ScanSource, Inc. (SCSC) CEO Michael L. Baur Sells 26,428 Shares
ScanSource, Inc. (NASDAQ:SCSC) CEO Michael L. Baur sold 26,428 shares of ScanSource stock in a transaction dated Tuesday, November 13th. The shares were sold at an average price of $41.37, for a total value of $1,093,326.36. Following the completion of the sale, the chief executive officer now directly owns 58,439 shares in the company, valued at approximately $2,417,621.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ SCSC opened at $40.42 on Wednesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 13.00 and a beta of 0.72. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.98 and a current ratio of 1.85. ScanSource, Inc. has a twelve month low of $31.40 and a twelve month high of $44.30.
ScanSource (NASDAQ:SCSC) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.89 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.01. The firm had revenue of $972.90 million for the quarter, compared to the consensus estimate of $976.97 million. ScanSource had a return on equity of 9.57% and a net margin of 1.11%. The business’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. On average, analysts anticipate that ScanSource, Inc. will post 3.57 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in SCSC. Rehmann Capital Advisory Group acquired a new position in ScanSource during the second quarter worth approximately $161,000. ClariVest Asset Management LLC acquired a new position in ScanSource during the second quarter worth approximately $201,000. Palouse Capital Management Inc. acquired a new position in ScanSource during the second quarter worth approximately $205,000. First Citizens Bank & Trust Co. acquired a new position in ScanSource during the third quarter worth approximately $209,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in ScanSource during the second quarter worth approximately $218,000. 95.35% of the stock is currently owned by hedge funds and other institutional investors.
ScanSource Company Profile
ScanSource, Inc distributes technology products and solutions in North America, Latin America, and Europe. It operates in two segments, Worldwide Barcode, Networking & Security (WW Barcode, Networking & Security); and Worldwide Communications & Services (WW Communications & Services).
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