PCM, Inc. (PCMI) Chairman Frank F. Khulusi Sells 80,150 Shares of Stock
PCM, Inc. (NASDAQ:PCMI) Chairman Frank F. Khulusi sold 80,150 shares of the business’s stock in a transaction that occurred on Friday, January 13th. The stock was sold at an average price of $22.77, for a total value of $1,825,015.50. Following the sale, the chairman now directly owns 33,443 shares of the company’s stock, valued at $761,497.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
PCM, Inc. (NASDAQ:PCMI) opened at 22.70 on Friday. The stock has a 50 day moving average price of $21.35 and a 200-day moving average price of $18.35. PCM, Inc. has a 52 week low of $7.48 and a 52 week high of $24.53. The stock’s market cap is $268.97 million.
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A number of hedge funds have recently modified their holdings of the company. Stifel Financial Corp bought a new stake in shares of PCM during the second quarter valued at approximately $3,788,000. Acadian Asset Management LLC raised its stake in shares of PCM by 4,148.6% in the third quarter. Acadian Asset Management LLC now owns 265,452 shares of the company’s stock valued at $5,718,000 after buying an additional 259,204 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of PCM by 1,095.7% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 157,650 shares of the company’s stock valued at $3,396,000 after buying an additional 144,465 shares during the period. Algert Global LLC bought a new stake in shares of PCM during the third quarter valued at approximately $2,049,000. Finally, Spark Investment Management LLC bought a new stake in shares of PCM during the third quarter valued at approximately $1,979,000. Institutional investors and hedge funds own 43.55% of the company’s stock.
A number of analysts have commented on PCMI shares. B. Riley reissued a “buy” rating and set a $22.00 price objective on shares of PCM in a report on Thursday, September 22nd. Roth Capital set a $21.00 target price on PCM and gave the stock a “hold” rating in a research note on Friday, October 21st. Finally, Zacks Investment Research downgraded PCM from a “buy” rating to a “hold” rating in a research note on Friday, October 28th.
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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