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

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 1,994 shares of the company’s stock in a transaction dated 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 directly owns 142,760 shares in the company, valued at approximately $5,424,880. This trade represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

ScanSource Price Performance

NASDAQ SCSC opened at $37.96 on Wednesday. The company has a market cap of $890.54 million, a PE ratio of 15.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.43. ScanSource, Inc. has a 52 week low of $37.39 and a 52 week high of $53.90. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $47.96 and its two-hundred day simple moving average is $48.13.

ScanSource (NASDAQ:SCSC) last announced 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 firm earned $0.85 EPS. Research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On ScanSource

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gladius Capital Management LP bought a new stake in shares of ScanSource during the third quarter valued at about $30,000. Point72 DIFC Ltd bought a new stake in shares of ScanSource during the third quarter valued at about $35,000. KBC Group NV increased its position in shares of ScanSource by 59.9% during the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock valued at $57,000 after buying an additional 443 shares during the period. Quest Partners LLC increased its position in shares of ScanSource by 42.6% during the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after buying an additional 395 shares during the period. Finally, Picton Mahoney Asset Management increased its position in shares of ScanSource by 50.9% during the fourth quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock valued at $106,000 after buying an additional 758 shares during the period. 97.91% of the stock is currently owned by institutional investors.

About ScanSource

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.