PC Connection, Inc. (NASDAQ:CNXN) CEO Timothy J. Mcgrath sold 9,700 shares of the company’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of $26.85, for a total value of $260,445.00. Following the transaction, the chief executive officer now directly owns 207,207 shares in the company, valued at approximately $5,563,507.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

PC Connection, Inc. (NASDAQ CNXN) traded down $0.16 during trading on Tuesday, reaching $26.83. The company’s stock had a trading volume of 33,638 shares, compared to its average volume of 41,167. The firm has a market capitalization of $723.75, a price-to-earnings ratio of 15.33, a price-to-earnings-growth ratio of 1.56 and a beta of 1.60. PC Connection, Inc. has a 12 month low of $23.52 and a 12 month high of $30.48.

PC Connection (NASDAQ:CNXN) last posted its earnings results on Thursday, October 26th. The company reported $0.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $729.23 million for the quarter, compared to analyst estimates of $727.84 million. PC Connection had a return on equity of 10.84% and a net margin of 1.63%. PC Connection’s revenue was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.53 earnings per share. research analysts predict that PC Connection, Inc. will post 1.81 EPS for the current year.

The company also recently announced a special dividend, which will be paid on Friday, January 12th. Shareholders of record on Friday, December 29th will be issued a $0.34 dividend. The ex-dividend date is Thursday, December 28th.

A number of research analysts recently weighed in on the company. BidaskClub lowered PC Connection from a “hold” rating to a “sell” rating in a report on Thursday, January 4th. ValuEngine lowered PC Connection from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research raised PC Connection from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 27th.

A number of institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP grew its holdings in PC Connection by 20.6% in the third quarter. GSA Capital Partners LLP now owns 25,914 shares of the company’s stock valued at $731,000 after purchasing an additional 4,418 shares during the last quarter. California Public Employees Retirement System acquired a new stake in shares of PC Connection during the third quarter valued at $275,000. Citadel Advisors LLC boosted its stake in shares of PC Connection by 13.5% during the third quarter. Citadel Advisors LLC now owns 28,265 shares of the company’s stock valued at $797,000 after acquiring an additional 3,361 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of PC Connection by 141.7% during the third quarter. JPMorgan Chase & Co. now owns 10,501 shares of the company’s stock valued at $291,000 after acquiring an additional 6,157 shares during the last quarter. Finally, Nordea Investment Management AB boosted its stake in shares of PC Connection by 2.8% during the third quarter. Nordea Investment Management AB now owns 137,400 shares of the company’s stock valued at $3,873,000 after acquiring an additional 3,700 shares during the last quarter. 41.10% of the stock is currently owned by institutional investors.

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About PC Connection

PC Connection, Inc is a provider of a range of information technology (IT) solutions. The Company conducts its business operations through three business segments: small- to medium-sized businesses (SMB), Large Account and Public Sector. The Company enables customers to design, enable, manage and service their IT environments.

Insider Buying and Selling by Quarter for PC Connection (NASDAQ:CNXN)

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