Michael L. Baur Sells 34,203 Shares of ScanSource, Inc. (NASDAQ:SCSC) Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 34,203 shares of the stock in a transaction on Monday, July 8th. The stock was sold at an average price of $42.49, for a total value of $1,453,285.47. Following the sale, the chief executive officer now directly owns 118,080 shares in the company, valued at $5,017,219.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

ScanSource Stock Performance

SCSC opened at $44.12 on Friday. The firm has a market cap of $1.09 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 1.25 and a beta of 1.44. ScanSource, Inc. has a 52-week low of $26.99 and a 52-week high of $50.95. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 2.20. The business’s fifty day moving average is $45.93 and its 200-day moving average is $42.69.

ScanSource (NASDAQ:SCSC) last released its earnings results 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 company 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%. The business’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share. Sell-side analysts expect that ScanSource, Inc. will post 3.31 EPS for the current fiscal year.

Institutional Trading of ScanSource

Large investors have recently bought and sold shares of the business. CWM LLC boosted its stake in ScanSource by 164.1% in the second quarter. CWM LLC now owns 647 shares of the industrial products company’s stock valued at $29,000 after buying an additional 402 shares in the last quarter. Gladius Capital Management LP acquired a new stake in ScanSource in the third quarter valued at about $36,000. GAMMA Investing LLC acquired a new stake in ScanSource in the fourth quarter valued at about $46,000. SG Americas Securities LLC acquired a new stake in ScanSource in the first quarter valued at about $128,000. Finally, ProShare Advisors LLC acquired a new stake in ScanSource in the first quarter valued at about $220,000. 97.91% of the stock is owned by institutional investors and hedge funds.

About ScanSource

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.