Dana Investment Advisors Inc. Has $10.40 Million Stock Position in ScanSource, Inc. (NASDAQ:SCSC)

Dana Investment Advisors Inc. trimmed its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 219,120 shares of the industrial products company's stock after selling 25,999 shares during the period. Dana Investment Advisors Inc. owned approximately 0.93% of ScanSource worth $10,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Gladius Capital Management LP bought a new position in ScanSource in the third quarter valued at $30,000. Point72 DIFC Ltd acquired a new position in shares of ScanSource during the 3rd quarter worth about $35,000. KBC Group NV grew its holdings in shares of ScanSource by 59.9% in the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock valued at $57,000 after acquiring an additional 443 shares in the last quarter. Quest Partners LLC increased its position in shares of ScanSource by 42.6% in the third quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 395 shares during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in shares of ScanSource in the third quarter valued at about $205,000. 97.91% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ScanSource news, CAO Brandy Ford sold 1,845 shares of the company's stock in a transaction on Thursday, December 19th. The shares were sold at an average price of $49.38, for a total value of $91,106.10. Following the transaction, the chief accounting officer now directly owns 9,506 shares in the company, valued at $469,406.28. The trade was a 16.25 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael L. Baur sold 1,994 shares of ScanSource stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $38.00, for a total transaction of $75,772.00. Following the sale, the chief executive officer now directly owns 142,760 shares of the company's stock, valued at $5,424,880. The trade was a 1.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,839 shares of company stock valued at $750,528 over the last 90 days. 4.20% of the stock is currently owned by insiders.

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ScanSource Stock Up 0.3 %

NASDAQ SCSC traded up $0.10 during trading hours on Friday, hitting $36.72. 215,544 shares of the company traded hands, compared to its average volume of 225,567. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11. The business's 50-day moving average is $43.01 and its 200-day moving average is $46.69. The stock has a market capitalization of $861.60 million, a price-to-earnings ratio of 14.51, a P/E/G ratio of 1.14 and a beta of 1.41. ScanSource, Inc. has a twelve month low of $35.08 and a twelve month high of $53.90.

ScanSource (NASDAQ:SCSC - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.04). ScanSource had a return on equity of 8.55% and a net margin of 2.08%. During the same period in the prior year, the firm posted $0.85 EPS. Sell-side analysts anticipate that ScanSource, Inc. will post 3.33 earnings per share for the current year.

ScanSource Profile

ScanSource, Inc engages in the distribution of technology products and solutions in the United States, Canada, and Brazil. It operates through two segments, Specialty Technology Solutions and Modern Communications & Cloud. The Specialty Technology Solutions segment provides a portfolio of solutions primarily for enterprise mobile computing, data capture, barcode printing, point of sale (POS), payments, networking, electronic physical security, cyber security, and other technologies.