PSS World Medical: Major Shareholders Cashing Stock in Q3

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of PSS World Medical Inc. (NASDAQ:PSSI).

SEC data indicate these insiders have sold PSS World Medical Inc.’s stock since 06/30/2011:

  • Kesler Delores P: act as Director. On 11/08/2011, sold 17,820 shares, worth $410,900.
  • Steele Mark E: act as President, GSMS. On 06/30/2011, sold 8,888 shares, worth $246,300.
  • Adair Charles E: act as Director. On 10/31/2011, sold 8,000 shares, worth $179,300.
  • Adair Charles E: act as Director. On 08/17/2011, sold 5,000 shares, worth $115,300.
  • Steele Mark E: act as President, GSMS. On 07/06/2011, sold 3,680 shares, worth $104,900.

SEC data indicate that these institutions significantly reduced their stock shares of PSS World Medical Inc. in Q3 2011:

  • FIDUCIARY MANAGEMENT ASSOCIATES LLC: On 06/30/2011, held 603,670 shares, worth $16,908,797. On 09/30/2011, held 0 shares.
  • SIGMA CAPITAL MANAGEMENT LLC: On 06/30/2011, held 425,000 shares, worth $11,904,250. On 09/30/2011, held 0 shares.
  • CR INTRINSIC INVESTORS, LLC: On 06/30/2011, held 365,000 shares, worth $10,223,650. On 09/30/2011, held 0 shares.
  • CI INVESTMENTS INC.: On 06/30/2011, held 208,400 shares, worth $5,837,284. On 09/30/2011, held 0 shares.
  • ING GROEP NV: On 06/30/2011, held 103,200 shares, worth $2,890,632. On 09/30/2011, held 0 shares.

About the company: PSS World Medical, Inc. markets and distributes medical supplies and equipment to office based physicians and long term care providers. The Company operates throughout the United States.

Competitors to Watch: Henry Schein, Inc. (NASDAQ:HSIC), Chindex Intl., Inc. (NASDAQ:CHDX), Patterson Companies, Inc. (NASDAQ:PDCO), Owens & Minor, Inc. (NYSE:OMI), Lincare Holdings Inc. (NASDAQ:LNCR), Cardinal Health, Inc. (NYSE:CAH), AmerisourceBergen Corp. (NYSE:ABC).

(Note: Data regarding PSS World Medical Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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