George Kaiser Family Foundation Invests $1.85 Million in Hurco Companies, Inc. $HURC

George Kaiser Family Foundation bought a new position in Hurco Companies, Inc. (NASDAQ:HURC) during the second quarter, according to its most recent filing with the SEC. The firm bought 80,644 shares of the scientific and technical instruments company’s stock, valued at approximately $1,846,000. Hurco Companies makes up 0.2% of George Kaiser Family Foundation’s investment portfolio, making the stock its 25th largest holding. George Kaiser Family Foundation owned approximately 1.24% of Hurco Companies at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. State of Wyoming acquired a new position in Hurco Companies during the second quarter worth $199,000. GSA Capital Partners LLP acquired a new position in shares of Hurco Companies during the second quarter valued at about $499,000. Bank of New York Mellon Corp acquired a new position in shares of Hurco Companies during the second quarter valued at about $561,000. Diamond Hill Capital Management Inc. grew its holdings in shares of Hurco Companies by 23.3% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 70,321 shares of the scientific and technical instruments company’s stock valued at $1,086,000 after buying an additional 13,296 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Hurco Companies by 180.3% during the fourth quarter. Marshall Wace LLP now owns 75,246 shares of the scientific and technical instruments company’s stock worth $1,163,000 after acquiring an additional 48,397 shares in the last quarter. Institutional investors and hedge funds own 74.36% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Hurco Companies in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Hurco Companies Trading Up 0.8%

NASDAQ HURC opened at $22.92 on Friday. The business has a fifty day simple moving average of $22.09 and a 200 day simple moving average of $18.62. Hurco Companies, Inc. has a 12 month low of $14.50 and a 12 month high of $23.75. The firm has a market capitalization of $148.52 million, a P/E ratio of -11.69 and a beta of 0.70.

Hurco Companies (NASDAQ:HURC) last posted its quarterly earnings data on Friday, June 5th. The scientific and technical instruments company reported ($0.37) earnings per share (EPS) for the quarter. Hurco Companies had a negative return on equity of 6.37% and a negative net margin of 6.92%.The firm had revenue of $47.62 million for the quarter.

About Hurco Companies

Hurco Companies, Inc designs, manufactures, and distributes computer numerical control (CNC) machine tools and control systems for the global manufacturing industry. The company’s product portfolio includes CNC vertical machining centers, turning centers, and custom-engineered special machines under the Hurco and Beta CNC brands. In addition to hardware, Hurco develops proprietary control software that enables machinists to program complex parts quickly and efficiently, reducing setup time and improving productivity.

Founded in 1968 and headquartered in Indianapolis, Indiana, Hurco serves a wide range of industrial markets, including aerospace, automotive, medical, energy, and consumer products.