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Polar Asset Management Partners Inc., a significant shareholder in Hurco Companies Inc. (NASDAQ:HURC), has reported a series of stock sales totaling $93,030, according to a recent SEC filing. The company, currently valued at $100.7 million, has seen its stock decline 18.6% year-to-date, trading significantly below its 52-week high of $23.76. InvestingPro analysis suggests the stock is currently undervalued. The transactions occurred on March 26 and March 27, with 3,000 shares sold each day at prices ranging from $15.50 to $15.51 per share. Following these transactions, Polar Asset Management holds 763,582 shares in the company. The sales were executed under indirect ownership, with Polar Asset Management serving as an investment advisor to various funds holding the securities. InvestingPro has identified several key factors about HURC, including its attractive Price/Book ratio of 0.51. Subscribers can access 6 additional ProTips and comprehensive financial metrics on the platform.
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