Royce & Associates Updates Hurco Co. Stake in 13G/A Filing
Ticker: HURC · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 315374
| Field | Detail |
|---|---|
| Company | Hurco Companies Inc (HURC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**Royce & Associates still owns a big chunk of Hurco, signaling continued institutional interest.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an Amendment No. 28 to its Schedule 13G on January 23, 2024, indicating its beneficial ownership of Hurco Companies, Inc. common stock as of December 31, 2023. This filing updates their previous disclosures, showing their continued significant, though passive, stake in the industrial instruments company. For investors, this means a major institutional holder remains invested, which can signal confidence, but any future changes in their position could impact stock price.
Why It Matters
This filing shows that a significant institutional investor, Royce & Associates, LP, continues to hold a substantial position in Hurco Companies, Inc., which can influence market perception and liquidity.
Risk Assessment
Risk Level: low — This is a routine update from a passive investor, indicating no immediate major changes or risks to the company.
Analyst Insight
Investors should note the continued institutional interest from Royce & Associates, LP, but recognize this is a passive stake and doesn't signal any immediate strategic changes or activist intentions. Monitor future 13G/A filings for any significant changes in their beneficial ownership percentage.
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Hurco Companies, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- New York (company) — place of organization for Royce & Associates, LP
Forward-Looking Statements
- Royce & Associates, LP will maintain a significant, passive stake in Hurco Companies, Inc. for the foreseeable future. (Royce & Associates, LP) — medium confidence, target: December 31, 2024
FAQ
What type of filing is this and what does it generally indicate?
This is an SC 13G/A filing, which is an amendment to a Schedule 13G. It generally indicates that a passive institutional investor holds more than 5% of a company's stock and is updating their previously reported ownership.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, with an IRS Identification No. of 52-2343049 and organized in New York.
Which company's securities are being reported on?
The securities being reported on are the Common Stock of Hurco Companies, Inc., which has a CUSIP Number of 447324104.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
What is the purpose of an 'Amendment No. 28' in the filing title?
The 'Amendment No. 28' indicates that this is the 28th update or change Royce & Associates, LP has made to their initial Schedule 13G filing regarding their ownership in Hurco Companies, Inc.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding HURCO COMPANIES INC (HURC).