ScanSource, Inc. (NASDAQ:SCSC) CEO Sells $1,045,636.20 in Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 24,093 shares of ScanSource 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 directly owns 118,080 shares in the company, valued at approximately $5,124,672. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

ScanSource Price Performance

Shares of NASDAQ SCSC opened at $43.75 on Friday. 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 one year low of $26.99 and a one year high of $50.95. The firm has a market capitalization of $1.08 billion, a P/E ratio of 13.89, a PEG ratio of 1.28 and a beta of 1.44. The company’s fifty day moving average is $45.87 and its two-hundred day moving average is $42.57.

ScanSource (NASDAQ:SCSC) last issued its earnings results on Tuesday, May 7th. The industrial products company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.84 by ($0.15). ScanSource had a return on equity of 8.28% and a net margin of 2.31%. The company had revenue of $752.60 million for the quarter, compared to analyst estimates of $822.10 million. During the same quarter in the previous year, the company posted $0.96 earnings per share. The company’s quarterly revenue was down 15.0% compared to the same quarter last year. Analysts forecast that ScanSource, Inc. will post 3.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in shares of ScanSource in the fourth quarter valued at approximately $46,000. Gladius Capital Management LP acquired a new stake in shares of ScanSource during the 3rd quarter worth about $36,000. SG Americas Securities LLC purchased a new stake in shares of ScanSource during the first quarter worth about $128,000. ProShare Advisors LLC purchased a new position in shares of ScanSource during the first quarter valued at approximately $220,000. Finally, Sollinda Capital Management LLC acquired a new stake in ScanSource during the fourth quarter worth approximately $277,000. Hedge funds and other 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.