7,252 Shares in ScanSource, Inc. (NASDAQ:SCSC) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 7,252 shares of the industrial products company's stock, valued at approximately $344,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wasatch Advisors LP increased its stake in shares of ScanSource by 13.2% in the third quarter. Wasatch Advisors LP now owns 1,097,992 shares of the industrial products company's stock worth $52,737,000 after purchasing an additional 127,883 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ScanSource in the 4th quarter worth $5,687,000. JPMorgan Chase & Co. raised its holdings in ScanSource by 31.8% during the third quarter. JPMorgan Chase & Co. now owns 377,080 shares of the industrial products company's stock valued at $18,111,000 after acquiring an additional 91,069 shares during the period. American Century Companies Inc. lifted its position in shares of ScanSource by 13.1% in the fourth quarter. American Century Companies Inc. now owns 759,318 shares of the industrial products company's stock valued at $36,030,000 after acquiring an additional 87,721 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of ScanSource by 142.2% in the fourth quarter. Victory Capital Management Inc. now owns 119,599 shares of the industrial products company's stock worth $5,675,000 after acquiring an additional 70,228 shares during the period. Institutional investors own 97.91% of the company's stock.

Insider Transactions at ScanSource

In other news, CFO Stephen Jones sold 2,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $36.14, for a total transaction of $72,280.00. Following the completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael L. Baur sold 15,000 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now directly owns 162,760 shares of the company's stock, valued at approximately $6,332,991.60. This trade represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,994 shares of company stock valued at $731,702. 4.20% of the stock is currently owned by insiders.

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ScanSource Price Performance

SCSC traded down $0.46 on Monday, hitting $34.01. 368,940 shares of the company's stock traded hands, compared to its average volume of 229,668. The company's 50 day simple moving average is $39.03 and its 200-day simple moving average is $45.29. 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 one year low of $33.68 and a one year high of $53.90. The firm has a market cap of $798.01 million, a price-to-earnings ratio of 13.44, a P/E/G ratio of 1.14 and a beta of 1.41.

ScanSource (NASDAQ:SCSC - Get Free Report) last released 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 quarter in the prior year, the firm posted $0.85 EPS. As a group, research analysts anticipate that ScanSource, Inc. will post 3.33 EPS for the current year.

About ScanSource

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.