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 stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $38.00, for a total value of $75,772.00. Following the sale, the chief executive officer now owns 142,760 shares of the company’s stock, valued at $5,424,880. This represents a 1.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

ScanSource Stock Down 2.2 %

Shares of NASDAQ SCSC opened at $37.12 on Thursday. The firm’s fifty day moving average is $47.64 and its 200 day moving average is $48.06. ScanSource, Inc. has a 52 week low of $36.63 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 company has a market cap of $870.84 million, a price-to-earnings ratio of 14.67, a PEG ratio of 1.16 and a beta of 1.43.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 EPS 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 quarter in the prior year, the company earned $0.85 EPS. On average, equities research analysts expect that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Institutional Investors Weigh In On ScanSource

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