Pacific Ridge Capital Partners Lowers stake in PCM Inc (PCMI)

PCM Inc (PCMI) : Pacific Ridge Capital Partners reduced its stake in PCM Inc by 3.24% during the most recent quarter end. The investment management company now holds a total of 227,340 shares of PCM Inc which is valued at $3,973,903 after selling 7,624 shares in PCM Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.PCM Inc makes up approximately 1.67% of Pacific Ridge Capital Partners’s portfolio.

Other Hedge Funds, Including , Blackrock Investment Management reduced its stake in PCMI by selling 110 shares or 6.52% in the most recent quarter. The Hedge Fund company now holds 1,577 shares of PCMI which is valued at $27,566. Paradigm Capital Management Incny sold out all of its stake in PCMI during the most recent quarter. The investment firm sold 62,698 shares of PCMI which is valued $1,118,532.Lsv Asset Management reduced its stake in PCMI by selling 58,033 shares or 36.34% in the most recent quarter. The Hedge Fund company now holds 101,651 shares of PCMI which is valued at $1,747,381.

PCM Inc opened for trading at $17.94 and hit $18.5 on the upside on Friday, eventually ending the session at $18.11, with a gain of 0.67% or 0.12 points. The heightened volatility saw the trading volume jump to 2,00,290 shares. Company has a market cap of $211 M.

Many Wall Street Analysts have commented on PCM Inc. ROTH Capital Initiated PCM Inc on Jul 21, 2016 to “Buy”, Price Target of the shares are set at $16.

PCM Inc. is a technology solutions provider company. The Company provides technology products services and solutions through its sales force and field service teams direct marketing channels and a range of retail stores. The Company offers technology products and solutions as well as consumer electronics equipment and other consumer products. The Company had three operating segments such as Commercial Public Sector and MacMall. It sells primarily to customers in the United States and maintains offices throughout the United States and maintains offices throughout the United States as well as in Montreal Canada and Manila Philippines. It serves its customers by offering products and services from brands such as Apple Cisco Dell HP Ingram Micro Lenovo Microsoft and Tech Data.

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