ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur Sells 24,093 Shares of 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 transaction, the chief executive officer now directly owns 118,080 shares in the company, valued at $5,124,672. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ScanSource Stock Up 0.7 %

Shares of SCSC opened at $43.75 on Thursday. The firm has a market cap of $1.08 billion, a P/E ratio of 13.89, a price-to-earnings-growth ratio of 1.28 and a beta of 1.44. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 2.20. ScanSource, Inc. has a 52 week low of $26.99 and a 52 week high of $50.95. The firm’s 50-day simple moving average is $45.84 and its 200 day simple moving average is $42.56.

ScanSource (NASDAQ:SCSC) last posted 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 analyst estimates of $822.10 million. ScanSource had a net margin of 2.31% and a return on equity of 8.28%. ScanSource’s revenue for the quarter was down 15.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.96 EPS. On average, analysts forecast that ScanSource, Inc. will post 3.31 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. EMC Capital Management grew its stake in shares of ScanSource by 3.5% in the first quarter. EMC Capital Management now owns 7,398 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 247 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of ScanSource by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,572 shares of the industrial products company’s stock worth $686,000 after purchasing an additional 813 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of ScanSource by 10.1% in the first quarter. CANADA LIFE ASSURANCE Co now owns 21,862 shares of the industrial products company’s stock valued at $962,000 after buying an additional 2,011 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of ScanSource in the first quarter valued at approximately $1,651,000. Finally, Hillsdale Investment Management Inc. grew its position in ScanSource by 8.4% during the first quarter. Hillsdale Investment Management Inc. now owns 86,206 shares of the industrial products company’s stock worth $3,797,000 after buying an additional 6,700 shares in the last quarter. Institutional investors own 97.91% of the company’s stock.

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.