Thomas A. Maloof Sells 5,000 Shares of PCM Inc (NASDAQ:PCMI) Stock

PCM Inc (NASDAQ:PCMI) Director Thomas A. Maloof sold 5,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $23.59, for a total value of $117,950.00. Following the completion of the transaction, the director now owns 70,500 shares of the company’s stock, valued at $1,663,095. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of PCMI traded up $0.85 during mid-day trading on Friday, reaching $22.80. 150,228 shares of the company were exchanged, compared to its average volume of 220,330. PCM Inc has a 52 week low of $6.90 and a 52 week high of $25.23. The company has a market capitalization of $269.36 million, a price-to-earnings ratio of 21.11, a price-to-earnings-growth ratio of 0.56 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 (NASDAQ:PCMI) last released its earnings results on Wednesday, July 25th. The specialty retailer reported $0.77 EPS for the quarter, topping the consensus estimate of $0.51 by $0.26. PCM had a return on equity of 13.96% and a net margin of 0.33%. The business had revenue of $546.43 million during the quarter, compared to analysts’ expectations of $569.98 million. sell-side analysts anticipate that PCM Inc will post 2.02 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC acquired a new stake in PCM during the second quarter worth approximately $623,000. Connor Clark & Lunn Investment Management Ltd. grew its stake 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 acquiring an additional 13,000 shares during the period. JPMorgan Chase & Co. grew its stake in PCM by 1,564.3% in the first quarter. JPMorgan Chase & Co. now owns 40,826 shares of the specialty retailer’s stock valued at $339,000 after acquiring an additional 38,373 shares during the period. Weber Alan W grew its stake in PCM by 5.6% in the second quarter. Weber Alan W now owns 1,239,619 shares of the specialty retailer’s stock valued at $18,780,000 after acquiring an additional 65,500 shares during the period. Finally, Beck Mack & Oliver LLC acquired a new stake in PCM in the second quarter valued at approximately $417,000. 50.29% of the stock is owned by institutional investors and hedge funds.

PCMI has been the subject of several research reports. Zacks Investment Research upgraded PCM from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Wednesday, May 9th. ValuEngine upgraded PCM from a “strong sell” rating to a “sell” rating in a research report on Monday, June 11th. B. Riley raised their price objective on PCM to $25.00 in a research report on Thursday, July 26th. Finally, TheStreet upgraded PCM from a “d+” rating to a “c” rating in a research report on Thursday, July 26th. Three research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $21.33.

About PCM

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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Insider Buying and Selling by Quarter for PCM (NASDAQ:PCMI)

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