ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur Sells 1,994 Shares

ScanSource, Inc. (NASDAQ:SCSC - Get Free Report) CEO Michael L. Baur sold 1,994 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $38.00, for a total transaction of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares in the company, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

ScanSource Stock Up 0.6 %

NASDAQ SCSC traded up $0.22 during trading hours on Thursday, reaching $37.34. 205,442 shares of the company's stock traded hands, compared to its average volume of 208,377. ScanSource, Inc. has a 52-week low of $36.63 and a 52-week high of $53.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The firm has a 50-day simple moving average of $47.36 and a 200 day simple moving average of $47.98. The firm has a market cap of $876.00 million, a PE ratio of 14.76, a PEG ratio of 1.16 and a beta of 1.43.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing the consensus estimate 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 in the prior year, the company earned $0.85 EPS. Sell-side analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current fiscal year.

Hedge Funds Weigh In On ScanSource

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of ScanSource by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company's stock valued at $131,828,000 after purchasing an additional 425,233 shares during the last quarter. Wasatch Advisors LP raised its stake in ScanSource by 13.2% during the 3rd quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company's stock valued at $52,737,000 after buying an additional 127,883 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of ScanSource by 13.1% during the 4th quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company's stock valued at $36,030,000 after buying an additional 87,721 shares during the period. Invesco Ltd. boosted its stake in shares of ScanSource by 2.4% in the 4th quarter. Invesco Ltd. now owns 618,099 shares of the industrial products company's stock worth $29,329,000 after buying an additional 14,669 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in shares of ScanSource by 15.6% in the fourth quarter. JPMorgan Chase & Co. now owns 436,007 shares of the industrial products company's stock worth $20,689,000 after acquiring an additional 58,927 shares during the period. Institutional investors own 97.91% of the company's stock.

ScanSource Company Profile

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.