Empowered Funds LLC Grows Stake in ScanSource, Inc. (NASDAQ:SCSC)

Empowered Funds LLC boosted its stake in shares of ScanSource, Inc. (NASDAQ:SCSC - Free Report) by 5.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 136,305 shares of the industrial products company's stock after buying an additional 6,592 shares during the period. Empowered Funds LLC owned 0.57% of ScanSource worth $6,468,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. RHS Financial LLC boosted its stake in ScanSource by 30.0% during the fourth quarter. RHS Financial LLC now owns 5,981 shares of the industrial products company's stock worth $284,000 after buying an additional 1,380 shares during the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of ScanSource by 5.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,519 shares of the industrial products company's stock valued at $1,021,000 after purchasing an additional 1,132 shares during the last quarter. Ritholtz Wealth Management lifted its stake in shares of ScanSource by 63.5% in the 4th quarter. Ritholtz Wealth Management now owns 15,013 shares of the industrial products company's stock valued at $712,000 after purchasing an additional 5,830 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of ScanSource by 31.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company's stock valued at $18,111,000 after purchasing an additional 91,069 shares during the last quarter. Finally, 272 Capital LP acquired a new position in shares of ScanSource in the 3rd quarter valued at $432,000. Institutional investors and hedge funds own 97.91% of the company's stock.

ScanSource Trading Up 0.2 %

Shares of ScanSource stock traded up $0.08 during trading hours on Friday, hitting $37.42. The company's stock had a trading volume of 149,131 shares, compared to its average volume of 206,401. ScanSource, Inc. has a twelve month low of $36.63 and a twelve month high of $53.90. The firm has a fifty day moving average of $47.07 and a 200-day moving average of $47.89. The stock has a market cap of $877.87 million, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.16 and a beta of 1.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 2.11.

ScanSource (NASDAQ:SCSC - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $0.85 earnings per share. Research analysts forecast that ScanSource, Inc. will post 3.33 EPS for the current year.

Insider Activity at ScanSource

In other ScanSource news, CEO Michael L. Baur sold 15,081 shares of the company's stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $49.57, for a total transaction of $747,565.17. Following the sale, the chief executive officer now owns 177,760 shares in the company, valued at $8,811,563.20. This represents a 7.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brandy Ford sold 1,845 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total value of $91,106.10. Following the sale, the chief accounting officer now owns 9,506 shares in the company, valued at approximately $469,406.28. This trade represents a 16.25 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 42,232 shares of company stock worth $1,905,215. 4.20% of the stock is currently owned by company insiders.

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.