Dynamic Technology Lab Private Ltd Has $1.63 Million Stake in ScanSource, Inc. (NASDAQ:SCSC)

Dynamic Technology Lab Private Ltd increased its holdings in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 97.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,939 shares of the industrial products company's stock after purchasing an additional 16,746 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.14% of ScanSource worth $1,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. CWM LLC increased its holdings in ScanSource by 164.1% during the 2nd quarter. CWM LLC now owns 647 shares of the industrial products company's stock worth $29,000 after purchasing an additional 402 shares in the last quarter. Gladius Capital Management LP acquired a new position in shares of ScanSource during the third quarter worth about $30,000. nVerses Capital LLC bought a new position in shares of ScanSource during the second quarter worth about $40,000. Quest Partners LLC acquired a new stake in ScanSource in the 2nd quarter valued at approximately $41,000. Finally, KBC Group NV lifted its stake in 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. 97.91% of the stock is currently owned by institutional investors and hedge funds.

ScanSource Stock Up 0.2 %

Shares of ScanSource stock traded up $0.10 during trading hours on Tuesday, reaching $51.87. 195,805 shares of the company's stock were exchanged, compared to its average volume of 209,648. The stock has a market cap of $1.24 billion, a P/E ratio of 16.65, a P/E/G ratio of 1.46 and a beta of 1.42. The company has a 50 day moving average of $47.87 and a two-hundred day moving average of $47.35. The company has a current ratio of 2.03, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $53.76.

ScanSource (NASDAQ:SCSC - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The industrial products company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.77 by $0.07. ScanSource had a return on equity of 8.53% and a net margin of 2.49%. The firm had revenue of $775.58 million during the quarter, compared to analysts' expectations of $774.90 million. During the same period in the prior year, the firm posted $0.74 earnings per share. The business's quarterly revenue was down 11.5% compared to the same quarter last year. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut shares of ScanSource from an "outperform" rating to a "market perform" rating in a research note on Thursday, August 15th.

Insider Activity at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 15,081 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $49.57, for a total value of $747,565.17. Following the completion of the sale, the chief executive officer now owns 177,760 shares in the company, valued at $8,811,563.20. This trade represents a 7.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 53,010 shares of company stock valued at $2,611,843. 4.20% of the stock is owned by corporate insiders.

ScanSource Company 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.