ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) CEO Michael L. Baur sold 15,000 shares of the firm's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $38.91, for a total value of $583,650.00. Following the sale, the chief executive officer now directly owns 162,760 shares of the company's stock, valued at $6,332,991.60. This trade represents a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
ScanSource Stock Up 0.6 %
Shares of SCSC traded up $0.22 during midday trading on Thursday, reaching $37.34. 205,442 shares of the stock were exchanged, compared to its average volume of 208,377. The company has a market cap of $876.00 million, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.16 and a beta of 1.43. The firm has a 50 day simple moving average of $47.36 and a 200-day simple moving average of $47.98. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 12-month low of $36.63 and a 12-month high of $53.90.
ScanSource (NASDAQ:SCSC - Get Free Report) last released its earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.04). ScanSource had a net margin of 2.08% and a return on equity of 8.55%. During the same period last year, the business posted $0.85 earnings per share. Research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current year.
Institutional Trading of ScanSource
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SCSC. Gladius Capital Management LP acquired a new stake in shares of ScanSource during the 3rd quarter worth approximately $30,000. Point72 DIFC Ltd bought a new position in shares of ScanSource during the 3rd quarter worth approximately $35,000. KBC Group NV lifted its position in shares of ScanSource by 59.9% during the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock worth $57,000 after buying an additional 443 shares during the period. Quest Partners LLC lifted its position in shares of ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company's stock worth $64,000 after buying an additional 395 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in shares of ScanSource during the 4th quarter worth approximately $64,000. Institutional investors and hedge funds own 97.91% of the company's stock.
About ScanSource
(
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ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.
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