GSA Capital Partners LLP Trims Stake in PCM Inc (PCMI)

GSA Capital Partners LLP trimmed its position in shares of PCM Inc (NASDAQ:PCMI) by 65.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,138 shares of the specialty retailer’s stock after selling 54,400 shares during the quarter. GSA Capital Partners LLP owned approximately 0.24% of PCM worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Highbridge Capital Management LLC acquired a new stake in shares of PCM during the 3rd quarter valued at about $312,000. Kestrel Investment Management Corp acquired a new stake in shares of PCM during the 3rd quarter valued at about $210,000. Weber Alan W lifted its holdings in shares of PCM by 272.4% during the 3rd quarter. Weber Alan W now owns 95,700 shares of the specialty retailer’s stock valued at $1,340,000 after buying an additional 70,000 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of PCM by 2,587.7% during the 3rd quarter. Wells Fargo & Company MN now owns 16,126 shares of the specialty retailer’s stock valued at $226,000 after buying an additional 15,526 shares during the last quarter. Finally, Icon Advisers Inc. Co. acquired a new stake in shares of PCM during the 3rd quarter valued at about $1,362,000. Institutional investors and hedge funds own 56.18% of the company’s stock.

Shares of PCM Inc (NASDAQ:PCMI) opened at $9.40 on Friday. PCM Inc has a 1-year low of $9.25 and a 1-year high of $31.20. The company has a quick ratio of 0.85, a current ratio of 1.00 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $110.74, a P/E ratio of 11.90, a P/E/G ratio of 0.18 and a beta of 0.79.

PCM (NASDAQ:PCMI) last posted its earnings results on Monday, November 6th. The specialty retailer reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.23). PCM had a return on equity of 14.90% and a net margin of 0.47%. The company had revenue of $545.50 million during the quarter, compared to analyst estimates of $596.17 million. The business’s quarterly revenue was down 6.7% on a year-over-year basis. analysts predict that PCM Inc will post 1.49 earnings per share for the current year.

PCMI has been the subject of several research reports. B. Riley set a $20.00 price target on PCM and gave the company a “buy” rating in a report on Thursday. Roth Capital reduced their price target on PCM from $28.00 to $18.50 and set a “buy” rating for the company in a report on Tuesday, November 7th. TheStreet lowered PCM from a “b-” rating to a “c” rating in a report on Monday, November 6th. ValuEngine lowered PCM from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Finally, Zacks Investment Research lowered PCM from a “hold” rating to a “strong sell” rating in a report on Saturday, November 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $18.73.

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About PCM

PCM, Inc is a multi-vendor provider of technology solutions, including hardware products, software and services, offered through its dedicated sales force, field and internal service teams, direct marketing channels, and owned and operated data centers. The Company’s segments include Commercial, Public Sector, Canada and United Kingdom.

Institutional Ownership by Quarter for PCM (NASDAQ:PCMI)

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