ScanSource, Inc. (NASDAQ:SCSC) CEO Sells $341,630.38 in Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 7,798 shares of the company’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $43.81, for a total transaction of $341,630.38. Following the completion of the transaction, the chief executive officer now owns 118,080 shares in the company, valued at $5,173,084.80. The transaction was disclosed in a filing with the SEC, which is available at this link.

ScanSource Trading Up 3.9 %

Shares of NASDAQ:SCSC traded up $1.64 during trading on Thursday, reaching $44.12. The stock had a trading volume of 152,418 shares, compared to its average volume of 215,746. ScanSource, Inc. has a fifty-two week low of $26.99 and a fifty-two week high of $50.95. The business has a fifty day moving average price of $45.93 and a 200-day moving average price of $42.69. The stock has a market cap of $1.09 billion, a P/E ratio of 14.01, a PEG ratio of 1.25 and a beta of 1.44. The company has a quick ratio of 1.38, a current ratio of 2.20 and a debt-to-equity ratio of 0.15.

ScanSource (NASDAQ:SCSC) last posted its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.84 by ($0.15). The business had revenue of $752.60 million for the quarter, compared to analyst estimates of $822.10 million. ScanSource had a return on equity of 8.28% and a net margin of 2.31%. ScanSource’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.96 EPS. As a group, analysts anticipate that ScanSource, Inc. will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of ScanSource

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SCSC. CWM LLC increased its holdings in shares of ScanSource by 164.1% during the 2nd quarter. CWM LLC now owns 647 shares of the industrial products company’s stock worth $29,000 after buying an additional 402 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of ScanSource by 343.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 11,800 shares of the industrial products company’s stock worth $523,000 after purchasing an additional 9,141 shares during the period. EMC Capital Management grew its holdings in shares of ScanSource by 3.5% during the 1st quarter. EMC Capital Management now owns 7,398 shares of the industrial products company’s stock worth $326,000 after purchasing an additional 247 shares during the period. Price T Rowe Associates Inc. MD increased its position in ScanSource by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,572 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 813 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its holdings in ScanSource by 10.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,862 shares of the industrial products company’s stock valued at $962,000 after buying an additional 2,011 shares during the period. Hedge funds and other institutional investors own 97.91% of the company’s stock.

ScanSource Company Profile

ScanSource, Inc distributes technology products and solutions in the United States, Canada, and internationally. 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.