Michael L. Baur Sells 1,994 Shares of ScanSource, Inc. (NASDAQ:SCSC) Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction on Monday, February 10th. The stock was sold at an average price of $38.00, for a total transaction of $75,772.00. Following the transaction, the chief executive officer now directly owns 142,760 shares in the company, valued at $5,424,880. This represents a 1.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

ScanSource Price Performance

SCSC opened at $37.96 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.11 and a quick ratio of 1.30. The company has a market capitalization of $890.54 million, a price-to-earnings ratio of 15.00, a P/E/G ratio of 1.16 and a beta of 1.43. The firm’s fifty day moving average price is $47.96 and its two-hundred day moving average price is $48.13. ScanSource, Inc. has a 1 year low of $37.39 and a 1 year high of $53.90.

ScanSource (NASDAQ:SCSC) last issued its quarterly earnings results on Thursday, January 30th. The industrial products company reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.04). ScanSource had a return on equity of 8.55% and a net margin of 2.08%. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, analysts anticipate that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On ScanSource

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Gladius Capital Management LP purchased a new position in shares of ScanSource in the 3rd quarter worth about $30,000. Point72 DIFC Ltd purchased a new position in shares of ScanSource in the 3rd quarter worth about $35,000. KBC Group NV boosted its holdings in shares of ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock worth $57,000 after buying an additional 443 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of 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 buying an additional 395 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its holdings in shares of ScanSource by 50.9% in the 4th quarter. Picton Mahoney Asset Management now owns 2,246 shares of the industrial products company’s stock worth $106,000 after buying an additional 758 shares during the last quarter. 97.91% of the stock is owned by hedge funds and other institutional investors.

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.