Rhumbline Advisers increased its stake in shares of Hurco Companies, Inc. (NASDAQ:HURC) by 7.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,234 shares of the scientific and technical instruments company’s stock after buying an additional 624 shares during the quarter. Rhumbline Advisers owned about 0.14% of Hurco Companies worth $330,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc lifted its holdings in 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 worth $13,559,000 after buying an additional 8,599 shares in the last quarter. Vanguard Group Inc. lifted its holdings in 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 worth $13,559,000 after buying an additional 8,599 shares in the last quarter. MetLife Investment Advisors LLC lifted its holdings in Hurco Companies by 55.2% during 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 buying an additional 1,747 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Hurco Companies by 3.1% during the 3rd quarter. Renaissance Technologies LLC now owns 104,922 shares of the scientific and technical instruments company’s stock worth $4,732,000 after buying an additional 3,140 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in shares of Hurco Companies by 0.7% in the 3rd quarter. Royce & Associates LP now owns 994,676 shares of the scientific and technical instruments company’s stock valued at $44,860,000 after purchasing an additional 6,678 shares in the last quarter. Hedge funds and other institutional investors own 80.57% of the company’s stock.
Separately, BidaskClub raised shares of Hurco Companies from a “sell” rating to a “hold” rating in a research report on Wednesday, February 27th.
HURC traded up $0.70 during midday trading on Monday, reaching $40.20. 14,508 shares of the company’s stock were exchanged, compared to its average volume of 28,405. The stock has a market cap of $269.51 million, a P/E ratio of 10.81 and a beta of 0.70. Hurco Companies, Inc. has a 1-year low of $31.96 and a 1-year high of $50.50.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Monday, April 1st will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 29th. This represents a $0.48 dividend on an annualized basis and a yield of 1.19%. This is a boost from Hurco Companies’s previous quarterly dividend of $0.11.
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Hurco Companies Company Profile
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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