Still betting on Nvidia? Our AI picked this stock instead; it’s up 96%+ THIS MONTH
In a recent transaction, Polar Asset Management Partners Inc., a significant shareholder in Hurco Companies Inc. (NASDAQ:HURC), sold 3,395 shares of the company’s common stock. The shares were sold at a price of $22.62 each, amounting to a total transaction value of $76,794. The sale comes as the stock has declined nearly 8% over the past week, though trading at an attractive price-to-book ratio of 0.65. InvestingPro analysis reveals several more key insights about HURC’s valuation and future prospects.
Following this transaction, Polar Asset Management holds 775,582 shares of Hurco Companies. The sale was executed on February 18, 2025, as part of the firm’s regular portfolio management strategy. Polar Asset Management serves as an investment advisor to several funds, including the Polar Multi-Strategy Master Fund and Polar Micro-Cap Fund, and maintains voting and investment discretion over the securities held by these entities. The company maintains a strong balance sheet with a current ratio of 4.78 and has maintained dividend payments for 12 consecutive years. Investors should note that Hurco’s next earnings report is scheduled for March 6, 2025.
The filing was signed by Andrew Ma, Chief Compliance Officer, on behalf of Polar Asset Management Partners Inc., and was reported to the SEC on February 20, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.