Insider Selling: PCM Inc (PCMI) Insider Sells $1,176,450.92 in Stock
PCM Inc (NASDAQ:PCMI) insider Simon M. Abuyounes sold 52,732 shares of the company’s stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $22.31, for a total transaction of $1,176,450.92. Following the transaction, the insider now owns 59,463 shares of the company’s stock, valued at $1,326,619.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of NASDAQ:PCMI opened at $21.50 on Friday. The firm has a market cap of $266.97 million, a PE ratio of 19.77, a P/E/G ratio of 0.55 and a beta of 0.83. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.01 and a quick ratio of 0.89. PCM Inc has a 52-week low of $6.90 and a 52-week high of $25.23.
PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Wednesday, July 25th. The specialty retailer reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.26. The company had revenue of $546.43 million during the quarter, compared to the consensus estimate of $569.98 million. PCM had a net margin of 0.33% and a return on equity of 13.96%. sell-side analysts anticipate that PCM Inc will post 2.02 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in PCM by 49.9% in the first quarter. GSA Capital Partners LLP now owns 21,038 shares of the specialty retailer’s stock valued at $175,000 after purchasing an additional 7,000 shares during the period. Bank of America Corp DE increased its holdings in PCM by 919.3% in the second quarter. Bank of America Corp DE now owns 7,798 shares of the specialty retailer’s stock valued at $118,000 after purchasing an additional 7,033 shares during the period. Laurion Capital Management LP acquired a new stake in PCM in the second quarter valued at $187,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in PCM by 9.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 147,681 shares of the specialty retailer’s stock valued at $2,237,000 after purchasing an additional 13,000 shares during the period. Finally, California Public Employees Retirement System increased its holdings in PCM by 137.7% in the first quarter. California Public Employees Retirement System now owns 33,005 shares of the specialty retailer’s stock valued at $274,000 after purchasing an additional 19,122 shares during the period. Institutional investors and hedge funds own 52.39% of the company’s stock.
PCM, Inc, through its subsidiaries, operates as a multi-vendor provider of technology products and solutions in the United States and the rest of Europe. The company operates through four segments: Commercial, Public Sector, Canada, and United Kingdom. It primarily sells device products, servers, storage products, network products, printers, and related accessories and devices.
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