Insider Selling: ScanSource, Inc. (NASDAQ:SCSC) CEO Sells 15,000 Shares of Stock

ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $38.91, for a total value of $583,650.00. Following the completion of the transaction, the chief executive officer now owns 162,760 shares of the company’s stock, valued at $6,332,991.60. The trade was a 8.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

ScanSource Stock Performance

NASDAQ SCSC opened at $37.96 on Wednesday. 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. The firm has a market capitalization of $890.54 million, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.16 and a beta of 1.43. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15.

ScanSource (NASDAQ:SCSC) last issued its earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate 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 period in the prior year, the company earned $0.85 EPS. As a group, research analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Gladius Capital Management LP acquired a new position in shares of ScanSource in the third quarter valued at approximately $30,000. Point72 DIFC Ltd bought a new stake in ScanSource in the 3rd quarter valued at $35,000. KBC Group NV grew its holdings in ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company’s stock valued at $57,000 after buying an additional 443 shares in the last quarter. Quest Partners LLC increased its position in ScanSource by 42.6% during 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 period. Finally, Picton Mahoney Asset Management lifted its holdings in shares of ScanSource by 50.9% during the fourth 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 in the last quarter. 97.91% of the stock is owned by 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.