Dynamic Technology Lab Private Ltd Decreases Stake in ScanSource, Inc. (NASDAQ:SCSC)

Dynamic Technology Lab Private Ltd reduced its position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 47.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,723 shares of the industrial products company's stock after selling 16,216 shares during the quarter. Dynamic Technology Lab Private Ltd owned about 0.08% of ScanSource worth $841,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in shares of ScanSource by 26.0% in the third quarter. The Manufacturers Life Insurance Company now owns 11,899 shares of the industrial products company's stock worth $572,000 after buying an additional 2,459 shares during the last quarter. Verition Fund Management LLC purchased a new stake in ScanSource in the third quarter valued at $1,042,000. Point72 DIFC Ltd acquired a new stake in ScanSource during the 3rd quarter worth about $35,000. Jane Street Group LLC grew its holdings in ScanSource by 6.2% during the third quarter. Jane Street Group LLC now owns 56,980 shares of the industrial products company's stock worth $2,737,000 after acquiring an additional 3,307 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in ScanSource by 42.4% in the third quarter. Public Employees Retirement System of Ohio now owns 16,047 shares of the industrial products company's stock valued at $771,000 after acquiring an additional 4,780 shares during the period. 97.91% of the stock is owned by institutional investors and hedge funds.

ScanSource Stock Performance

SCSC traded down $0.02 on Friday, reaching $31.01. The stock had a trading volume of 39,164 shares, compared to its average volume of 232,685. The company has a current ratio of 2.11, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a 12-month low of $28.75 and a 12-month high of $53.90. The company has a market cap of $727.71 million, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 1.14 and a beta of 1.34. The business's 50-day moving average price is $35.71 and its two-hundred day moving average price is $44.20.

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

Insider Buying and Selling at ScanSource

In other news, CFO Stephen Jones sold 2,000 shares of the company's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $36.14, for a total value of $72,280.00. Following the transaction, the chief financial officer now directly owns 69,816 shares in the company, valued at approximately $2,523,150.24. This represents a 2.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael L. Baur sold 15,000 shares of ScanSource stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $38.91, for a total transaction of $583,650.00. Following the completion of the sale, the chief executive officer now owns 162,760 shares of the company's stock, valued at $6,332,991.60. This trade represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,994 shares of company stock worth $731,702 in the last ninety days. 4.20% of the stock is owned by 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.