PC Connection, Inc. (PCCC) Insider Continues To Sell Shares

PC Connection, Inc. (NASDAQ:PCCC) saw an insider lower her position in the company today. The Chairman and Chief Administrative Officer Patricia Gallup disposed of 10,000 shares through two separate transactions of 5,000 each at prices ranging from $21.74 to $21.88 per share. This is just the most recent move for Gallup in a month that has seen her dispose of over 20,000 additional shares. Following todays transactions, Gallup holds 600,810 shares directly; while holding about 7.38 million shares indirectly.
PC Connection, Inc. (NASDAQ:PCCC) is a $565.92 million market cap company that operates as a direct marketer of a range of information technology, or information technology (IT), solutions. The Company provides IT products, including computer systems, software and peripheral equipment, networking communications, and other products and accessories that the Company purchases from manufacturers, distributors, and other suppliers.
In addition, among the institutional investors in the company is is Royce & Associates, the fund run by billionaire Chuck Royce. After raising its holdings by 43% last quarter, the fund holds about 1.9 million shares shares worth about $39.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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