Hurco Companies, Inc. (NASDAQ:HURC) Short Interest Update

Hurco Companies, Inc. (NASDAQ:HURCGet Rating) was the recipient of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 11,600 shares, a decrease of 48.7% from the March 15th total of 22,600 shares. Based on an average daily trading volume, of 13,200 shares, the days-to-cover ratio is currently 0.9 days. Currently, 0.2% of the company’s stock are short sold.

HURC stock traded down $0.35 on Friday, hitting $29.91. The company had a trading volume of 3,559 shares, compared to its average volume of 10,128. Hurco Companies has a 12-month low of $27.80 and a 12-month high of $38.80. The stock’s 50-day simple moving average is $32.56 and its 200 day simple moving average is $32.02. The stock has a market cap of $197.71 million, a price-to-earnings ratio of 20.92 and a beta of 0.43.

Hurco Companies (NASDAQ:HURCGet Rating) last issued its earnings results on Friday, March 4th. The scientific and technical instruments company reported $0.53 earnings per share (EPS) for the quarter. Hurco Companies had a net margin of 3.89% and a return on equity of 4.05%. The company had revenue of $66.89 million for the quarter.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 11th. Shareholders of record on Monday, March 28th were given a $0.15 dividend. The ex-dividend date of this dividend was Friday, March 25th. This is an increase from Hurco Companies’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 2.01%. Hurco Companies’s dividend payout ratio (DPR) is presently 41.96%.

Separately, StockNews.com started coverage on shares of Hurco Companies in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its position in Hurco Companies by 2.6% in the first quarter. First Trust Advisors LP now owns 11,674 shares of the scientific and technical instruments company’s stock worth $471,000 after acquiring an additional 294 shares during the period. Copeland Capital Management LLC raised its position in Hurco Companies by 39.9% in the fourth quarter. Copeland Capital Management LLC now owns 1,140 shares of the scientific and technical instruments company’s stock worth $34,000 after acquiring an additional 325 shares during the period. Penn Mutual Asset Management LLC raised its position in Hurco Companies by 10.2% in the third quarter. Penn Mutual Asset Management LLC now owns 8,645 shares of the scientific and technical instruments company’s stock worth $287,000 after acquiring an additional 800 shares during the period. Geode Capital Management LLC raised its position in Hurco Companies by 1.3% in the fourth quarter. Geode Capital Management LLC now owns 85,021 shares of the scientific and technical instruments company’s stock worth $2,525,000 after acquiring an additional 1,130 shares during the period. Finally, Value Holdings Management CO. LLC raised its position in Hurco Companies by 1.7% in the third quarter. Value Holdings Management CO. LLC now owns 87,813 shares of the scientific and technical instruments company’s stock worth $2,833,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 72.68% of the company’s stock.

Hurco Companies Company Profile (Get Rating)

Hurco Companies, Inc, an industrial technology company, designs, manufactures, and sells computerized machine tools to companies in the metal cutting industry worldwide. The company's principal products include general-purpose computerized machine tools, including vertical and horizontal machining centers, turning centers, and toolroom machines.

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