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Hurco Companies Inc (NASDAQ:HURC) Executive Chairman Michael Doar reported purchasing shares of common stock in three separate transactions on June 23 and 24, 2025. The purchases totaled $94,940 with prices ranging from $15.68 to $15.99. The transactions occurred with the stock trading at just 0.52 times book value, according to InvestingPro data, suggesting potential undervaluation.
According to a Form 4 filing with the Securities and Exchange Commission, Doar acquired 2,000 shares on June 23 at $15.68 per share, for a total of $31,360. On the same day, Doar bought another 2,000 shares at $15.80 per share, for a total of $31,600. On June 24, Doar purchased an additional 2,000 shares at $15.99 per share, for a total of $31,980. Following these transactions, Doar directly owns 221,460 shares of Hurco Companies Inc, representing a significant stake in the $104 million market cap company. The company maintains strong liquidity with a current ratio of 4.74 and holds more cash than debt on its balance sheet. Discover more key insights and financial metrics with InvestingPro, including additional ProTips about Hurco’s financial position.
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