Frank F. Khulusi Sells 44,855 Shares of PCM, Inc. (PCMI) Stock
PCM, Inc. (NASDAQ:PCMI) Chairman Frank F. Khulusi sold 44,855 shares of the stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $27.20, for a total value of $1,220,056.00. Following the completion of the transaction, the chairman now owns 3,443 shares in the company, valued at $93,649.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
PCM (NASDAQ:PCMI) last announced its quarterly earnings results on Wednesday, February 8th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.15. PCM had a return on equity of 20.00% and a net margin of 0.78%. The company earned $586.60 million during the quarter, compared to analysts’ expectations of $577.58 million.
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Several hedge funds and other institutional investors have recently made changes to their positions in PCMI. Dimensional Fund Advisors LP boosted its position in shares of PCM by 6.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 995,326 shares of the company’s stock worth $22,395,000 after buying an additional 62,611 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of PCM by 10.3% in the fourth quarter. Renaissance Technologies LLC now owns 378,000 shares of the company’s stock worth $8,505,000 after buying an additional 35,400 shares during the last quarter. Stifel Financial Corp purchased a new position in shares of PCM during the second quarter worth approximately $3,788,000. Acadian Asset Management LLC boosted its position 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 worth $5,718,000 after buying an additional 259,204 shares during the last quarter. Finally, Bogle Investment Management L P DE boosted its position in shares of PCM by 152.9% in the fourth quarter. Bogle Investment Management L P DE now owns 93,856 shares of the company’s stock worth $2,111,000 after buying an additional 56,745 shares during the last quarter. Institutional investors own 44.70% of the company’s stock.
PCMI has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $32.00 price objective on shares of PCM in a research report on Monday. Roth Capital upgraded PCM from a “neutral” rating to a “buy” rating and increased their price objective for the company from $20.50 to $24.00 in a research report on Thursday, October 27th. Finally, Zacks Investment Research lowered PCM from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 3rd.
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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