Michael L. Baur Sells 24,093 Shares of ScanSource, Inc. (NASDAQ:SCSC) Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 24,093 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $43.40, for a total transaction of $1,045,636.20. Following the completion of the sale, the chief executive officer now owns 118,080 shares of the company’s stock, valued at approximately $5,124,672. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

ScanSource Stock Performance

ScanSource stock traded up $0.30 during trading hours on Wednesday, hitting $43.75. The stock had a trading volume of 140,747 shares, compared to its average volume of 217,604. ScanSource, Inc. has a fifty-two week low of $26.99 and a fifty-two week high of $50.95. The company has a market cap of $1.08 billion, a PE ratio of 13.89, a price-to-earnings-growth ratio of 1.34 and a beta of 1.45. The company has a 50-day moving average of $45.82 and a two-hundred day moving average of $42.55. 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 issued its earnings results on Tuesday, May 7th. The industrial products company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.15). The firm had revenue of $752.60 million during the quarter, compared to the consensus estimate of $822.10 million. ScanSource had a return on equity of 8.28% and a net margin of 2.31%. The firm’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period last year, the business earned $0.96 earnings per share. On average, equities research analysts anticipate that ScanSource, Inc. will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On ScanSource

A number of institutional investors have recently added to or reduced their stakes in the stock. Allianz Asset Management GmbH bought a new stake in shares of ScanSource during the fourth quarter worth $1,419,000. Sollinda Capital Management LLC bought a new position in shares of ScanSource in the 4th quarter valued at about $277,000. Dimensional Fund Advisors LP lifted its holdings in ScanSource by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,934,258 shares of the industrial products company’s stock valued at $76,616,000 after buying an additional 27,751 shares during the period. Pzena Investment Management LLC increased its holdings in ScanSource by 4.9% in the fourth quarter. Pzena Investment Management LLC now owns 1,893,151 shares of the industrial products company’s stock valued at $74,988,000 after purchasing an additional 89,103 shares during the last quarter. Finally, Wasatch Advisors LP bought a new position in ScanSource during the 4th quarter worth approximately $24,912,000. 97.91% of the stock is owned by institutional investors and hedge funds.

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.