PCM Inc. (PCMI) Director Thomas A. Maloof Sells 5,000 Shares
PCM Inc. (NASDAQ:PCMI) Director Thomas A. Maloof sold 5,000 shares of PCM stock in a transaction on Wednesday, September 28th. The shares were sold at an average price of $20.50, for a total transaction of $102,500.00. Following the completion of the transaction, the director now directly owns 65,500 shares of the company’s stock, valued at approximately $1,342,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of PCM Inc. (NASDAQ:PCMI) opened at 20.84 on Friday. PCM Inc. has a 12 month low of $7.48 and a 12 month high of $21.13. The stock has a 50 day moving average of $18.51 and a 200 day moving average of $12.55. The firm’s market cap is $243.24 million.
PCM (NASDAQ:PCMI) last issued its earnings results on Wednesday, July 27th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.29. PCM had a negative net margin of 0.38% and a positive return on equity of 10.27%. The business earned $581 million during the quarter, compared to analysts’ expectations of $478.87 million. On average, equities research analysts expect that PCM Inc. will post $1.57 EPS for the current fiscal year.
A number of research analysts have weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $22.00 price objective on shares of PCM in a report on Tuesday. Roth Capital cut shares of PCM from a “buy” rating to a “neutral” rating in a report on Thursday, August 25th. Finally, Zacks Investment Research raised shares of PCM from a “hold” rating to a “strong-buy” rating and set a $18.00 price objective for the company in a report on Saturday, July 30th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP boosted its position in shares of PCM by 4.0% in the second quarter. Royce & Associates LP now owns 1,065,356 shares of the company’s stock valued at $11,868,000 after buying an additional 40,668 shares during the last quarter. Stifel Financial Corp acquired a new stake in shares of PCM during the second quarter worth $3,788,000. Renaissance Technologies LLC boosted its stake in shares of PCM by 29.8% in the first quarter. Renaissance Technologies LLC now owns 128,200 shares of the company’s stock worth $1,028,000 after buying an additional 29,400 shares in the last quarter. Mork Capital Management LLC acquired a new stake in shares of PCM during the second quarter worth $557,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of PCM by 0.8% in the second quarter. Bank of New York Mellon Corp now owns 46,261 shares of the company’s stock worth $515,000 after buying an additional 373 shares in the last quarter. Institutional investors and hedge funds own 34.72% of the company’s stock.
PCM, Inc is engaged in providing technology products, services and solutions through direct marketing channels, and owned and operated data centers. The Company offers technology products, solutions and other consumer products. Its segments include Commercial, Public Sector, MacMall, Canada, and Corporate & Other.
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