Michael L. Baur Sells 15,000 Shares of ScanSource, Inc. (NASDAQ:SCSC) Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 15,000 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

ScanSource Stock Performance

ScanSource stock opened at $37.12 on Thursday. The firm has a fifty day simple moving average of $47.64 and a two-hundred day simple moving average of $48.06. 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 twelve month low of $36.63 and a twelve month high of $53.90. The company has a market capitalization of $870.84 million, a PE ratio of 14.67, a P/E/G ratio of 1.16 and a beta of 1.43.

ScanSource (NASDAQ:SCSC) last issued its 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 previous year, the firm earned $0.85 EPS. Research analysts expect that ScanSource, Inc. will post 3.33 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SCSC. Gladius Capital Management LP purchased a new stake in ScanSource during the 3rd quarter valued at $30,000. Point72 DIFC Ltd purchased a new stake in shares of ScanSource during the third quarter worth about $35,000. KBC Group NV grew its stake in shares of ScanSource by 59.9% in the third quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after purchasing an additional 443 shares during the last quarter. Quest Partners LLC increased its holdings in ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company’s stock valued at $64,000 after purchasing an additional 395 shares during the period. Finally, New Age Alpha Advisors LLC bought a new position in ScanSource during the 4th quarter valued at approximately $64,000. 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.