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Polar Asset Management Partners Inc., a significant shareholder in Hurco Companies Inc. (NASDAQ:HURC), recently sold 3,000 shares of the company’s common stock. The shares were sold at a price of $15.51 each, amounting to a total transaction value of $46,530. The transaction price sits near the stock’s 52-week low of $14.82, with shares down 25% over the past six months. According to InvestingPro analysis, the stock appears undervalued at current levels. Following this sale, Polar Asset Management holds 760,582 shares of Hurco Companies.
The transaction was disclosed in a recent SEC filing, highlighting Polar Asset Management’s role as an investment advisor to various funds. The firm has stated that it does not claim beneficial ownership of the securities, except for its pecuniary interest. Despite recent price weakness, Hurco maintains a strong balance sheet with a current ratio of 4.93 and has sustained dividend payments for 12 consecutive years. The sale was executed on March 28, 2025, as part of the firm’s ongoing investment management strategy. Discover more key insights and 8 additional ProTips for HURC with InvestingPro.
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