79 and a beta of 0.52.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Wednesday, January 3rd will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.95%. The ex-dividend date is Tuesday, January 2nd. Hurco Companies’s payout ratio is 23.53%.

In related news, Director Robert W. Cruickshank sold 2,000 shares of Hurco Companies stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $42.25, for a total transaction of $84,500.00. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael Doar sold 7,000 shares of Hurco Companies stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of $41.06, for a total transaction of $287,420.00. Following the transaction, the chief executive officer now directly owns 96,377 shares in the company, valued at approximately $3,957,239.62. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock worth $416,920 in the last three months. 8.30% of the stock is owned by insiders.

Several research analysts recently weighed in on HURC shares. ValuEngine raised shares of Hurco Companies from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Hurco Companies from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd.

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Hurco Companies 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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