Inceptionr LLC Purchases New Position in ScanSource, Inc. (NASDAQ:SCSC)

Inceptionr LLC purchased a new position in ScanSource, Inc. (NASDAQ:SCSC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,869 shares of the industrial products company's stock, valued at approximately $326,000.

Several other institutional investors also recently modified their holdings of the stock. Gladius Capital Management LP purchased a new position in shares of ScanSource during the third quarter valued at $30,000. Point72 DIFC Ltd purchased a new stake in ScanSource in the 3rd quarter worth approximately $35,000. KBC Group NV boosted its stake in shares of ScanSource by 59.9% during the 3rd quarter. KBC Group NV now owns 1,182 shares of the industrial products company's stock valued at $57,000 after buying an additional 443 shares during the period. Quest Partners LLC grew its holdings in shares of ScanSource by 42.6% during the 3rd quarter. Quest Partners LLC now owns 1,323 shares of the industrial products company's stock valued at $64,000 after acquiring an additional 395 shares in the last quarter. Finally, Systematic Financial Management LP acquired a new position in shares of ScanSource in the third quarter worth $205,000. Institutional investors own 97.91% of the company's stock.

ScanSource Stock Down 0.8 %

Shares of NASDAQ:SCSC traded down $0.30 during midday trading on Wednesday, hitting $35.74. 17,442 shares of the stock were exchanged, compared to its average volume of 222,648. The business's fifty day simple moving average is $42.79 and its two-hundred day simple moving average is $46.59. 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, Inc. has a 52-week low of $35.05 and a 52-week high of $53.90. The company has a market capitalization of $838.70 million, a PE ratio of 14.12, a P/E/G ratio of 1.14 and a beta of 1.41.

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ScanSource (NASDAQ:SCSC - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The industrial products company reported $0.85 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 in the prior year, the firm earned $0.85 earnings per share. As a group, research analysts predict that ScanSource, Inc. will post 3.33 earnings per share for the current fiscal year.

Insider Transactions at ScanSource

In related news, CAO Brandy Ford sold 1,845 shares of the business's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of $49.38, for a total transaction of $91,106.10. Following the transaction, the chief accounting officer now directly owns 9,506 shares in the company, valued at $469,406.28. The trade was a 16.25 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael L. Baur sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $38.91, for a total value 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 represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 18,839 shares of company stock worth $750,528. 4.20% of the stock is owned by 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.