EMC Capital Management Sells 116,517 Shares of ScanSource, Inc. (NASDAQ:SCSC)

EMC Capital Management trimmed its position in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 94.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,398 shares of the industrial products company's stock after selling 116,517 shares during the period. EMC Capital Management's holdings in ScanSource were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. Squarepoint Ops LLC raised its stake in shares of ScanSource by 93.2% during the 2nd quarter. Squarepoint Ops LLC now owns 30,862 shares of the industrial products company's stock worth $1,367,000 after purchasing an additional 14,892 shares in the last quarter. Millennium Management LLC increased its holdings in ScanSource by 2,640.7% in the second quarter. Millennium Management LLC now owns 136,266 shares of the industrial products company's stock worth $6,038,000 after buying an additional 131,294 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in ScanSource by 3.4% during the second quarter. The Manufacturers Life Insurance Company now owns 9,440 shares of the industrial products company's stock valued at $418,000 after acquiring an additional 308 shares in the last quarter. Mackenzie Financial Corp lifted its stake in ScanSource by 379.1% in the second quarter. Mackenzie Financial Corp now owns 40,592 shares of the industrial products company's stock valued at $1,799,000 after acquiring an additional 32,120 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in ScanSource by 9.7% in the third quarter. SG Americas Securities LLC now owns 6,857 shares of the industrial products company's stock worth $329,000 after acquiring an additional 608 shares in the last quarter. Institutional investors and hedge funds own 97.91% of the company's stock.

ScanSource Stock Down 3.4 %

Shares of SCSC traded down $1.41 during mid-day trading on Monday, hitting $40.44. 191,163 shares of the company's stock were exchanged, compared to its average volume of 191,042. The company has a quick ratio of 1.30, a current ratio of 2.11 and a debt-to-equity ratio of 0.15. ScanSource, Inc. has a twelve month low of $31.01 and a twelve month high of $53.90. The firm has a fifty day moving average of $49.69 and a two-hundred day moving average of $48.59. The stock has a market cap of $948.72 million, a price-to-earnings ratio of 16.03, a P/E/G ratio of 1.26 and a beta of 1.43.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its earnings results on Thursday, January 30th. The industrial products company reported $0.85 EPS for the quarter, missing the consensus estimate 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 quarter last year, the company earned $0.85 EPS. On average, sell-side analysts forecast that ScanSource, Inc. will post 3.33 earnings per share for the current year.

Insider Activity

In related news, CAO Brandy Ford sold 1,845 shares of ScanSource 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 owns 9,506 shares in the company, valued at $469,406.28. This trade represents a 16.25 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Michael L. Baur sold 8,312 shares of the business's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $48.98, for a total transaction of $407,121.76. Following the transaction, the chief executive officer now directly owns 177,760 shares of the company's stock, valued at approximately $8,706,684.80. This represents a 4.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 54,855 shares of company stock valued at $2,702,949. Insiders own 4.20% of the company's stock.

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.