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

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.00, for a total value of $75,772.00. Following the sale, the chief executive officer now directly owns 142,760 shares of the company’s stock, valued at approximately $5,424,880. This represents a 1.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

ScanSource Trading Up 1.9 %

Shares of NASDAQ:SCSC opened at $38.76 on Tuesday. 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 52-week low of $37.39 and a 52-week high of $53.90. The stock has a market cap of $909.31 million, a price-to-earnings ratio of 15.32, a PEG ratio of 1.16 and a beta of 1.43. The business has a 50-day moving average price of $48.25 and a 200-day moving average price of $48.22.

ScanSource (NASDAQ:SCSC) last posted its quarterly 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 return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the previous year, the business earned $0.85 EPS. Equities analysts predict that ScanSource, Inc. will post 3.33 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCSC. Pacer Advisors Inc. grew its position in ScanSource by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,744,702 shares of the industrial products company’s stock worth $131,828,000 after purchasing an additional 425,233 shares during the period. Wasatch Advisors LP grew its holdings in ScanSource by 13.2% during the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company’s stock worth $52,737,000 after acquiring an additional 127,883 shares during the period. JPMorgan Chase & Co. grew its holdings in ScanSource by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company’s stock worth $18,111,000 after acquiring an additional 91,069 shares during the period. Jacobs Levy Equity Management Inc. raised its position in ScanSource by 12.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 220,923 shares of the industrial products company’s stock valued at $10,611,000 after acquiring an additional 24,264 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC lifted its holdings in ScanSource by 1.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 194,809 shares of the industrial products company’s stock valued at $9,357,000 after acquiring an additional 2,300 shares during the period. 97.91% of the stock is currently owned by institutional investors and hedge funds.

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.